Trade Sandisk in Cambodia

Sandisk (SNDK) is tradable as a perpetual from Cambodia: the legal status, working funding rails and the practical route are below.

Is Sandisk trading legal in Cambodia?

Cambodia moved from prohibition to a licensing regime on 26 December 2024, and the licence it created cannot yet be obtained. The National Bank of Cambodia's Prakas No.

B7-024-735 on Transaction Related to Cryptoassets recognises cryptoassets as a category, sorts them into Group 1 (tokenized traditional assets and fully backed stablecoins meeting a redemption-risk test) and Group 2 (everything else, expressly including unbacked cryptoassets such as Bitcoin), and creates a class of cryptoasset service provider. Article 20 sets out exhaustively what a CASP may do: exchange cryptoassets against fiat in either direction, transfer them, and hold or administer them in custody.

Article 19 then says any entity wishing to operate as a CASP must obtain a licence from the NBC and that the criteria and conditions for that licence are provided in a separate Prakas.

What the contract is

A perpetual on SNDK tracks price and does not confer ownership of the underlying — the same contract mechanics apply in every jurisdiction; what differs by country is legal status and funding rails.

Sign up on Canborsa with email, X or a wallet

No document upload to open the account. Canborsa is non-custodial: your collateral stays under your own keys until a position opens.

Email X Wallet

Fund the account with USDC

Deposit USDC over Canton, Robinhood Chain, Ethereum, Base, BNB Chain or Arbitrum. Canborsa takes no fiat, so buying the USDC happens wherever you normally buy stablecoins.

→Robinhood Chain

Open SNDK-PERP

Pick SNDK in the markets list. The ticket shows the live price, the current funding rate and max leverage 20x .

SNDK-PERPPerpetual · USDC marginLONG

Choose Buy / Long, then set size and leverage

Buying $1,000 of SNDK at 5x uses $200 of collateral. Higher leverage moves the liquidation price closer to your entry: your exposure is the position size, whatever margin you posted. Set a stop-loss below your entry before you walk away.

Capital gains from cryptocurrency sales are taxed at a flat rate of 20%.

Trading SNDK from Cambodia: regulated.

Cambodia residents can trade Sandisk on 16 platforms, including Aevo, ApeX and Aster.

On Canborsa, traders in Cambodia can use up to 20x leverage on Sandisk.

On Canborsa, Sandisk trading from Cambodia costs 0.07% per side.