Asset × Country · Legal Status

Trade SpaceX in Australia

STATUSLegal REGULATORASIC CLASSPre-IPO

This page answers one question for Australia: how a resident actually gets SPCX exposure, and what the rules say.

SpaceX · SPCX-PERPPre-IPO · Australia

Price · 24h—

Max leverage20x

Funding · APR—

In AustraliaAvailable

Canborsa fee0.07% per side

Trade SPCX on Canborsa ›

SpaceX in Australia · at a glance

Legal

legal statusSpaceX exposure from Australia

20x

max leverageSpaceX on Canborsa

0.07%

0.14% round-tripCanborsa fee per side

funding intervalSettled while a position is open

What the law actually says

Is SpaceX trading legal in Australia?

Australia treats spot crypto and crypto derivatives as different regulatory objects and gives them different answers, but neither is banned. Holding and trading crypto is lawful — ASIC's consumer site describes buying and selling crypto on a trading platform as an ordinary thing to do while warning it is highly speculative — though it is careful to say that crypto-assets, even Australian dollar stablecoins, are not legal tender in Australia and are not widely accepted as payment. The government was consulting on exposure-draft legislation to bring digital asset platforms and tokenised custody platforms in as new financial products when INFO 225 was last updated, so this perimeter is expected to move.

What the contract is

The contract itself does not change by geography: a SPCX perpetual settles in USDC everywhere.

Regulator — Australia

RegulatorASIC

Websiteasic.gov.au

CryptoLegal

Funding · local rails

How to fund a trade from Australia

The routes traders use to reach USDC before a deposit.

Rails · deposit routes

Rail

Status

Note

PayID

WORKS

The everyday rail: AUD 5 minimum, free and near-instant on Kraken, with no withdrawal hold.

Bank transfer / Osko

LIMITS

AUD 5 minimum and free, near-instant via Osko, but Kraken says its deposit limits vary dynamically.

RTGS (real time gross settlement)

LIMITS

Built for large deposits: AUD 100 minimum and a flat AUD 33 fee, settling in 0-1 business days.

Debit or credit card (including Apple Pay / Google Pay)

LIMITS

AUD 0.25 plus 3.75% and near-instant; Apple Pay and Google Pay carry a higher AUD 14 minimum.

PayPal

LIMITS

AUD 1 minimum and near-instant, but the deposit is locked 72 hours before it can be withdrawn.

Availability · by platform

Platforms that offer SpaceX perps in Australia

13 venues open SpaceX perps to traders in Australia.

Platform

Sign-up

Max lev

Taker fee

CanborsaSign up›

Browser Wallet Non-custodial

20x

0.07%

ApeX

Browser Wallet Non-custodial

50x

0.05%

Aster

Browser Wallet Non-custodial

—

0.04%

Avantis

Browser Wallet Non-custodial

10x

0.045%

gTrade

Browser Wallet Non-custodial

2x

0.035%

Helix

Browser Wallet Non-custodial

5.5x

0.0001%

Hyperliquid

Browser Wallet Non-custodial

20x

0.045%

Lighter

Browser Wallet Non-custodial

20x

0%

Ondo

Browser Wallet Non-custodial

10x

0.025%

Pacifica

Browser Wallet Non-custodial

10x

0.04%

Paradex

Browser Wallet Non-custodial

5x

0%

QFEX

Browser Wallet Non-custodial

10x

0.1%

Vest

Browser Wallet Non-custodial

10x

0.01%

How to start trading SpaceX from Australia

Four steps from sign-up to an open position.

01.

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

02.

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

03.

Open SPCX-PERP

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

SPCX-PERPPerpetual · USDC marginLONG

04.

Choose Buy / Long, then set size and leverage

Buying $1,000 of SPCX 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.

Position · PnLexamplePnL: $3,425.52|+53.6%

Tax note — Australia

Cryptocurrency in Australia is taxed at rates between 0% and 45%, with a 50% capital gains discount for crypto held longer than a year before disposal.