Asset × Country · Legal Status

Trade SpaceX in Singapore

STATUSLegal REGULATORMAS CLASSPre-IPO

SpaceX (SPCX) is tradable as a perpetual from Singapore: the legal status, working funding rails and the practical route are below.

SpaceX · SPCX-PERPPre-IPO · Singapore

Price · 24h—

Max leverage20x

Funding · APR—

In SingaporeAvailable

Canborsa fee0.07% per side

Trade SPCX on Canborsa ›

SpaceX in Singapore · at a glance

Legal

legal statusSpaceX exposure from Singapore

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 Singapore?

Spot crypto is legal and licensed: 'digital payment token service' is one of the seven payment services MAS regulates under the Payment Services Act 2019, described by MAS as buying or selling digital payment tokens commonly known as cryptocurrencies, and section 5(1) of that Act provides that a person must not carry on a business of providing any type of payment service in Singapore unless the person holds a licence for it or is an exempt payment service provider. Residents therefore buy and sell on MAS-licensed venues — Coinbase Singapore Pte. Ltd. holds a Major Payment Institution licence for digital payment token service, and Coinhako trades under Payment Services Act licence PS20200556.

What the contract is

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

Regulator — Singapore

RegulatorMAS

Websitewww.mas.gov.sg

CryptoLegal

Funding · local rails

How to fund a trade from Singapore

The routes traders use to reach USDC before a deposit.

Rails · deposit routes

Rail

Status

Note

PayNow

WORKS

MAS's instant proxy-addressing overlay on FAST, available 24/7; licensed venues like Coinhako and Independent Reserve take it directly.

FAST bank transfer

WORKS

MAS's instant SGD transfer service underneath PayNow, available 24/7; the standard route for larger deposits at licensed venues.

WORKS

Used mainly for USD funding at Independent Reserve; slower and fee-bearing next to the domestic rails.

Credit or charge card

BLOCKED

PS-G03 4.4.1(f) bars DPT providers from accepting credit or charge card payments issued in Singapore, in force since 19 June 2025.

Debit card

LIMITS

The PS-G03 card restriction names only credit and charge cards, so debit cards depend on each venue's own policy, unconfirmed.

LIMITS

Not a common route since instant free bank rails dominate; a counterparty trading at volume falls inside PSA 2019 licensing.

Availability · by platform

Platforms that offer SpaceX perps in Singapore

13 venues open SpaceX perps to traders in Singapore.

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 Singapore

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 — Singapore

No capital gains tax and no crypto-specific rate. IRAS states that gains from the sale of property, shares and financial instruments in Singapore are generally not taxable, and that because there are no capital gains taxes in Singapore, gains on digital tokens bought for long-term investment are not subject to tax.