How to Trade SPX6900 (SPX) in Indonesia

From Indonesia, exposure to SPX6900 runs through a USDC-settled perpetual.

Is SPX6900 trading legal in Indonesia?

Indonesia treats crypto as a tradable financial asset, and it regulates the venue. Supervision of digital financial assets including crypto moved from the commodity-futures regulator Bappebti to the financial services authority OJK: the handover was signed on 10 January 2025, the same date POJK No. 27 of 2024 took effect. Under that regime a Penyelenggara Perdagangan Aset Keuangan Digital is licensed by OJK, and it is forbidden to trade any digital financial asset that is not on the list (Daftar Aset Keuangan Digital) fixed by the exchange — so what a resident can legally trade is a bounded list on a licensed venue.

What the contract is

A perpetual on SPX 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 SPX-PERP

Pick SPX in the markets list. The ticket shows the live price, the current funding rate and max leverage 5x .

SPX-PERPPerpetual · USDC marginLONG

Choose Buy / Long, then set size and leverage

Buying $1,000 of SPX 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.

Sellers of crypto assets in Indonesia pay a final income tax under Article 22 at 0.21% of the transaction value.

Trading SPX from Indonesia: legal.

Regulator for SPX6900 trading in Indonesia: Otoritas Jasa Keuangan (OJK), the Financial Services Authority, which took over from Bappebti on 10 January 2025.

For Indonesia residents trading SPX6900: Sellers of crypto assets in Indonesia pay a final income tax under Article 22 at 0.21% of the transaction value.

Indonesia traders can fund SPX6900 positions using Bank Transfer, QRIS (QR code payment) and Mobile Money (DANA).

Indonesia residents can trade SPX6900 on 4 platforms, including Aster, GMX and Hyperliquid.