Asset × Country · Legal Status

Trade Virtuals Protocol in Ukraine

STATUSUnclear CLASSCrypto

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

Virtuals Protocol · VIRTUAL-PERPCrypto · Ukraine

Price · 24h—

Max leverage5x

Funding · APR—

In UkraineAvailable

Canborsa fee0.07% per side

Virtuals Protocol in Ukraine · at a glance

Unclear

legal statusVirtuals Protocol exposure from Ukraine

max leverageVirtuals Protocol on Canborsa

0.07%

0.14% round-tripCanborsa fee per side

funding intervalSettled while a position is open

What the law actually says

Is Virtuals Protocol trading legal in Ukraine?

Ukraine is the case where the framework exists on paper and has no legal force. Spot is neither banned nor regulated - it sits outside the legal perimeter.

Leveraged derivatives are a separate question with a separate answer. Derivative contracts are capital-market instruments that require an NSSMC licence, and the statutory list of things a derivative may be written on does not include virtual assets, so crypto perpetuals and CFDs cannot be licensed in Ukraine at all; there is no domestic venue for them, and no criminal provision aimed at the retail trader either.

What the contract is

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

Regulator — Ukraine

Websitewww.nssmc.gov.ua

CryptoUnclear

Funding · local rails

How to fund a trade from Ukraine

The routes traders use to reach USDC before a deposit.

Rails · deposit routes

Rail

Status

Note

Local bank card to a foreign crypto venue

LIMITS

NBU rules cap outbound crypto purchases at UAH 100,000 per month across foreign-currency accounts.

Bank transfer (hryvnia, domestic)

WORKS

Domestic hryvnia payments fall outside the cross-border restriction that targets transfers out of Ukraine.

Cross-border bank transfer to a foreign exchange

BLOCKED

Blocked: the crypto carve-out covers card credentials and e-payment instruments, not ordinary outbound wires.

LIMITS

Widely used in practice in Ukraine.

Crypto as a means of payment for goods and services

BLOCKED

A law bars using virtual assets to pay for goods or services, but that law has not yet taken effect.

Availability · by platform

Platforms that offer Virtuals Protocol perps in Ukraine

5 venues open Virtuals Protocol perps to traders in Ukraine.

Platform

Sign-up

Max lev

Taker fee

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

150x

0.035%

Hyperliquid

Browser Wallet Non-custodial

5x

0.045%

How to start trading Virtuals Protocol from Ukraine

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 VIRTUAL-PERP

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

VIRTUAL-PERPPerpetual · USDC marginLONG

04.

Choose Buy / Long, then set size and leverage

Buying $1,000 of VIRTUAL 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 — Ukraine

Individuals are subject to 18% personal income tax plus a 5% military levy on crypto gains and income from virtual asset transactions.