Spot crypto is legal in Switzerland and the service side around it is licensed: FINMA publishes a standing list of the crypto services it supervises - custody, DLT payment systems, staking, stablecoins, crypto funds and ETPs, DLT securities trading - and treats each as a supervisory-law question. Accepting client crypto is a licensable activity: FINMA authorisation is required once the number of clients whose deposits or crypto-based assets you accept passes twenty, and operating a venue for DLT securities trading needs a DLT trading facility licence.
Holding, buying and selling crypto as a private individual is unrestricted, and the Federal Tax Administration confirms the point from the other side by taxing crypto holdings as ordinary movable assets. What leveraged crypto derivatives a Swiss retail client may be offered is a separate question.
The contract itself does not change by geography: a XYZ100 perpetual settles in USDC everywhere.
2 venues open Nasdaq 100 (XYZ100) perps to traders in Switzerland.
HyperliquidFour steps from sign-up to an open position.
No capital gains tax for a private investor: the FTA treats buying and selling payment tokens like transactions in conventional currencies, so gains in private assets are in principle tax-free and losses non-deductible. Two things are taxed instead.
Trading XYZ100 from Switzerland: legal.
4 platforms serve Switzerland for Nasdaq 100 (XYZ100) trading, among them Aevo, GMX and Hyperliquid.
Canborsa offers up to 20x leverage on Nasdaq 100 (XYZ100) for traders based in Switzerland.
On Canborsa, Nasdaq 100 (XYZ100) trading from Switzerland costs 0.07% per side.