Asset × Country · Legal Status

Trade Nasdaq 100 (XYZ100) in Japan

STATUSLegal CLASSIndex

This page answers one question for Japan: how a resident actually gets XYZ100 exposure, and what the rules say.

Nasdaq 100 (XYZ100) · XYZ100-PERPIndex · Japan

Price · 24h—

Max leverage20x

Funding · APR—

In JapanAvailable

Canborsa fee0.07% per side

Trade XYZ100 on Canborsa ›

Nasdaq 100 (XYZ100) in Japan · at a glance

Legal

legal statusNasdaq 100 (XYZ100) exposure from Japan

20x

max leverageNasdaq 100 (XYZ100) on Canborsa

0.07%

0.14% round-tripCanborsa fee per side

funding intervalSettled while a position is open

What the law actually says

Is Nasdaq 100 (XYZ100) trading legal in Japan?

Spot crypto and leveraged crypto derivatives are two different regimes in Japan and both are legal, but each is gated by a licence. Holding and trading spot crypto-assets is lawful; since 1 April 2017 anyone providing exchange services between crypto-assets and fiat inside Japan must be registered as a crypto-asset exchange service provider (暗号資産交換業者) under the Payment Services Act, and the FSA tells users to check that the operator they use is registered.

The FSA also states plainly that crypto-assets are not legal tender. Leveraged products — perpetuals, margin and other crypto derivatives — sit under a second regime: from 1 May 2020 crypto-asset derivative transactions fall under the Financial Instruments and Exchange Act, and a business carrying them on had to notify the FSA.

What the contract is

A perpetual on XYZ100 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.

Regulator — Japan

Websitewww.fsa.go.jp

CryptoLegal

Funding · local rails

How to fund a trade from Japan

The routes traders use to reach USDC before a deposit.

Rails · deposit routes

Rail

Status

Note

Bank Transfer (Zengin)

WORKS

Standard JPY deposit method, settling quickly and cheaply through Japan's domestic Zengin system.

Credit/Debit Card

LIMITS

Many Japanese banks block crypto card purchases outright; a debit card or extra security step may be needed.

Convenience Store Payment

WORKS

Cash-based alternative to bank transfer for smaller crypto purchases, reflecting Japan's cash commerce culture.

Apple Pay

WORKS

Digital wallet method supported by Banxa for crypto purchases in Japan.

Google Pay

WORKS

Digital wallet method supported by Banxa for crypto purchases in Japan.

Availability · by platform

Platforms that offer Nasdaq 100 (XYZ100) perps in Japan

2 venues open Nasdaq 100 (XYZ100) perps to traders in Japan.

Platform

Sign-up

Max lev

Taker fee

CanborsaSign up›

Browser Wallet Non-custodial

20x

0.07%

Hyperliquid

Browser Wallet Non-custodial

30x

0.045%

How to start trading Nasdaq 100 (XYZ100) from Japan

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 XYZ100-PERP

Pick XYZ100 in the markets list. The ticket shows the live price, the current funding rate and max leverage 20x .

XYZ100-PERPPerpetual · USDC marginLONG

04.

Choose Buy / Long, then set size and leverage

Buying $1,000 of XYZ100 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 — Japan

Crypto-asset income is assessed as miscellaneous income (雑所得) under the Income Tax Act (所法35). The NTA's own worked example — compensation paid in yen in place of crypto-assets — is taxed 雑所得として課税の対象.