Banco de México's Circular 4/2019, published in the Diario Oficial de la Federación on 8 March 2019, states the policy in its own recitals - it is considered appropriate to keep a healthy distance between virtual assets and the financial system - and then enforces it: credit institutions and licensed fintech institutions (ITF) may carry out virtual-asset operations only as internal operations, only with Banxico's prior authorisation, and an application is expressly ineligible for that authorisation where the institution intends to provide its clients directly with exchange, transmission or custody of virtual assets. So a Mexican bank or an authorised fintech cannot sell you crypto; that trade happens at venues that sit outside the ITF licence, and outside the consumer protections attached to it. Nothing here prohibits a person from buying, holding or selling crypto.
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 Mexico.
HyperliquidFour steps from sign-up to an open position.
Gains from selling or exchanging cryptocurrency are subject to income tax at the individual's marginal rate (up to 35%).
Trading Nasdaq 100 (XYZ100) from Mexico: legal.
Mexico residents can trade Nasdaq 100 (XYZ100) on 4 platforms, including Aevo, GMX and Hyperliquid.
On Canborsa, traders in Mexico can use up to 20x leverage on Nasdaq 100 (XYZ100).
On Canborsa, Nasdaq 100 (XYZ100) trading from Mexico costs 0.07% per side.
Perpetual markets for stocks, gold, indices and pre-IPO names — settled on-chain, no wallet-to-exchange transfers.
Robinhood Chain
