Asset × Country · Legal Status

Trade Nasdaq 100 (XYZ100) in Portugal

STATUSLegal REGULATORCMVM CLASSIndex

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

Nasdaq 100 (XYZ100) · XYZ100-PERPIndex · Portugal

Price · 24h—

Max leverage20x

Funding · APR—

In PortugalAvailable

Canborsa fee0.07% per side

Trade XYZ100 on Canborsa ›

Nasdaq 100 (XYZ100) in Portugal · at a glance

Legal

legal statusNasdaq 100 (XYZ100) exposure from Portugal

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 Portugal?

Portugal has one side of its crypto regime settled and one side open. MiCA is a Regulation, so it applies in Portugal without national transposition, and the European Commission describes the EU framework as regulating both the issuing of crypto-assets and the services provided in respect of them.

Portugal is inside the EEA perimeter that an Irish MiCA crypto-asset service provider authorisation is passported into - Kraken holds CASP authorisations from the Central Bank of Ireland and names Portugal among the EEA states it passports them to - so a Portuguese resident is served by an authorised CASP and spot crypto is bought and sold lawfully through one. That is consistent with MiCA applying directly as an EU regulation across the whole Union.

Which authority supervises CASPs domestically in Portugal, and under what national instrument, is unclear.

What the contract is

The contract itself does not change by geography: a XYZ100 perpetual settles in USDC everywhere.

Regulator — Portugal

RegulatorCMVM

Websitewww.cmvm.pt

CryptoLegal

Funding · local rails

How to fund a trade from Portugal

The routes traders use to reach USDC before a deposit.

Rails · deposit routes

Rail

Status

Note

SEPA / SEPA Instant transfer (EUR)

WORKS

Direct in euro-using Portugal, needing no conversion; EUR 1 minimum, crediting in 0-3 days or instantly.

Debit card

LIMITS

Available across the EEA but priced as a convenience rail: EUR 10 minimum plus EUR 0.25 + 3.75%.

PayPal

LIMITS

EUR 1 minimum and near-instant, but the deposit is held 72 hours before it can be withdrawn.

WORKS

Global EUR fallback with a EUR 4 minimum and EUR 3 fee, taking 1-5 business days to arrive.

Any rail into a provider without MiCA authorisation

BLOCKED

MiCA applies across the EU, restricting crypto-asset services to authorised CASPs.

Availability · by platform

Platforms that offer Nasdaq 100 (XYZ100) perps in Portugal

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

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 Portugal

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 — Portugal

28% flat capital gains tax for crypto disposals held less than 365 days; tax-free for holdings of 365 days or longer.