How to Trade Nasdaq 100 (XYZ100) (XYZ100) in Uzbekistan

From Uzbekistan, exposure to Nasdaq 100 (XYZ100) runs through a USDC-settled perpetual.

Is Nasdaq 100 (XYZ100) trading legal in Uzbekistan?

Uzbekistan permits crypto and taxes it at zero, then closes the market to a short list of nationally licensed venues. Ownership and trading are lawful, and the state has gone further than tolerance: until 1 January 2029, transactions of legal entities and individuals connected with crypto-asset turnover are not objects of taxation and the income from them is not included in the taxable base.

Two hard boundaries define the rest. First, venue: since 1 January 2023, citizens and legal entities of Uzbekistan may carry out purchase, sale or exchange of crypto-assets 'exclusively through national service providers', and service providers 'may be exclusively legal entities that are residents of the Republic of Uzbekistan'.

The licensed provider types are the crypto-exchange, the mining pool, the crypto-depository and the crypto-shop.

What the contract is

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

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

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

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

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.

Zero, under a dated exemption. Crypto-asset transactions of both individuals and legal entities — non-residents included — are outside the object of taxation until 1 January 2029, and the income from them is excluded from the taxable base for all taxes and other obligatory payments (Presidential Resolution No. PP-3832 of 03.07.2018, paragraph 2, as amended by Presidential Decree No.

Trading Nasdaq 100 (XYZ100) from Uzbekistan: regulated.

Uzbekistan traders can fund Nasdaq 100 (XYZ100) positions using UZS bank transfer from a commercial bank in Uzbekistan, Withdrawal to the client's own bank account and Foreign currency.

Canborsa offers up to 20x leverage on Nasdaq 100 (XYZ100) for traders based in Uzbekistan.

On Canborsa, Nasdaq 100 (XYZ100) trading from Uzbekistan costs 0.07% per side.