Trade Grass in New Zealand

Grass (GRASS) is tradable as a perpetual from New Zealand: the legal status, working funding rails and the practical route are below.

Is Grass trading legal in New Zealand?

Holding, buying and selling crypto is lawful in New Zealand and has been treated as ordinary commercial activity by the state for years. Inland Revenue's position is that cryptoassets are a form of property for tax purposes, that they are excepted financial arrangements, and that buying and selling them is outside GST; the tax treatment turns on the characteristics and use of the asset. Crypto businesses are regulated: financial services provided by virtual asset service providers fall within the existing definition of a financial institution in the Anti-Money Laundering and Countering Financing of Terrorism Act 2009, the Department of Internal Affairs is their lead AML/CFT supervisor and the Financial Markets Authority supervises a few of them depending on the services provided.

What the contract is

The contract itself does not change by geography: a GRASS 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 GRASS-PERP

Pick GRASS in the markets list. The ticket shows the live price, the current funding rate and max leverage 3x .

GRASS-PERPPerpetual · USDC marginLONG

Choose Buy / Long, then set size and leverage

Buying $1,000 of GRASS 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.

There is no crypto-specific tax rate in New Zealand. Cryptoassets are treated as a form of property, and amounts from selling, trading or exchanging them are, in most cases, taxable income — so they fall into the ordinary progressive individual income tax scale, which Inland Revenue publishes as 10.5% on income to $15,600, 17.5% to $53,500, 30% to $78,100, 33% to $180,000 and 39% above $180,000 from 1 April 2025.

Trading GRASS from New Zealand: legal.

Regulator for Grass trading in New Zealand: Financial Markets Authority (FMA) covers financial markets conduct and licensing; the Department of Internal Affairs (DIA) is the lead AML/CFT supervisor for virtual asset service providers, with FMA supervising a minority.

Identity verification before an account is usable is a legal obligation on the venue, and from 2026 a second, tax-driven layer sits on top of it.

From New Zealand, you can fund a Grass position using Debit or credit card (NZD).