In the United States, it is legal to buy/sell cryptocurrencies, and they can be traded in the same way as other assets. On the other hand, CFDs aren’t permitted. This refers to trading products where the underlying asset stays the same. In general, CFDs are traded with higher leverages. Some of the platforms that offer CFD trading with high leverage are PrimeXBT, ByBit, and BitMEX. All of these platforms cannot be used in the US. The prohibition also applies to US citizens who are living in a foreign country. However, this doesn’t mean that leveraged trading is completely illegal in the US. There are certain platforms that are licensed to offer margin trading in the country. The best option for margin trading with leverage in the US is Kraken (which offers 5x leverage).