Best crypto perp house vaults in Singapore
GMX GM / GLV pools ranks highest in ChainChoice’s published perp house vaults ranking among the providers that list Singapore — Risk-isolated per-market house vaults. No capital gains tax for individuals. MAS-licensed Digital Payment Token Service Providers required for retail-facing platforms.
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Reviewed means every product ranked on this page was read against its sources on or after that date; every ranked category is re-read at least every 45 days. Models research, extract and parse. A deterministic engine ranks. Every quote passes an adversarial refute pass.
Accountable for this review: Mathias Siemonsmeier, Founder.
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Which crypto perp house vault should Singapore residents use in November 2026?
GMX GM / GLV pools ranks highest in ChainChoice’s published perp house vaults ranking among the providers that list Singapore — Risk-isolated per-market house vaults. The order is the published ranking itself; providers whose terms exclude Singapore are removed. Check authorisation with MAS before depositing.
- Singapore residents holding capital in SGD
- Users who need MAS-aligned compliance and audit-grade reporting
- Buy-and-hold profiles benefiting from Singapore's tax treatment
- Sophisticated retail and family-office treasurers
- Derivatives / perpetuals traders (use a regulated futures venue instead)
- Privacy-focused users avoiding KYC (these are licensed venues)
- Day-traders chasing the lowest spreads regardless of regulator posture
- Anyone needing a service MAS does not currently authorise
General guidance for Singapore: the ranking engine does not compute these notes and they do not change the order below. If none fits you, answer the Find My Best questions for a result for your profile.
8 perp house vaults listed for Singapore
In ChainChoice’s published ranking order, from this category’s 9 providers: those whose terms exclude Singapore are removed; naming Singapore or a region that covers it counts the same, and those whose terms do not state it come last. Each chip names the basis: a dated check, a region listing, or the provider's own claim.
#1 for SingaporeGMX GM / GLV pools#1 globallyProvider states broad availability Risk-isolated per-market house vaults where the LP is the traders' counterparty, protected by a named automatic on-chain deleveraging rule (MAX_PNL_FACTOR_FOR_ADL) rather than a human vote, with a full-life realised-PnL series retrievable keylessly but only by assembling it yourself.
Pool protection mechanism — 9/10Fee versus pnl honesty — 9/10Verifiable loss of record — 8/10#2 for SingaporeAvantis avUSDC#2 globallyLists Asia; Singapore not individually verified Single ERC-4626 USDC vault on Base that is the counterparty to every Avantis perp trade, protected by a published per-trade profit cap of 2500% of collateral and a solvency-indexed withdrawal-fee schedule.
Pool protection mechanism — 9/10Loss waterfall and exit price — 9/10#3 for SingaporeOstium OLP#3 globallyLists Asia; Singapore not individually verified The pool's only documented junior tranche — and, post-upgrade, barely a house vault: OLP now earns opening fees only, with the real counterparty an offchain Jump Trading mirror hedge. Its loss record can be rebuilt from a keyless Ostium subgraph the docs never point depositors at, but it prices OLP only at settlement, so it showed no loss for 60 days after the July 2026 vault drain, until a 69.2% write-down on 12 September 2026; the operator's own pages mention neither.
Pool protection mechanism — 8/10Fee versus pnl honesty — 8/10#4 for SingaporeVelocity Insurance Fund#4 globallyProvider states broad availability Solana perp DEX's staker-owned first-loss backstop: you are the equity tranche that pays trader bankruptcies, behind a 13-day cooldown whose payout can only be revised downward.
Pool protection mechanism — 8/10Fee versus pnl honesty — 6/10#5 for SingaporegTrade gToken Vaults (gDAI / gUSDC)#5 globallyLists Asia; Singapore not individually verified The longest-running pure house vault: ERC-4626 gToken shares whose price is literally 1 + cumulative fees - cumulative trader PnL, both accumulators readable free onchain, with a withdraw lock that lengthens to 3 epochs exactly as the collateralization ratio falls - and gUSDC read 97.83% on 28 September 2026.
Pool protection mechanism — 7/10Verifiable loss of record — 6/10#6 for SingaporeHyperliquid HLP#7 globallyLists Asia; Singapore not individually verified The house vault with one of the best free loss records in the pool and the worst disclosure of it: a keyless endpoint returns net PnL from inception 10 May 2023 and a PnL-inclusive APR (0.0404, about 4%, on 29 September 2026), while the 951-byte operator page uses the word 'loss' zero times.
Verifiable loss of record — 7/10Pool protection mechanism — 6/10#7 for SingaporedYdX MegaVault#8 globallyLists Asia; Singapore not individually verified The pool's most candid loss disclosure attached to its worst exit terms: a USDC vault that market-makes 268 permissionlessly-listed dYdX markets, whose own FAQ says losses 'could outweigh returns', whose free indexer publishes only the last ~90 days (too short to contain a single loss day), and whose withdrawal slippage is documented up to '100% slippage fee and receive $0'.
Pool protection mechanism — 6/10Verifiable loss of record — 5/10#8 for SingaporeAster ALP#9 globallyLists Asia; Singapore not individually verified The house vault that documents what you pay to the basis point and never once says what you risk: ALP holders are the market-maker counterparty for Aster's 1001x Simple Mode book, with no published NAV series, no contract address to read one from, and no page stating what happens when trader profit exceeds pool value.
Pool protection mechanism — 6/10Loss waterfall and exit price — 2/10
Commission: None of these providers pays ChainChoice anything for these links. Disclosure
Not promoted in the UK, the EU or the EEA: this vault takes the other side of leveraged traders for its depositors, and until counsel has classified such vaults (O-02) we treat them as restricted for retail readers there.
Crypto products are high risk. Check the provider is authorised where you live before you deposit.
- Control failure: a key or vote changes the rules, freezes or mints.Scored by When one trader's win is bigger than the pool, who pulls the plug — a rule I can read, or a vote I'll never hear? · 28% (GMX GM / GLV pools 9/10, Avantis avUSDC 9/10, Ostium OLP 8/10)
- Insolvency failure: the firm or issuer that owes you cannot pay.Scored by How much has this vault already lost when a trader won — and can I check that number myself, today, for free? · 32% (GMX GM / GLV pools 8/10, Avantis avUSDC 6/10, Ostium OLP 7/10)Scored by Who eats the loss before I do — and if I try to leave first, how much do they take? · 24% (GMX GM / GLV pools 6/10, Avantis avUSDC 9/10, Ostium OLP 5/10)
Each cell is verified against the provider's filings or the MAS register; a gap shows "—", never an estimate.
| Provider | Taker fee in Singapore | KYC tier | SGD rails | MAS license |
|---|---|---|---|---|
| #1GMX GM / GLV pools | — | — | — | — |
| #2Avantis avUSDC | — | — | — | — |
| #3Ostium OLP | — | — | — | — |
| #4Velocity Insurance Fund | — | — | — | — |
| #5gTrade gToken Vaults (gDAI / gUSDC) | — | — | — | — |
Source: ChainChoice provider catalog cross-referenced with the MAS register; each fee as of its entry's latest verification (accuracy methodology).
Is using a crypto perp house vault legal in Singapore?
Yes. Crypto perp house vaults are regulated in Singapore by Monetary Authority of Singapore (MAS). Always verify a platform's licensing status with MAS before transacting.
How is crypto taxed in Singapore?
Singapore has no capital gains tax. Trading crypto as a business or profession is taxed as income. Editorial summary, not tax advice: consult a qualified tax advisor in Singapore before filing.
What payment methods work for buying crypto in Singapore?
The most common rails for retail onramps in Singapore are: FAST, PayNow, Wire.
Are international platforms (Coinbase, Kraken, Binance) available in Singapore?
Availability varies by platform and product. Singapore has its own licensing regime under MAS, and not every global platform is registered. The shortlist above removes platforms whose terms exclude Singapore; the chip on each row says whether availability is verified, listed or unstated.