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Best crypto perp house vaults in Sweden

#1 for SwedenGMX GM / GLV pools81 out of 100 ChainChoice Score
Audit receipt#cc-SE-PHV-2026.09-5c1bb539 Methodology §3affiliate economics did not influence this ranking

GMX GM / GLV pools ranks highest in ChainChoice’s published perp house vaults ranking among the providers that list Sweden — Risk-isolated per-market house vaults. 30% flat — losses are 70% deductible, so tax-loss harvesting has real value here.

RegulatorFIFinansinspektionen · Swedish Financial Supervisory Authority
Currencykr SEKSwedish Krona
Payment railsSEPASwish · Bankgiro
MiCA statusAppliesCASP licensing required
Reviewed Next review by Published Methodology v2026.11.1
How this page is reviewed

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.

How we review · Review calendar · Corrections log · How we make money

Direct answer

Which crypto perp house vault should Sweden residents use in November 2026?

GMX GM / GLV pools ranks highest in ChainChoice’s published perp house vaults ranking among the providers that list Sweden — Risk-isolated per-market house vaults. The order is the published ranking itself; providers whose terms exclude Sweden are removed. Check authorisation with FI before depositing.

Right fit for this list
  • Sweden residents holding capital in SEK
  • Users who need FI-aligned compliance and audit-grade reporting
  • Buy-and-hold profiles benefiting from Sweden's tax treatment
  • Sophisticated retail and family-office treasurers
Wrong fit — look elsewhere
  • 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 FI does not currently authorise

General guidance for Sweden: 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 Sweden

In ChainChoice’s published ranking order, from this category’s 9 providers: those whose terms exclude Sweden are removed; naming Sweden 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. #1 for SwedenGMX GM / GLV pools#1 globallyLists Europe; Sweden not individually verified

    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
    Lists Europe, not Sweden by nameprovider-stated, not checked by us

    GMX GM / GLV pools · docs.gmx.io.

  2. #2 for SwedenAvantis avUSDC#2 globallyLists Europe; Sweden 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
    Lists Europe, not Sweden by nameprovider-stated, not checked by us

    Avantis avUSDC · docs.veranta.xyz.

  3. #3 for SwedenVelocity 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
    Broad availabilityprovider-stated, not checked by us

    Velocity Insurance Fund · docs.velocity.exchange.

  4. #4 for SwedengTrade gToken Vaults (gDAI / gUSDC)#5 globallyLists Europe; Sweden 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
    Lists Europe, not Sweden by nameprovider-stated, not checked by us

    gTrade gToken Vaults (gDAI / gUSDC) · docs.gains.trade.

  5. #5 for SwedenJupiter JLP#6 globallyLists Europe; Sweden not individually verified

    The largest house vault in existence: a single-pot, no-tranche Solana pool that is the direct counterparty to traders on the SOL, ETH and wBTC markets of Jupiter Perps (its Beta markets run on a separate engine), uniquely honest about what its advertised APY leaves out and almost entirely silent about what stops a winning trader.

    Fee versus pnl honesty — 9/10Verifiable loss of record — 6/10
    Lists Europe, not Sweden by nameprovider-stated, not checked by us

    Jupiter JLP · docs.jup.ag.

  6. #6 for SwedenHyperliquid HLP#7 globallyLists Europe; Sweden 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
    Lists Europe, not Sweden by nameprovider-stated, not checked by us

    Hyperliquid HLP · hyperliquid.gitbook.io.

  7. #7 for SwedendYdX MegaVault#8 globallyLists Europe; Sweden 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
    Lists Europe, not Sweden by nameprovider-stated, not checked by us

    dYdX MegaVault · help.dydx.trade.

  8. #8 for SwedenAster ALP#9 globallyLists Europe; Sweden 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
    Lists Europe, not Sweden by nameprovider-stated, not checked by us

    Aster ALP · docs.asterdex.com.

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.

How you can lose money here, and what the ranking scores
  • 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, Velocity Insurance Fund 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, Velocity Insurance Fund 5/10)
    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, Velocity Insurance Fund 3/10)
Not assessed by this ranking: Contract failure, Oracle failure, Regulatory failure, Execution failure, Exit failure. A high place says nothing about these; the Methodology tab says what each means.
Also scored, as cost, quality or a summary of several families: Is the number they advertise what I actually earned, or does it quietly leave out what the traders took from me? (16%).

Each cell is verified against the provider's filings or the FI register; a gap shows "—", never an estimate.

Fee, KYC, rails and licence by provider in Sweden
ProviderTaker fee in SwedenKYC tierSEK railsFI license
#1GMX GM / GLV pools————
#2Avantis avUSDC————
#3Velocity Insurance Fund————
#4gTrade gToken Vaults (gDAI / gUSDC)————
#5Jupiter JLP————

Source: ChainChoice provider catalog cross-referenced with the FI register; each fee as of its entry's latest verification (accuracy methodology).

Is using a crypto perp house vault legal in Sweden?

Yes. Sweden regulates crypto-asset service providers under MiCA (EU Regulation 2023/1114), enforced from 30 December 2024. FI oversees perp house vaults operating in Sweden; only providers authorised under MiCA may serve retail clients. Verify any provider against ESMA’s interim MiCA register.

How is crypto taxed in Sweden?

Capital gains on crypto taxed at 30% under "income from capital." Losses are 70% deductible against capital income. Editorial summary, not tax advice: consult a qualified tax advisor in Sweden before filing.

What payment methods work for buying crypto in Sweden?

The most common rails for retail onramps in Sweden are: SEPA, Swish, Bankgiro.

Are international platforms (Coinbase, Kraken, Binance) available in Sweden?

Coinbase and Kraken hold MiCA authorisation valid in Sweden. Binance does not: no Binance entity is on ESMA's register (read 10 November 2026); every transitional period ended by 1 July 2026, so none covers it there.

Who supervises crypto services in Sweden

  • FI · Finansinspektionenlicenses or registers crypto services; conduct and client protection; prudential (capital, safeguarding); anti-money-launderingRead on fi.se

Authorities read . Each source is re-read within 180 days, or the build fails.

Country data verifiednot publishedSourceFI ↗Methodology v2026.11.1
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