Ex-JP Morgan and Dresdner Kleinwort traders launch crypto prop platform

Velotrade, a Hong Kong-based firm established by former institutional derivatives traders from JPMorgan and Dresdner Kleinwort, has launched a proprietary trading platform for cryptocurrencies. The platform provides traders with capital ranging from $5,000 to $200,000, allowing them to trade digital assets without risking their own funds, and shares profits based on performance. Unlike many retail models, Velotrade’s framework removes common restrictions like consistency rules and time limits. The platform utilizes institutional liquidity bridges and AI-driven hedging to align its success with that of its traders. CEO Gianluca Pizzituti emphasizes that their revenue model is directly tied to trader performance, fostering a more collaborative approach. The platform currently supports up to 6x leverage on Bitcoin and Ethereum, with payouts available in USDC or USDT.

(Source：Crypto Briefing)