Former J.P. Morgan Traders Launch Crypto Proprietary Trading Platform Velotrade

BlockBeats News, March 13th, Velotrade, a crypto proprietary trading firm founded by former derivatives traders from JPMorgan, Dresdner Kleinwort, and Bank of America, announced the launch of a crypto proprietary trading platform. The platform allows traders to operate trading accounts ranging from $5,000 to $200,000 without using their own funds and receive a profit share.

Velotrade stated that its team had previously operated a fintech trade finance platform that had cumulatively paid out $25 billion to clients since 2016. The new platform will solely support crypto asset trading and will utilize AI hedging and institutional liquidity bridging. The platform will replicate positions in the real market in sync with traders' profits to establish a business model linked to traders' earnings. The platform offers up to 6x leverage for BTC and ETH.