Odaily Odaily reports that Velotrade, a crypto proprietary trading firm founded by former derivatives traders from JPMorgan, Dresdner Kleinwort, and Bank of America, has announced the launch of its crypto proprietary trading platform, allowing traders to operate trading accounts ranging from $5,000 to $200,000 without using their own funds and to share profits.
Velotrade stated that its team's previous fintech trade finance platform had disbursed a cumulative $2.5 billion to clients since 2016. The new platform will only support crypto asset trading and will employ AI hedging and institutional liquidity bridging to simultaneously replicate positions in the real market when traders profit, thus achieving a business model tied to trader earnings. The platform offers up to 6x leverage on BTC and ETH.
