Verotrade, a Hong Kong-based company founded by former institutional derivatives traders at JPMorgan and Dresdner Kleinwort, has announced an accumulation trading platform that provides capital to traders while distributing profits based on performance, according to a statement on Friday.
Proprietary trading of crypto assets is a model that allows traders to trade digital assets using capital provided by a proprietary trading company rather than their own funds.
To access a funded account, most retail models require traders to pass challenges that assess profitability and risk discipline. If successful, traders can receive a funded account and earn a share of the profits if they continue to follow the company’s trading rules and risk limits.
Velotrade’s framework was built from the ground up for crypto trading, removing restrictions such as consistency rules, time limits, and bans on news and weekend trading, the company said.
The platform uses institutional liquidity bridges and AI-driven hedging to reflect traders’ positions, allowing companies to profit only if the trader is successful.
“We are not here to charge challenge fees and expect people to fail,” said Gianluca Pizzituti, co-founder and CEO of Velotrade. “Our revenue model is tied to trader performance. This changes everything about how we design our rules and how we treat the people who trade their capital.”
Velotrade provides traders with access to prop accounts ranging from $5,000 to $200,000 without risking their personal capital.
The platform focuses solely on crypto assets and features up to 6x leverage on Bitcoin and Ethereum. Payments will be available after 14 days and will be processed weekly thereafter in USDC or USDT upon request.
Velotrade brings 30 years of comprehensive institutional experience. Executive Chairman Vittorio De Angelis traded equity derivatives at JPMorgan and Dresdner Kleinwort before being promoted to co-head of Bank of America’s equity derivatives division.
Mr. Pizzituti previously operated his own high-frequency trading practice in Singapore with a focus on foreign exchange and equity indices, before founding the original Verotrade trade finance business in Hong Kong.
The founding team previously built and continues to operate Velotrade Management Limited, a trade finance platform founded in 2016 that has distributed more than $2.5 billion to customers around the world.
Disclosure: This article was edited by Vivian Nguyen. Please see our Editorial Policy for more information on how we create and review content.
