Former traders from JPMorgan and other institutions launch crypto proprietary trading platform Velotrade
ChainCatcher news, Velotrade, a crypto proprietary trading company 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 profits are shared accordingly.
Velotrade stated that its team previously operated a fintech trade financing platform, which has cumulatively paid $2.5 billions to clients since 2016. The new platform will only support crypto asset trading and will utilize AI hedging and institutional liquidity bridging. When traders make profits, the platform synchronously replicates positions in the real market to bind commercial models to trader earnings. The platform offers up to 6x leverage for BTC and ETH.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Turkish Lira: Inflation risks keep pressure on TRY – Commerzbank
Wells Fargo raises Lockheed Martin's target price to $700
Net profit dragged down by a provision of 288 millions euros for settlement, but Philips (PHG.US) Q3 core earnings indicators still beat expectations
Philips’ Q3 sales were slightly below expectations, but orders increased by 8% and the adjusted profit margin of 13% exceeded expectations. Meanwhile, Great Wall has reached a preliminary settlement with the US Department of Justice, and the company reaffirmed its full-year guidance.
Barclays raises S&P Global price target to $572
Crypto prices
More
