According to a statement on Friday, Velotrade, a Hong Kong-based company founded by former institutional derivatives traders from JPMorgan and Dresdner Kleinwort, introduced its funded trading platform that gives traders capital while sharing profits based on results.
Private crypto trading is a model that allows traders to trade digital assets using capital provided by a private trading company rather than their own funds.
To access a funded account, most retail models require traders to go through a process that assesses profitability and risk discipline. If successful, traders receive a funded account and receive a share of the profits, as long as they follow the company’s trading rules and risk limits.
The company stated that the Velotrade framework was built from scratch for crypto trading, removing restrictions such as compliance rules, time limits and bans on news or weekend trading.
The platform uses institutional liquidity and AI-based hedging to mirror traders’ positions, ensuring that the company only makes profits when traders are successful.
“We’re not here to collect challenge fees and hope people fail,” Gianluca Pizzituti, CEO and co-founder of Velotrade. “Our revenue model depends on the performance of traders. This changes everything about how you design the rules and how you interact with the people who trade your capital.”
Velotrade offers traders access to proprietary accounts from $5,000 to $200,000 without requiring personal capital at risk.
The platform focuses exclusively on crypto assets with up to 6x leverage on Bitcoin and Ethereum. Payments are available after 14 days, then processed weekly in USDC or USDT upon request.
Velotrade brings combined institutional experience spanning three decades. Vittorio De Angelis, chief executive, traded equity derivatives at JP Morgan and Dresdner Kleinwort before becoming head of equity derivatives at Bank of America.
Pizzituti previously operated a high-frequency trading operation focused on currency and equity indices in Singapore before establishing the original trade finance business Velotrade in Hong Kong.
The founding team previously built Velotrade Management Limited, a trade finance platform founded in 2016 that has distributed over $2.5 billion to clients worldwide and continues to operate.
