Article details
A group of former traders from JP Morgan and Dresdner Kleinwort has launched Velotrade Re Limited, a Hong Kong-based cryptocurrency proprietary trading firm. The company, founded by Gianluca Pizzituti and Vittorio De Angelis, operates with a unique revenue model that relies on replicating profitable trader positions using institutional liquidity and algorithmic hedging, rather than traditional challenge fees. The founders have extensive experience in derivatives trading at major global banks, and the new firm focuses exclusively on crypto assets like Bitcoin and Ethereum. Velotrade’s framework allows 24/7 trading with flexible rules, including weekend and news-driven trading, and offers two evaluation paths for traders. This development highlights the growing institutional interest in crypto markets, particularly in Asia. Velotrade’s approach could disrupt traditional prop trading models by leveraging institutional-grade liquidity and advanced risk management tools. For traders, the firm’s emphasis on real-time replication and profit-sharing structures may attract both novice and experienced participants seeking exposure to crypto markets without direct capital risk. The absence of time constraints and flexible leverage options further enhances its appeal in a sector known for volatility. The launch of Velotrade adds to the competitive landscape of crypto prop trading, which has seen rapid growth alongside the broader crypto industry. For MENA investors, this signals increasing global infrastructure for crypto trading, though regulatory clarity remains a critical factor. Traders should monitor Velotrade’s performance against competitors like HyroTrader and Crypto Fund Trader, as well as broader crypto market trends that could influence institutional adoption.
