[Former JPMorgan and Other Institutional Traders Launch Crypto Proprietary Trading Platform Velotrade] BlockBeats news, on March 13, 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, with profit-sharing based on earnings. Velotrade stated that its team previously operated a fintech trade financing platform that has cumulatively paid $2.5 billion to clients since 2016. The new platform will exclusively support crypto asset trading and will utilize AI hedging and institutional liquidity bridging. When traders generate profits, the platform will simultaneously replicate positions in the real market to implement a business model tied to trader earnings. The platform offers up to 6x leverage for BTC and ETH.