Velotrade, a crypto proprietary trading firm founded by former derivatives traders from JPMorgan, Dresdner Kleinwort, and Bank of America, announced the launch of its crypto proprietary trading platform. This platform allows traders to manage trading accounts ranging from $5,000 to $200,000 without using their own capital and to share profits. Velotrade stated that its team previously operated a fintech trade finance platform that has paid out a cumulative $2.5 billion to clients since 2016. The new platform will only support crypto asset trading and will employ AI hedging and institutional liquidity bridging to simultaneously replicate positions in the real market when traders profit, thus creating a business model tied to trader earnings. The platform offers up to 6x leverage on BTC and ETH.