A group of former investment bank traders has launched Velotrade Re Limited, a Hong Kong‑based crypto proprietary trading firm offering funded accounts. The founders include Gianluca Pizzituti and Vittorio De Angelis, who previously held derivatives roles at JP Morgan, Dresdner Kleinwort, and Bank of America.Their earlier venture, Velotrade Management Limited, operates an active trade‑finance platform. However, the new company is a separate entity focused only on crypto trading.A New Revenue StructureMost prop firms rely on challenge fees when traders fail. Velotrade operates differently—its revenue comes from live market replication of profitable trader positions using institutional liquidity and algorithmic hedging, Friday announcement noted. Crypto prop trading uses a prop firm’s capital to trade only digital assets like bitcoin and ether, often through funded accounts that sit on demo or simulated infrastructure but link to real crypto liquidity and defined profit splits for traders. In the past two years, several players such as HyroTrader, Crypto Fund Trader, E8 Markets and PipFarm have moved into this space with high profit shares, instant or fast funding models and leverage that can reach from 5x on spot-style structures to much higher on derivatives-style setups. The platform’s trading framework aims to reflect crypto’s 24/7 nature. It removes time limits, consistency rules, and bans on weekend or news trading. Two evaluation paths, one‑step and two‑step challenges, set different drawdown levels and both use the DXtrade platform.Velotrade limits its offering to crypto only, with leverage up to 6x on BTC and ETH. Funded traders can request payouts in USDC or USDT after 14 days, processed within 24 hours.Crypto-Native Props Add On-Chain TransparencyUnlike the multi‑asset, FX‑ and CFD‑centric prop firms that dominate our broader prop trading reports, where traders usually operate on MT4/MT5 or similar platforms across currencies, indices and commodities, these newer crypto‑native outfits build around 24/7 digital markets.It also comprise exchange connectivity and proof‑of‑reserves style transparency. Crypto prop trading has started to attract firms that now report sizeable payouts and transparent capital backing, such as Crypto Fund Trader, which recently disclosed that it has distributed more than $18 million to traders using a model built natively around blockchain infrastructure. This article was written by Jared Kirui at www.financemagnates.com.

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