Velotrade Launches Crypto Prop Trading Platform With Accounts Up to $200,000

According to the company’s official announcement, Velotrade’s crypto-only proprietary trading platform offers funded accounts from $5,000 to $200,000 and up to 6x leverage on BTC and ETH.

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Summary

According to the company’s official announcement, Velotrade has launched a crypto proprietary trading platform offering funded trader accounts ranging from $5,000 to $200,000. The firm states that the platform is focused exclusively on crypto trading and provides up to 6x leverage on BTC and ETH. Velotrade also says it was founded by former derivatives traders from JPMorgan, Dresdner Kleinwort, and Bank of America.

Terms & Concepts
  • Proprietary trading: Trading with a firm’s own capital rather than client funds, often under a model where traders receive access to funded accounts.
  • Leverage: A mechanism that allows traders to control larger positions with less capital, increasing potential gains and losses.
  • BTC: The ticker symbol commonly used for Bitcoin, the largest cryptocurrency by market capitalization.