Former investment banking executives have launched Velotrade Re Limited, a Hong Kong-based crypto proprietary trading firm. The venture is led by 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, but the newly formed Velotrade Re Limited is a separate entity focused solely on crypto trading. Velotrade limits its offering to crypto assets, with leverage reportedly up to 6x on Bitcoin and Ethereum.
Funded traders can request payouts in USDC or USDT after 14 days. Most 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, the Friday’s announcement noted.
Velotrade Re Limited is a Hong Kong based crypto proprietary trading firm led by Gianluca Pizzituti and Vittorio De Angelis, who previously held derivatives roles at JP Morgan, Dresdner Kleinwort, and Bank of America. The new entity is separate from Velotrade Management Limited, which runs an active trade-finance platform, and focuses exclusively on crypto trading. Velotrade Re Limited offers crypto trading with leverage reportedly up to 6x on Bitcoin and Ethereum, and enables funded traders to take payouts in USDC or USDT after 14 days.
Unlike many prop firms that rely on challenge fees when traders underperform, Velotrade Re Limited derives revenue from live market replication of profitable trader positions using institutional liquidity and algorithmic hedging. The firm emphasizes a crypto-only model backed by institutional liquidity and sophisticated execution. This launch underscores ongoing participation of veteran bankers in crypto trading and highlights a push toward crypto-native prop firms with advanced trading infrastructure.
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