Altcoins News

Story: Former JP Morgan Traders Launch Hong Kong Crypto Firm

By Bruce Buterin

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Two Wall Street veterans just dropped their latest move. Gianluca Pizzituti and Vittorio De Angelis, both former derivatives traders at JP Morgan and Dresdner Kleinwort, launched…

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Velotrade Re doesn't work like your typical prop trading shop that charges challenge fees when traders blow up their accounts.

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Both founders bring serious Wall Street credentials.

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Pizzituti spent over five years handling equity derivatives at Dresdner Kleinwort's London office before moving to Singapore to start Colosseum Financials.

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The crypto prop trading space has been heating up lately with new players like HyroTrader and PipFarm jumping in.

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Hong Kong makes sense as a base. The city's been pushing hard to become Asia's digital finance hub, with regulators slowly warming up to crypto businesses that can prove they're…

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Not really clear yet how big Velotrade Re plans to scale.

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The firm's algorithmic hedging approach means they're not just gambling on crypto price movements - they're using sophisticated risk management that probably draws from both…

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March 13 timing wasn't random - crypto markets have been showing more institutional interest lately, with Bitcoin and Ether gaining acceptance as legitimate asset classes.

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Hong Kong's crypto-friendly regulatory shift has attracted dozens of traditional finance professionals in recent months.

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The copy-trading model that Velotrade Re uses has gained traction across multiple financial markets beyond crypto.

The Currency Analytics

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