Veles Finance

What Veles Finance does

Veles Finance is a Dubai-based fintech that operates a non-custodial automated cryptocurrency trading bot platform. Founded in 2021 and legally domiciled as VELES MIDDLE EAST - FZCO, LLC in the Dubai Silicon Oasis free zone, the company serves individual retail traders who want to execute algorithmic strategies on spot and futures markets without manually monitoring positions. The platform connects to user-held exchange accounts via API keys configured for trading-only access (no withdrawal permission), and supports nine exchanges — Binance, Bybit, OKX, Gate.io, HTX, Bitget, BingX, BitMEX, and Hyperliquid — with four additional venues (KuCoin, MEXC, Coinbase, Crypto.com) announced as in development. The core technology stack centers on configurable algorithmic bots driven by 50+ technical indicators (including proprietary VuManChu and Turtle Zone variants), pre-built ready-made strategies, a backtesting engine, a strategy marketplace, a public leaderboard, and TradingView signal integration, delivered across web and native iOS/Android applications.

The product portfolio extends beyond raw execution into adjacent features: Veles Academy for user education, a Telegram-driven community (English, Russian, Ukrainian), a YouTube channel, an influencer collaboration program, and a referral program paying 30% revenue share (capped at $15/referral/month). Veles generates revenue exclusively through a 20% performance commission on user profits, capped at $50 USDT per calendar month per trading type (spot, futures USDS-M, futures COIN-M) — there are no subscription fees, no upfront charges, and no licensing fees. New users receive a $5 signup credit to test the service. Customer acquisition runs on three reinforcing GTM motions: product-led growth via self-serve onboarding and the signup bonus, community-led growth through educational content and multilingual Telegram groups, and channel partnerships via official affiliate relationships with nine major exchanges that drive referred sign-ups. The company discloses 81,617+ users, $79.7M+ in cumulative user profits, 47.3M+ closed trading cycles, and $418.4M+ in cumulative bot deposits, with founders Ruslan Molchanov (CTO) and Vladislav Kriger (CEO) leading the organization.

Name

Veles Finance

Legal name

VELES MIDDLE EAST - FZCO, LLC

Website

https://veles.finance

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

11–50 employees

Short description

Veles Finance is a Dubai-based fintech operating a non-custodial automated cryptocurrency trading bot platform that connects retail traders' exchange accounts via API to algorithmic bots across spot and futures markets, monetizing via a 20% commission on user profits.

Ownership category

akta.pro rank

Product category

Automated Cryptocurrency Trading Software

NAICS

Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200)

akta.pro primary industry

Portfolio Management Systems (PMS), Rebalancing & Analytics (Crypto) (FSADAHAE)

akta.pro secondary industry

Managed Accounts, Separately Managed Accounts (SMA) & Funds Platforms (Crypto) (FSADAHAM)

Keywords

• Automated crypto trading
• Algorithmic trading bots
• Cryptocurrency trading software
• Copy trading platform
• Multi-exchange trading tools

Headquarters

HQ city

Dubai

HQ country

United Arab Emirates

HQ region

Middle East

Offices1 record

Markets served

GTM type

B2C

Offering type

Software

Cost components

Technology or R&D, Infrastructure, Marketing or Sales, Personnel, Operations

Revenue model

1. Performance Commission: Veles charges 20% commission only from profits earned while trading with bots. Maximum commission capped at $50 USDT per calendar month per trading type (spot, futures USDS-M, futures COIN-M). No subscription fees, no upfront costs. Users maintain funds on exchanges; Veles only has trading API access, not withdrawal access.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels7 records

Core offering

Veles Finance operates a non-custodial automated cryptocurrency trading bot platform that lets retail traders deploy algorithmic strategies across spot and futures markets on 10+ major exchanges (Binance, Bybit, OKX, Gate.io, HTX, Bitget, BingX, BitMEX, Hyperliquid) via API. Users access pre-configured ready-made bots, customizable bot configurations with 50+ technical indicators, a historical backtesting engine, and a copy-trading strategy marketplace. The company earns a 20% commission on profits only, capped at $50 USDT per calendar month per trading type, with no subscription or upfront fees.

Product overview

Veles Finance is a fintech platform for algorithmic trading that provides an automated crypto trading bot ecosystem. The core product is the Veles Trading Bot Platform, which enables users to create, configure, and run trading bots across multiple cryptocurrency exchanges via API. The platform operates on a software-as-service model with no subscription fees - users pay a 20% commission on profits (capped at $50 per calendar month per trading type). The product portfolio includes the core bot platform, Ready-Made Bots (pre-configured strategies for quick deployment), the Backtesting Tool (for historical strategy validation), the Strategy Marketplace (for copying other traders' strategies), Veles Academy (educational resources), a Mobile App (iOS/Android), the Referral Program, Leaderboard, and Blog. The platform supports trading across crypto, equities, metals, indices, and commodities markets, integrating with major exchanges including Binance, Bybit, OKX, Gate.io, HTX, Bitget, BingX, BitMEX, and Hyperliquid.

Differentiator

Problem solved

Functional benefit

Products and services

• Veles Trading Bot Platform Automated cryptocurrency trading bot platform that enables users to create, configure, and run trading bots across multiple cryptocurrency exchanges via API. Supports both spot and futures (USDS-M, COIN-M) trading with customizable strategies and 50+ technical indicators. Designed for retail crypto traders who want 24/7 algorithmic execution without manual monitoring.
• Ready-Made Trading Bots Pre-configured trading strategies (BTC Long, ETH Long, DOGE Squiz Bot, AVAX Long, ADA Long, SUI Long, BNB Miner) that users can copy and deploy immediately. Each bot has a documented PNL profile, minimum deposit, average time in trade, and risk rating. Targeted at beginners who want tested strategies without configuring parameters themselves.
• Backtesting Tool Professional backtesting tool that lets users analyze trading strategies on historical data to evaluate profitability, calibrate risk parameters, and optimize bot settings before deploying capital in live markets. Built for traders who want to validate strategies before committing real funds.
• Strategy Marketplace (Copy Trading) Copy-trading functionality that lets users browse, follow, and replicate trading strategies and signals from experienced traders on the platform. Bridges signal providers with subscribers who want to deploy proven strategies without manual configuration.
• Veles Mobile App Native iOS and Android application that allows users to manage trading bots, monitor portfolio performance, and receive notifications on the go. Provides full bot management capability from mobile devices.
• Veles Referral / Affiliate Program Partnership program allowing affiliates and users to earn 30% of revenue generated by referred users, with monthly earnings capped at $15 per referral. Includes promotional banners, materials, and tracking infrastructure.

Quantifiable outcome

• 81,617+ users on platform
• +5 more outcomes

Named customers1 record

Segments1 record

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration14 records

Feature6 records

Partnerships

13 partnerships are on record, tiered core, major and minor.

• BinancecoreChannel Partner/ Reseller/ DistributorOfficial partnership with affiliate referral program. Veles provides official partner links for new user registration with maximum bonuses. Users can register via Veles referral links and access exclusive benefits.
• BybitcoreChannel Partner/ Reseller/ DistributorOfficial partnership with affiliate referral program. Veles provides official partner links for new user registration with maximum bonuses. Supports subaccount creation for Veles users.
• OKXcoreChannel Partner/ Reseller/ DistributorOfficial partnership with affiliate referral program. Fast-API integration for quick account connection. Veles provides official partner links for new user registration.
• Gate.iomajorChannel Partner/ Reseller/ DistributorOfficial partnership with affiliate referral program. Exchange listed as available platform for bot trading.
• HTX (Huobi)majorChannel Partner/ Reseller/ DistributorOfficial partnership with affiliate referral program. Exchange listed as available platform for bot trading.
• BitgetmajorChannel Partner/ Reseller/ DistributorOfficial partnership with affiliate referral program. Supports subaccount creation for Veles users.
• BingXmajorChannel Partner/ Reseller/ DistributorOfficial partnership with affiliate referral program. Exchange listed as available platform for bot trading.
• BitMEXminorChannel Partner/ Reseller/ DistributorOfficial partnership with affiliate referral program. Supports subaccount creation for Veles users.
• HyperliquidminorChannel Partner/ Reseller/ DistributorOfficial partnership with affiliate referral program. Exchange listed as available platform for bot trading.
• KuCoinminorChannel Partner/ Reseller/ DistributorUpcoming partnership. Exchange listed as coming soon to Veles platform.
• MEXCminorChannel Partner/ Reseller/ DistributorUpcoming partnership. Exchange listed as coming soon to Veles platform.
• CoinbaseminorChannel Partner/ Reseller/ DistributorUpcoming partnership. Exchange listed as coming soon to Veles platform.
• Crypto.comminorChannel Partner/ Reseller/ DistributorUpcoming partnership. Exchange listed as coming soon to Veles platform.

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• 3Commas: 3Commas is a leading crypto trading-bot platform offering DCA, grid, and options bots with multi-exchange API integrations. It is the closest direct competitor to Veles in functionality (automated bots, copy-trading marketplace, backtesting) and target customer (retail crypto traders).
• Cryptohopper: Cryptohopper is a cloud-based automated crypto trading platform with marketplace, paper-trading, and strategy designer, similar in positioning to Veles. Directly comparable on automated-bots-as-a-service for retail traders with subscription and signal-marketplace monetization.
• Bitsgap: Bitsgap offers automated crypto trading bots, smart orders, and portfolio management across 30+ exchanges via API. Comparable to Veles on multi-exchange aggregation, bot automation, and a retail trader focus, with a different fee model (subscription plans).
• Pionex: Pionex combines an exchange with free built-in trading bots (grid, leverage grid, martingale). While it is itself an exchange rather than a third-party bot aggregator, it competes directly for the same retail crypto-trader segment Veles serves, often with free exchange-native bots.
• HaasOnline: HaasOnline provides algorithmic trading software (HaasBot) for crypto with visual strategy builder, backtesting, and multi-exchange support. Comparable to Veles on technical-indicator-driven bot automation, though positioned at a more advanced/pro-trader tier.
• WunderTrading: WunderTrading is a crypto-trading automation platform with TradingView integration, copy trading, and multi-exchange bots. It overlaps Veles on TradingView signal integration, multi-exchange API bots, and a copy-trading marketplace for retail users.
• Cornix: Cornix delivers automated crypto trading bots primarily via Telegram, with strategy marketplace and copy-trading features. Compares on automated strategy execution and copy-trading, with a different distribution channel (Telegram-first).

Broad incumbents

• Binance Trading Bots: Binance offers native spot-grid, futures-grid, and DCA bots inside the exchange app to its hundreds of millions of users. As Veles' largest distribution partner, Binance's own free/low-cost bots are also its biggest competitive threat in the retail crypto-bot category.
• OKX Trading Bots: OKX provides built-in trading bots (grid, DCA, arbitrage, smart portfolio) on its exchange. OKX is simultaneously a core integration partner and a direct competitor to Veles via its exchange-native bot suite.
• Bybit Trading Bots: Bybit offers native futures-grid, martingale, and combo bots to its retail base, leveraging the same exchange-API integration model as Veles. As a "core" partner, Bybit exemplifies the exchange-incumbent threat that could compress third-party aggregator pricing.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@velesfinance
• Xx.com/velesfinance
• Facebookfacebook.com/Veles.Finance.Global
• LinkedInlinkedin.com/company/veles-finance

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Veles Finance