Perpetuals.com Ltd. (NASDAQ: PDC) has announced that its risk-free trading platform, UpsideOnly, has surpassed 400,000 users across 172 countries, after adding more than 100,000 new customers in under two weeks. This rapid growth underscores the increasing interest in platforms that allow users to trade without risking their own capital, while providing the company with valuable data to refine its proprietary trading algorithms.
Since its launch on May 19, users have generated over 3.3 million fills, with cryptocurrency and commodities accounting for nearly 90% of trading activity. The platform's user base is geographically diverse, with the Philippines, India, Kenya, Nigeria, and the United States leading in user numbers. Notably, 85% of users accessed UpsideOnly exclusively through mobile devices, highlighting the importance of mobile-first design in reaching a global audience.
The significance of UpsideOnly extends beyond user engagement. The platform feeds real user behavior into Perpetuals' proprietary AI system, BayesShield, which analyzes trading patterns to identify signals that the company can act on using its own capital. According to the company, a recent backtest of BayesShield replayed approximately 1.07 billion historical order fills over 375 days, generating a hypothetical, non-compounded return of 380% with a maximum drawdown of 27%. These results, while not indicative of future performance, suggest the potential of AI-driven trading strategies that are informed by real user interactions.
Perpetuals.com, a fintech company with a global footprint, is developing AI-powered trading products and prediction markets. Its proprietary trading platform, Kronos X, combines advanced AI and data analysis, trained on billions of trades, to monitor market activity in real time and identify patterns for trading and risk decisions. The platform operates with full MiFID II, MiCA, DORA, and EMIR compliance, supported by its licensed European Multilateral Trading Facility (MTF) infrastructure.
The surge in UpsideOnly's user base and the promising backtest results of BayesShield could signal a shift in how retail and institutional traders approach market participation. By offering a risk-free environment, UpsideOnly not only attracts users but also generates a wealth of behavioral data that can be leveraged to enhance trading algorithms. This dual benefit may position Perpetuals.com as a significant player in the AI-driven fintech space, potentially impacting how trading strategies are developed and executed in the future.
For more information, visit the company's newsroom at https://ibn.fm/PDC.
