Perpetuals.com Ltd. (NASDAQ: PDC) has announced a significant milestone for its risk-free trading platform, UpsideOnly, which has now surpassed 400,000 users across 172 countries. The platform added more than 100,000 new customers in under two weeks, according to recent data released by the company. Since its launch on May 19, users have generated over 3.3 million fills, with crypto and commodities representing nearly 90% of trading activity. The Philippines, India, Kenya, Nigeria, and the United States are the top five countries by user count, and 85% of users accessed the platform exclusively through mobile devices.
UpsideOnly allows users to take virtual positions across equity, commodity, forex, and crypto markets without risking their own capital. This approach not only provides a safe environment for users to practice trading but also feeds valuable data into Perpetuals' proprietary AI system, BayesShield. The AI analyzes user activity to identify trading signals that the company can then act on using its own capital. A recent backtest of BayesShield replayed approximately 1.07 billion historical order fills over 375 days and generated a hypothetical, non-compounded return of 380%, with a maximum drawdown of 27%.
This user surge and the promising backtest results underscore the potential of Perpetuals' AI-driven trading technology. The company's 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. It provides multi-asset coverage with self-clearing blockchain-based settlement. Perpetuals also operates a licensed European Multilateral Trading Facility (MTF) infrastructure with full MiFID II, MiCA, DORA, and EMIR compliance.
The rapid adoption of UpsideOnly and the performance of BayesShield highlight a growing trend toward AI-powered trading solutions that minimize risk for retail users. By leveraging user behavior data, Perpetuals aims to refine its trading algorithms and potentially generate returns in real markets. This development is important because it demonstrates a viable model where retail engagement can directly inform institutional trading strategies, potentially leading to more efficient markets.
For more details on this announcement, visit the full press release at https://ibn.fm/nmspF. For the latest news and updates on Perpetuals, see the company's newsroom at https://ibn.fm/PDC.
