Perpetuals.com Ltd. (NASDAQ: PDC) has announced that its risk-free trading platform, UpsideOnly, has surpassed 400,000 users across 172 countries. The platform, which launched on May 19, has already generated more than 3.3 million fills, with crypto and commodities accounting for nearly 90% of trading activity. The company revealed that the platform added more than 100,000 new customers in under two weeks, indicating rapid adoption.
The five countries with the most users are the Philippines, India, Kenya, Nigeria, and the United States. Notably, 85% of users accessed the platform exclusively through mobile devices, underscoring the importance of mobile-first design in reaching global audiences. This milestone highlights the growing interest in trading platforms that allow users to participate in financial markets without risking their own capital.
UpsideOnly enables users to take virtual positions across equity, commodity, forex, and crypto markets, providing a risk-free environment for both novice and experienced traders. The platform leverages Perpetuals' proprietary AI, BayesShield, which analyzes user activity to identify trading signals. The company can then act on these signals using its own capital, potentially generating profits from the aggregated insights of its user base.
Perpetuals also reported that a recent backtest of BayesShield replayed approximately 1.07 billion historical order fills over 375 days. The backtest generated a hypothetical, non-compounded return of 380%, with a maximum drawdown of 27%. While these results are hypothetical, they demonstrate the potential of the AI system to identify profitable trading opportunities.
This announcement is significant for the fintech industry as it showcases the integration of AI and crowdsourced trading data. By analyzing the behavior of a large user base, Perpetuals aims to enhance its proprietary trading strategies, potentially leading to more informed risk decisions. The platform's growth also reflects a broader trend toward gamified and educational trading tools that allow users to learn and practice without financial exposure.
Perpetuals.com Ltd. is a fintech company developing AI-powered trading products and prediction markets, with a global footprint across the United States, Europe, and Asia. Its mission is to reduce risk by empowering retail users with intuitive, secure, and efficient trading experiences across multiple asset classes. The company's proprietary trading platform, Kronos X, combines advanced AI and data analysis. The technology is trained on billions of trades, monitors market activity in real time, identifies patterns for trading and risk decisions, and provides multi-asset coverage with self-clearing blockchain-based settlement. The company's licensed European Multilateral Trading Facility (MTF) infrastructure and Kronos X multi-asset exchange platform operate with full MiFID II, MiCA, DORA, and EMIR compliance.
The rapid user growth of UpsideOnly could have significant implications for the trading industry. It suggests a strong demand for risk-free trading solutions, particularly in emerging markets where access to capital may be limited. For traders, the platform offers an opportunity to gain experience and refine strategies without financial risk. For Perpetuals, the data generated by these users provides valuable insights that could strengthen its AI models and trading performance.
For more information on this milestone, the full press release is available at https://ibn.fm/nmspF. The latest news and updates relating to PDC are available in the company's newsroom at https://ibn.fm/PDC.
