Perpetuals.com Ltd. (NASDAQ: PDC) announced that its risk-free trading platform, UpsideOnly, has surpassed 400,000 users across 172 countries, with more than 100,000 new customers joining in under two weeks. The platform, which launched on May 19, has generated over 3.3 million fills, with crypto and commodities accounting for 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 access the platform exclusively via mobile devices.
UpsideOnly allows users to take virtual positions in equity, commodity, forex, and crypto markets without risking their own capital. The platform’s proprietary AI, BayesShield, analyzes user activity to identify trading signals that Perpetuals can act on with its own capital. According to the company, 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 growth underscores the increasing interest in risk-free trading and the potential of AI-driven analytics in the fintech sector. By offering users a way to practice trading without financial risk, Perpetuals is tapping into a broad demographic, particularly in emerging markets where mobile-first usage is prevalent. The platform’s success also provides Perpetuals with a vast amount of data to train its AI, potentially improving its own trading strategies and risk management.
The company’s proprietary trading platform, Kronos X, combines advanced AI and data analysis, trained on billions of trades, to monitor market activity in real time and provide multi-asset coverage with self-clearing blockchain-based settlement. Perpetuals operates a licensed European Multilateral Trading Facility (MTF) infrastructure and its Kronos X platform, with full MiFID II, MiCA, DORA, and EMIR compliance.
For more information, view the full press release at https://ibn.fm/nmspF.
