Perpetuals.com Ltd. (NASDAQ: PDC), a fintech company specializing in AI-powered trading products, announced that its risk-free trading platform UpsideOnly has surpassed 400,000 users across 172 countries. The platform added more than 100,000 new customers in under two weeks, reflecting a surge in adoption since its launch on May 19. Users have 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 accessed the platform exclusively via mobile devices.
UpsideOnly allows users to take virtual positions across equities, commodities, forex, and crypto markets without risking their own capital. The platform's proprietary AI, BayesShield, analyzes user trading activity to identify signals that Perpetuals can act on using its own capital. The company reported that a recent backtest of BayesShield replayed approximately 1.07 billion historical order fills over 375 days, yielding a hypothetical, non-compounded return of 380% with a maximum drawdown of 27%. This data suggests that the AI can generate substantial returns from retail trading behavior, which could inform the company's proprietary trading strategies.
This growth underscores the increasing interest in risk-free trading and the potential of AI to monetize retail trading insights. Perpetuals' platform not only attracts users by eliminating financial risk but also leverages their collective behavior to generate trading signals. The success of UpsideOnly could signal a broader trend in fintech, where platforms offer simulated environments to gather data and refine algorithms for real-market trading.
Perpetuals.com operates globally with a presence in the United States, Europe, and Asia. Its proprietary trading platform, Kronos X, integrates advanced AI and data analysis, trained on billions of trades, to monitor market activity in real time and support multi-asset coverage with self-clearing blockchain-based settlement. The company also operates a licensed European Multilateral Trading Facility (MTF) with full compliance under MiFID II, MiCA, DORA, and EMIR regulations.
The rapid adoption of UpsideOnly could have significant implications for Perpetuals' business model. By accumulating a large user base, the company gains access to vast amounts of trading data, which can be used to refine BayesShield's predictive capabilities. The backtest results indicate that the AI could achieve high returns, but it remains to be seen how these signals perform in live markets. The platform's mobile-first nature also aligns with the growing trend of retail trading via smartphones, especially in emerging markets like the Philippines and Nigeria.
As Perpetuals continues to expand its user base, it may attract more attention from investors and partners interested in AI-driven trading solutions. The company's commitment to regulatory compliance in Europe positions it well for future growth in the region. However, the sustainability of its growth and the real-world effectiveness of BayesShield will be critical factors to watch.
For more information on Perpetuals.com and its offerings, visit the company's newsroom at https://ibn.fm/PDC.
