Perpetuals.com Ltd. (NASDAQ: PDC) has announced that its risk-free trading platform, UpsideOnly, has surpassed 400,000 users across 172 countries. This milestone comes after the platform added more than 100,000 new customers in under two weeks, signaling rapid adoption of its unique offering that allows users to trade without risking their own capital.
Since its launch on May 19, users have generated over 3.3 million fills on the platform. Crypto and commodities trading account for nearly 90% of all activity, reflecting strong interest in these asset classes. The Philippines, India, Kenya, Nigeria, and the United States are the top five countries by user count, and notably, 85% of users access the platform exclusively via mobile devices, underscoring the importance of mobile-first design in emerging markets.
UpsideOnly enables users to take virtual positions across equity, commodity, forex, and crypto markets. The platform is powered by Perpetuals' proprietary AI, BayesShield, which analyzes user activity to identify trading signals that the company can then act on using its own capital. This approach not only provides a risk-free experience for users but also leverages collective intelligence to inform Perpetuals' trading strategies.
Perpetuals recently conducted a backtest of BayesShield, replaying approximately 1.07 billion historical order fills over a 375-day period. The backtest generated a hypothetical, non-compounded return of 380%, with a maximum drawdown of 27%. While these results are hypothetical, they suggest the potential effectiveness of the AI in identifying profitable trading patterns, which could be a significant value proposition for the company.
This growth is particularly relevant as retail investors increasingly seek ways to engage with financial markets without bearing full downside risk. Platforms like UpsideOnly could democratize access to trading strategies, allowing users to participate and learn without financial loss. For Perpetuals, the data generated from millions of virtual trades provides a rich dataset to train its AI systems, potentially improving its proprietary trading platform, Kronos X.
Perpetuals.com is a fintech company developing AI-powered trading products and prediction markets, with operations across the United States, Europe, and Asia. Its flagship 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 offers multi-asset coverage with self-clearing blockchain-based settlement and operates under licensed European Multilateral Trading Facility (MTF) infrastructure, ensuring compliance with MiFID II, MiCA, DORA, and EMIR regulations.
The surge in UpsideOnly's user base could have broader implications for the fintech industry, as it demonstrates a viable model for engaging retail traders while simultaneously generating actionable insights. As Perpetuals continues to expand its global footprint, the company's ability to convert virtual trading behavior into real-world strategies may set a precedent for AI-driven trading platforms.
For more information, visit the full press release at https://ibn.fm/nmspF and the company's newsroom at https://ibn.fm/PDC.
