Perpetuals.com Ltd. (NASDAQ: PDC) announced that its risk-free trading platform, UpsideOnly, has surpassed 400,000 users across 172 countries. The platform, which launched on May 19, has added more than 100,000 new customers in under two weeks, indicating a strong adoption rate. According to the company, 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 lead in user numbers, and 85% of users access the platform exclusively through mobile devices.
This milestone is significant for Perpetuals as it validates the demand for risk-free trading experiences. UpsideOnly allows users to take virtual positions across equity, commodity, forex, and crypto markets without risking their own capital. The platform leverages Perpetuals' proprietary AI, BayesShield, which analyzes user activity to identify trading signals that the company can act on using its own capital. A recent backtest of BayesShield replayed approximately 1.07 billion historical order fills over 375 days, generating a hypothetical, non-compounded return of 380% with a maximum drawdown of 27%. This highlights the potential of the AI to enhance trading strategies and risk management.
The rapid growth of UpsideOnly is a testament to the increasing interest in accessible trading tools, especially in emerging markets where mobile-first adoption is high. By providing a platform that allows users to practice trading without financial risk, Perpetuals is positioning itself as a leader in financial education and technology. The data collected through UpsideOnly not only helps users improve their skills but also feeds into BayesShield, creating a symbiotic relationship between user engagement and AI development.
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 proprietary trading 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 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 success of UpsideOnly could have broader implications for the retail trading industry. As more users engage with virtual trading, the insights generated may improve the accuracy of AI models, potentially leading to better trading outcomes for both the company and its users. Moreover, the platform's global reach, particularly in countries like the Philippines and India, underscores the growing demand for financial tools that are accessible on mobile devices. This trend is likely to continue as fintech companies innovate to meet the needs of a digitally native generation.
For more information on this announcement, visit the full press release at https://ibn.fm/nmspF. To stay updated on Perpetuals' latest news, see their newsroom at https://ibn.fm/PDC.
