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 achieved this milestone after adding more than 100,000 new customers in under two weeks. This rapid user growth underscores the increasing appeal of platforms that allow retail traders to engage with financial markets without risking their own capital.
Since its launch, users on UpsideOnly have generated more than 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. Notably, 85% of users accessed the platform exclusively through mobile devices, highlighting the importance of mobile-first design in reaching global retail traders.
UpsideOnly enables users to take virtual positions across equity, commodity, forex, and crypto markets, providing a realistic trading experience without financial risk. The platform is powered by Perpetuals' proprietary AI, BayesShield, which analyzes user activity to identify trading signals that the company can act on using its own capital. Perpetuals stated that 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 demonstrates the potential of the AI to generate profitable trading strategies.
The significance of this announcement lies in the validation of Perpetuals' business model, which leverages user engagement on a risk-free platform to generate actionable market intelligence. By attracting a large and diverse user base, the company can gather vast amounts of trading data that informs its proprietary AI and enhances its own trading operations. This approach not only drives user acquisition but also creates a competitive advantage in the fintech sector.
Perpetuals.com Ltd. is a fintech company developing AI-powered trading products and prediction markets, with operations 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 ensures compliance with MiFID II, MiCA, DORA, and EMIR regulations.
For more information about Perpetuals and its latest news, visit the company's newsroom at https://ibn.fm/PDC. To view the full press release, see https://ibn.fm/nmspF.
