Perpetuals.com Ltd. (NASDAQ: PDC) announced that its risk-free trading platform, UpsideOnly, has surpassed 400,000 users across 172 countries, after adding more than 100,000 new customers in under two weeks. This milestone underscores the growing appeal of trading platforms that allow users to participate in financial markets without risking their own capital.
Since its launch on May 19, users have generated over 3.3 million fills, with crypto and commodities representing nearly 90% of trading activity. The platform's user base is concentrated in the Philippines, India, Kenya, Nigeria, and the United States, with 85% of users accessing the platform exclusively through mobile devices. This mobile-first adoption pattern suggests that UpsideOnly is effectively reaching retail traders in emerging markets where smartphone usage is predominant.
UpsideOnly enables users to take virtual positions across equity, commodity, forex, and crypto markets. The platform employs Perpetuals' proprietary AI, BayesShield, which analyzes user activity to identify trading signals that the company can act on using its own capital. This innovative approach allows Perpetuals to leverage user behavior data to inform its own trading strategies.
Perpetuals disclosed that 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%. While these backtested results are not indicative of future performance, they highlight the potential of the AI system to generate significant returns.
The rapid user growth and the platform's global reach indicate a strong demand for trading solutions that provide educational and engagement opportunities without financial risk. For retail traders, UpsideOnly offers a sandbox-like environment to practice trading strategies and gain market insights. For Perpetuals, the platform serves as a data-rich source for training its AI models and identifying market trends.
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 platform operate with compliance to MiFID II, MiCA, DORA, and EMIR regulations.
The surge in UpsideOnly's user base is a testament to the increasing interest in AI-driven trading tools and the broader trend of democratizing access to financial markets. As the platform continues to expand, it could reshape how retail traders engage with global markets and how companies like Perpetuals harness collective user data to refine their trading algorithms.
For more information, visit the full press release at https://ibn.fm/nmspF and Perpetuals' newsroom at https://ibn.fm/PDC.
