Perpetuals.com Ltd. (NASDAQ: PDC) announced that its risk-free paper trading platform, UpsideOnly, surpassed 600,000 registered users on September 26, doubling its user base after reaching its first 300,000 users in three months. The second 300,000 users joined over 38 days, averaging nearly 7,900 daily sign-ups. As of September 30, UpsideOnly had users in 172 countries, more than 3.8 million simulated fills, and over $95 billion in traded fill notional using virtual money. This rapid growth underscores the platform's global appeal and the increasing demand for risk-free ways to engage with financial markets.
UpsideOnly allows users to make financial-market predictions and take virtual positions without risking their own capital. Perpetuals said its BayesShield AI analyzes trading behavior to identify signals and patterns that the company can use when deploying its own capital, with half of resulting profits shared with users whose predictions contributed to those outcomes. This innovative model not only incentivizes user participation but also provides Perpetuals with valuable data to inform its proprietary trading strategies, potentially enhancing returns for the company and its shareholders.
The milestone is significant for Perpetuals.com, a fintech company developing AI-powered trading products and prediction markets, with a global footprint across the United States, Europe, and Asia. Its mission is to reduce risk by empowering retail users with intuitive, secure, and efficient trading experiences across multiple asset classes. Perpetuals's proprietary trading platform, Kronos X, combines advanced AI and data analysis. The technology is trained on billions of trades, monitors market activity in real time, identifies patterns for trading and risk decisions, and provides multi-asset coverage with self-clearing blockchain-based settlement. 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. This regulatory compliance positions Perpetuals to expand its offerings across jurisdictions, which could drive further user adoption and revenue growth.
The surge in UpsideOnly users highlights a broader trend: retail investors are increasingly seeking platforms that allow them to test strategies without financial risk. By capturing this demand, Perpetuals may be able to convert these users into paying customers for its other products, such as Kronos X, once they are ready to trade with real capital. The company's ability to monetize user predictions through BayesShield AI also presents a novel revenue stream. As of now, the platform's growth trajectory suggests that Perpetuals is well-positioned to capitalize on the growing interest in AI-driven trading solutions.
Investors and industry watchers should note that Perpetuals.com is publicly traded on NASDAQ under the ticker PDC. For more details, the full press release is available at https://ibn.fm/vEfhL. The latest news and updates relating to PDC can be found in the company's newsroom at https://ibn.fm/PDC. This announcement was distributed through Web3MediaWire, a specialized communications platform focused on next-generation internet technologies. Web3MediaWire is part of the Dynamic Brand Portfolio at IBN, which provides access to a vast network of wire solutions via InvestorWire and other services. As Perpetuals continues to innovate, its performance could influence the broader fintech and trading platform sector, making it a stock to watch.
