Perpetuals.com Ltd. (NASDAQ: PDC) announced that its risk-free trading platform, UpsideOnly, has surpassed 400,000 users across 172 countries, adding more than 100,000 new customers in under two weeks. This milestone underscores the growing demand for innovative trading solutions that allow users to engage with 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 all trading activity. The platform's user base is diverse, with the Philippines, India, Kenya, Nigeria, and the United States leading in user numbers. Notably, 85% of users accessed UpsideOnly exclusively through mobile devices, indicating a strong preference for on-the-go trading.
UpsideOnly enables users to take virtual positions across equity, commodity, forex, and crypto markets. The platform leverages Perpetuals' proprietary AI, BayesShield, which analyzes trading activity to identify 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 rapid user growth and the platform's unique value proposition are significant for the fintech sector. By providing a risk-free environment for users to practice trading, UpsideOnly addresses a key barrier for retail investors: the fear of losing money. Moreover, the AI-driven insights from BayesShield offer a compelling value proposition for both users and the company.
Perpetuals.com is 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. The company's proprietary trading platform, Kronos X, combines advanced AI and data analysis, trained on billions of trades, monitors market activity in real time, 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 adherence is crucial in building trust among users and stakeholders.
For more information on Perpetuals.com and its latest updates, visit the company's newsroom at https://ibn.fm/PDC. To view the full press release, visit https://ibn.fm/nmspF.
