Perpetuals.com's UpsideOnly platform reaches 100,000 users
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Perpetuals.com Ltd (Nasdaq: PDC) said its UpsideOnly market prediction platform surpassed 100,000 registered users within weeks of its May 19 launch, according to a company statement.
UpsideOnly allows users to make predictions on equity, commodity, forex, and cryptocurrency markets without placing trades with their own money. Perpetuals trades its own capital based on signals generated by user predictions, using a proprietary AI system called BayesShield. Users who generate winning signals receive a share of the profits; users whose predictions are incorrect face no financial loss.
The company reported the following platform metrics since launch:
- Users from more than 180 countries
- $38.4 billion in cumulative platform volume
- 1,110,385 fills across 25 instruments
- US Crude Oil Futures (WTI) was the most-traded asset, followed by Bitcoin
Perpetuals also said the platform has saved users a combined $28.6 million in potential losses, averaging $1,429 per user who would otherwise have lost money trading independently.
"Reaching 100,000 users this quickly is more than a growth milestone. It is proof that the current model is broken and traders are looking for a better approach," said Patrick Gruhn, CEO of Perpetuals.
Perpetuals.com Ltd is a fintech company with operations in the United States, Europe, and Asia. Its affiliated trading facility, PM MTF Ltd, operates under MiFID II, MiCA, DORA, and EMIR regulatory frameworks in the European Union. Perpetuals holds an option to acquire PM MTF Ltd, which would require change-of-control approval from CySEC if exercised.
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