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Former FTX Executive Launches Zero-Capital AI Trading Platform

Read original on Bloomberg Technology
#fintech#algorithmic-trading#risk-management

A novel approach to AI-driven trading that claims to eliminate capital risk for users.

30-Second TL;DR

What Changed

Platform allows trading without putting capital at stake

Why It Matters

This model could disrupt retail trading by lowering the barrier to entry while potentially changing how risk is managed in automated trading systems.

What To Do Next

Monitor the platform's public documentation to understand the underlying risk-hedging mechanism for your own algorithmic trading models.

Who should care:Founders & Product Leaders

Key Points

  • •Platform allows trading without putting capital at stake
  • •Developed by former FTX European arm executive Patrick Gruhn
  • •Utilizes AI to execute trades for savvy investors

Deep Insight

Background and context from public sources — not the original article. 4 sources cited.

Enhanced Key Takeaways

  • •The platform, named UpsideOnly, is launched by Perpetuals.com Ltd (Nasdaq: PDC), a company co-founded by Patrick Gruhn and Robin Matzke.
  • •UpsideOnly operates as a risk-free market prediction platform where users submit forecasts across global financial markets (stocks, cryptocurrencies, commodities, forex) without investing their own capital.
  • •Perpetuals.com utilizes its own funds to execute trades based on successful user predictions and shares half of any generated profits with the contributing traders.
  • •The platform aims to counteract the prevalent issue of retail traders losing substantial capital on traditional trading platforms, which Gruhn characterizes as being designed to profit from user losses.

Technical Deep Dive

  • The platform is powered by a proprietary, patent-pending AI named BayesShield AI.
  • BayesShield AI has been trained on over 22 billion executed retail trades, reportedly one of the largest datasets ever used for AI model training in this domain.
  • The algorithm integrates human insights derived from user predictions with machine-scale pattern recognition to generate highly accurate trading signals.
  • Patrick Gruhn's model is capable of calculating the profit and loss probability for individual trades by analyzing collective market sentiment patterns.

Future ImplicationsAI analysis grounded in cited sources

The 'zero-capital, profit-sharing' model could significantly disrupt traditional retail trading platforms.
By eliminating financial risk for users and sharing profits, it directly addresses a major pain point for retail traders who frequently incur losses on conventional platforms.
The platform's explicit criticism of existing trading models may lead to increased regulatory scrutiny on the retail trading industry.
Patrick Gruhn's assertion that many platforms are 'traps' designed for the platform to win when users lose could prompt regulators to investigate ethical and consumer protection aspects of retail trading.

Timeline

2007
Patrick Gruhn sold MagicalWorks, a German web hosting provider.
2011-02
Patrick Gruhn acquired a German Catholic TV network.
2020-07-01
Patrick Gruhn co-founded Digital Assets DA AG (DAAG) in Switzerland.
2021
FTX Group acquired DigitalAssets.AG (DAAG), which was subsequently renamed FTX EU.
2022-03-07
FTX Europe officially launched with Patrick Gruhn as its head.
2023-07-12
FTX bankruptcy filings alleged Patrick Gruhn caused FTX Europe to misappropriate funds.
2025-01-07
Patrick Gruhn repurchased FTX Europe and later sold it to Backpack Exchange.
2026-01-20
Patrick Gruhn and Robin Matzke launched Perpetuals.com (PDC), an AI-driven derivatives trading platform, with shares listed on Nasdaq.
2026-05-19
Perpetuals.com Ltd launched UpsideOnly, a risk-free trading and market prediction platform.
Read original article on Bloomberg Technology

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