Buy Crypto
Pay with
USD
USD
Buy & Sell
Hot
Supports Visa, Mastercard, SEPA & more
P2P
0 Fees
Flexible trading, zero fees
Gate Card
Use your crypto for payments worldwide
P2P Loan
Grow your wealth in fiat investment
Markets
Trade
Basic
Advanced
Futures
Futures
Access hundreds of perpetual contracts
CFD
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Earn
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Pre-IPOs
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Investment
Square
Square
Post, share, and explore crypto trends
Live
moments live
Live crypto market analysis
Chat
Chat with crypto traders
News
What is happening in crypto
flower_head
More
Promotions
AI
Others
CFD
Rewards

Ex-FTX Executive Launches UpsideOnly, AI Trading Platform Trained on 22B Trades, on May 19

GateNews
AI Tools & AppsCommoditiesStocksMetals
XAU-1.5%

According to Bloomberg, Perpetuals.com, led by ex-FTX executive Patrick Gruhn, launched UpsideOnly on May 19, a platform where users submit paper trades without depositing funds while the company shares half of any profits generated. The platform uses an proprietary AI model trained on 22 billion trades to rank signals across assets including oil, gold, and equities.

Gruhn has committed $100 million to trading activity and said Perpetuals is in talks to raise hundreds of millions of dollars. The platform design prioritizes no-deposit requirements, addressing concerns following FTX's 2022 collapse.

View Source
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

Related News

22h ago
Ostium Launches Equity Perpetual Contracts With Official Nasdaq Data Feed
22h ago
Ostium Launches U.S. Stock Perpetual Contracts on Arbitrum Using Nasdaq Official Data on May 19
22h ago
Ostium Launches Nasdaq-Backed Equity Perpetuals on Arbitrum, Hits $50B Trading Volume
05-19 03:37
The Gate CFD contract stock section has launched 53 trading pairs, supporting 4x fixed leverage
05-18 20:14
Ostium Partners with Nasdaq to Launch Onchain Equity Perpetuals on Monday
In-Depth Analysis

Whale With $24.79 Million Track Record Opens $21 Million in Longs Across Bitcoin, Ether, and Dogecoin

Coinpedia9h ago

Trump Discloses 3,500+ Stock Trades in Q1

Lucas Bennett20h ago

Upcomers Integrates cTrader Amid Prop Trading Platform Competition

Lucas Bennett05-18 10:22
Comment
0/400
No comments