Former FTX Executive Launches AI Trading Platform 'UpsideOnly' with Zero Capital Requirement

Former FTX Executive Launches AI Trading Platform 'UpsideOnly' with Zero Capital Requirement

2026-05-19 21:43

ChainThink news, May 19: According to Bloomberg, Patrick Gruhn, former European head at FTX, has launched Perpetuals.com Ltd., which has introduced the AI-powered trading platform UpsideOnly.

The platform enables users to crowdsource simulated trades around assets such as oil, gold, and equities. AI models identify the most likely profitable trade signals, which the platform then executes with its own capital in live markets. If the trades generate profits, the platform allocates half of the gains to the traders who provided effective signals.

Disclaimer: Contains third-party opinions, does not constitute financial advice

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