Former FTX Executive Launches “Zero-Capital” AI Trading Platform UpsideOnly
Source:
www.bloomberg.com
According to Bloomberg, Perpetuals.com Ltd., a company led by former FTX Europe executive Patrick Gruhn, launched the AI-powered trading platform UpsideOnly on Tuesday. The platform enables users to crowdsource simulated trades around assets such as oil, gold, and stocks. AI models screen for the most potentially profitable trading signals, which the platform then executes in live trading using its own capital. If a trade is profitable, the platform distributes half of the profits to the traders who provided the effective signals.