Former FTX EU Team Launches AI Derivatives Platform Perpetuals com
BlockBeats News, January 20th, AI-driven derivative trading platform Perpetuals com (PDC), founded by former FTX Europe (FTX EU) core members, officially debuted on Tuesday with its stock trading on Nasdaq. The platform was co-founded by Patrick Gruhn and Robin Matzke, who were former co-founders of Swiss digital asset company Digital Assets, which was acquired by Sam Bankman-Fried in 2021 and rebranded as FTX EU.
The launch of Perpetuals com followed the business integration of Perpetual Markets Ltd. after its acquisition by Earlyworks Co. The company stated that its platform offers regulated 7x24-hour self-clearing trading and blockchain-based settlement technology.
Following the bankruptcy of FTX's parent company, Gruhn and Matzke successfully repurchased the remaining assets of FTX EU after a long legal process and quietly developed the Perpetuals platform. Gruhn mentioned that this process provided the company with a vast amount of retail trading data used to train its AI and machine learning systems.
Perpetuals' AI system is reportedly trained on over 10 million trade histories from multiple mainstream crypto exchanges, allowing it to analyze market sentiment and calculate individual traders' probability of profit and loss to help options issuers, market makers, and others optimize hedging strategies. The company aims to provide innovative products to the market as an alternative to traditional CFDs (Contract for Difference) and perpetual contracts, using AI-enhanced derivatives to reduce retail investors' potential losses in a long-standing environment seen as unfair or even predatory through AI-enhanced derivatives.
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