At the European arm of failed crypto exchange FTX, Patrick Gruhn watched as traders repeatedly lost money on risky bets. Now, he’s launching a product where the savviest investors can turn a profit — even while putting zero capital at stake.
Perpetuals.com Ltd. on Tuesday launched UpsideOnly, a platform that turns crowdsourced paper-trading strategies into shared real-money profits by executing bets with only the company’s capital. Investors place fake trades that predict the future price of assets like oil, gold and equities, after which an artificial intelligence model chooses the ones that are most likely to result in profit. The ...
