On January 20, Perpetuals.com (PDC), an AI-driven derivatives trading platform founded by former core members of FTX Europe (FTX EU), officially launched, and its shares began trading on Nasdaq on Tuesday. The platform was co-founded by Patrick Gruhn and Robin Matzke, former co-founders of the Swiss digital asset company Digital Assets, which was acquired by Sam Bankman-Fried in 2021 and renamed FTX EU.
The launch of Perpetuals.com stems from the business integration following Earlyworks Co.'s acquisition of Perpetual Markets Ltd. The company states that its platform offers regulated 24/7 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 lengthy legal process, and quietly developed the Perpetuals platform. Gruhn stated that this process provided the company with an extremely large amount of retail trading data, which was used to train its AI and machine learning systems.
According to reports, Perpetuals' AI system is trained on over 10 million trading records from multiple mainstream crypto exchage. It can analyze collective market sentiment and calculate the profit and loss probabilities of individual traders, helping option issuers and market makers optimize their hedging strategies. The company aims to provide the market with innovative products that replace traditional CFDs (Contracts for Difference) and perpetual contracts, and through AI-enhanced derivatives, reduce the potential losses of retail investors in a trading environment long considered unfair or even predatory.
