TechFlow News, May 19: According to Bloomberg, Perpetuals.com Ltd., a company founded by former FTX Europe executive Patrick Gruhn, launched the AI-powered trading platform UpsideOnly on Tuesday. The platform enables users to engage in crowdsourced simulated trading around assets such as oil, gold, and stocks. AI models screen for the most potentially profitable trading signals, which the platform then executes as real trades using its own capital. If a trade is profitable, the platform distributes half of the profits to the traders who provided the effective signals.
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