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Former FTX executive launches zero-capital AI trading platform UpsideOnly

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A former FTX Europe executive, Patrick Gruhn, has launched UpsideOnly, an AI-powered trading platform operated by Perpetuals.com Ltd. The platform allows users to participate in crowd-sourced simulated trades on assets such as oil, gold, and stocks. AI models identify the most promising trading signals, and the platform executes real trades using its own capital. Signal providers receive 50% of the profits when trades are successful. Initial trading activity demonstrates strong interest in the platform’s unique model.

ChainThink reports that on May 19, according to Bloomberg, Patrick Gruhn, former executive of FTX's European division, launched the AI trading platform UpsideOnly through his company Perpetuals.com Ltd.

The platform allows users to crowdsource simulated trades on assets such as oil, gold, and stocks. AI models identify the most likely profitable trading signals, which the platform then executes as real trades using its own capital. If a trade generates a profit, the platform distributes half of the earnings to the traders who provided the effective signals.

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