UpsideOnly Hits 400K Users as Global Demand for Risk-Free Trading Surges
The fintech company Perpetuals.com Ltd has reported significant growth for its risk-free trading platform, UpsideOnly. With users in 172 countries, the platform now boasts over 400,000 customers, a milestone achieved just under two weeks after adding more than 100,000 new users. This rapid expansion is fueled by global demand for UpsideOnly's unique model, which allows users to take virtual positions across various markets without risking their own capital.
The platform has generated over 3.3 million fills since its launch on May 19, with crypto and commodities accounting for nearly 90% of trading activity. Bitcoin and gold lead the way, representing more than 50% of fills. The top five countries using UpsideOnly are the Philippines, India, Kenya, Nigeria, and the United States.
In a significant finding, 85% of users accessed the platform exclusively via mobile devices. Perpetuals' proprietary AI, BayesShield, analyzes user activity to identify strong signals, which informs the company's trades. When these trades are profitable, eligible users can share in the profits without losing their own money.