Quick take:
The founders said the platform’s AI model was trained on over 10 million trading histories across multiple crypto exchanges.
Following the collapse of FTX in 2022, the parent of FTX EU, which acquired Digital Assets in 2021, Gruhn and Matzke later acquired the remaining assets of FTX EU to form Perpetuals.
They leveraged FTX EU’s “extremely large dataset of retail trading activity” to train the firm’s AI and machine learning capabilities on.
Perpetuals.com (PDT), an AI-powered derivatives trading platform co-founded by Patrick Gruhn and Robin Matzke, the founders of the Switzerland-based Digital Asset, which they sold to FTX EU, has launched its trading platform to the public.
Following the collapse of FTX, the parent of FTX EU, Gruhn and Matzke, said they worked to acquire the remaining part of FTX EU, which helped make Perpetuals what it is today. According to the report by CoinDesk, the platform leveraged FTX EU’s “extremely large dataset of retail trading activity” to train the firm’s AI and machine learning capabilities.
The founders said the platform’s AI model was trained on over 10 million trading histories across multiple crypto exchanges.
“Prior to the new business combination, Perpetuals developed an AI system that was trained using one of the largest datasets of retail trading behavior ever assembled, analyzing over 10 million individual trading histories across multiple major cryptocurrency exchanges,” Gruhn told CoinDesk in an interview.
The public launch coincides with the Perpetual’s Nasdaq listing and trading, which began on Tuesday, following the acquisition of Perpetual Markets Ltd. by Earlyworks Co.
According to Gruhn, Perpetual aims to help product issuers “create innovative alternatives to the strictly regulated and often predatory Contract for Differences (CFD) and perpetual futures markets.”
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