The former FTX EU team launched the AI derivatives platform Perpetuals

BlockBeats News, January 20 — Perpetuals.com (PDC), an AI-driven derivatives trading platform founded by former core members of FTX Europe (FTX EU), officially launched, with its stock beginning trading on Nasdaq on Tuesday. The platform was co-founded by Patrick Gruhn and Robin Matzke, who were former co-founders of 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 business integration following the acquisition of Perpetual Markets Ltd. by Earlyworks Co. The company states that its platform offers regulated 7×24 self-clearing trading and blockchain-based settlement technology.

After 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 mentioned that this process provided the company with an enormous amount of retail trading data, used to train its AI and machine learning systems.

According to reports, Perpetuals’ AI system is trained on over 10 million trading histories from multiple mainstream crypto exchanges, capable of analyzing market sentiment and calculating the profit and loss probability of individual traders, helping options issuers, market makers, and others optimize hedging strategies. The company’s goal is to provide the market with innovative products that replace traditional CFDs (Contracts for Difference) and perpetual contracts, and to reduce potential losses for retail traders in a long-term trading environment often considered unfair or even predatory, through AI-enhanced derivatives.