Former FTX EU Team Launches AI Derivatives Platform Perpetuals

On January 20, AI-powered derivatives trading platform Perpetuals.com (PDC) — founded by former core members of FTX Europe (FTX EU) — officially launched, with its shares beginning trading on the Nasdaq exchange Tuesday. The launch follows the business integration of Perpetual Markets Ltd. into Earlyworks Co. The platform offers regulated 24/7 self-clearing trading and blockchain-powered settlement technology, per the company. Following the bankruptcy of FTX’s parent company, Patrick Gruhn and Robin Matzke repurchased FTX EU’s remaining assets via a lengthy legal process and quietly built the Perpetuals platform. Gruhn noted the process yielded massive retail trading data, which the company used to train its AI and machine learning systems. Perpetuals’ AI system is trained on more than 10 million transaction histories from major crypto exchanges, enabling it to analyze market sentiment and calculate individual traders’ profit/loss probabilities. This helps options issuers, liquidity providers, and others optimize hedging strategies. The company aims to launch innovative products as alternatives to traditional CFDs (Contract for Difference) and perpetual contracts, while using AI-enhanced derivatives to cut potential losses for retail traders in a long-standing environment seen as unfair or predatory.