The former FTX EU team launched the AI crypto derivatives platform Perpetuals, which is set to debut on Nasdaq this week

According to CoinDesk, the AI-driven derivatives trading platform Perpetuals com (PDC), founded by former core members of FTX Europe (FTX EU), has officially launched, with its stock beginning trading on Nasdaq on Tuesday. The platform was co-founded by Patrick Gruhn and Robin Matzke, who were co-founders of the 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 the business integration following Earlyworks Co.'s acquisition of Perpetual Markets Ltd. The company stated that its platform offers regulated 24/7 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 stated that this process provided the company with a vast amount of retail trading data to train its AI and machine learning systems.

It is reported that Perpetuals' AI system is trained on over 10 million transaction histories from multiple mainstream crypto exchanges, capable of analyzing market sentiment and calculating the profit and loss probabilities of individual traders, helping option issuers, market makers, and others optimize their hedging strategies. The company's goal is to provide the market with innovative products that serve as alternatives to traditional CFDs (Contracts for Difference) and perpetual contracts, and to reduce potential losses for retail traders in a trading environment that has long been considered unfair and even predatory through AI-enhanced derivatives.