PANews reported on January 20th that Patrick Gruhn and Robin Matzke, former co-founders of FTX's EU trading business, launched Perpetuals.com (PDC), an AI-driven derivatives trading platform. Its shares will begin trading on Nasdaq this Tuesday. The platform utilizes an AI system trained on over 10 million cross-exchange trading histories, aiming to provide product issuers with innovative alternatives to optimize the traditional CFD and perpetual contract markets.

Gruhn stated that his model can calculate the profit and loss probability of a single trade by analyzing collective market sentiment patterns, allowing financial market participants such as option issuers or market makers to optimize their hedging strategies. This entity was formed after Earlyworks Co. acquired Perpetual Markets Ltd., providing regulated 24/7 self-clearing and blockchain-based settlement technology. Gruhn and Matzke previously founded Digital Assets, which was acquired by FTX in 2021 and renamed FTX EU. After FTX's bankruptcy, they bought back the remaining assets and secretly developed this platform.