Patrick Gruhn has introduced UpsideOnly, a new AI-powered platform for trading. The platform is being advertised with the bold claim that users are guaranteed to not lose money.
Before launching this new product, Gruhn was in charge of FTX Europe. Right now, people are focusing more on his previous role than on what the product actually does.
An FTX-Built Engine Inside a ‘No Loss’ Pitch
UpsideOnly lets users practice trading oil, gold, stocks, and cryptocurrencies with virtual money. An internal system then selects the trades it believes have the highest chance of success.
Perpetuals.com, the company whose stock is traded on the Nasdaq, executes those trades using its own funds. The people who develop the trading signals are said to earn 50% of any resulting profits, but aren’t responsible for any losses.
People don’t simply participate in markets; they respond to how those markets are functioning. Often, this isn’t about a trader’s expertise, but rather how the market itself is structured. That’s why Perpetuals took a different approach – by viewing markets as systems that can be built, evaluated, and refined. Once you see markets this way, it’s clear where the real problems lie. Much of what’s considered ‘risk’ is actually due to inadequate market infrastructure, according to Gruhn in a recent post.
The key to understanding BayesShield AI lies in its training data. It learned from over 11 billion past trades made by customers of FTX Europe, data that was recovered before the company failed in 2022.
The engine behind a “no loss” product runs on data from a venue where many users did lose.
A Founder Still Tied to FTX’s Collapse
Before the collapse of FTX, Gruhn led the company’s operations in Europe. Following the exchange’s failure and the billions of dollars in customer losses, he has said he didn’t know about any fraudulent activity at the main FTX company.
He’s now presenting Perpetuals.com as a safe, regulated option, and UpsideOnly as the part customers will directly interact with.
Critics point out that the term “no loss” only applies to the user’s experience. The company issuing the product takes on all the losses itself.
Perpetuals.com is currently valued at around $22 million, but it has been losing money for a while now. Some investors worry this means the company doesn’t have as much financial stability as it claims.
UpsideOnly is now open for pre-registration, and will be widely available later in 2026. How well it’s adopted by shoppers might depend more on overcoming past issues related to FTX than on the AI technology itself.
Read More
- Best Controller Settings for ARC Raiders
- Meet the cast of Good Omens season 3: All the actors and characters
- Mark Zuckerberg & Wife Priscilla Chan Make Surprise Debut at Met Gala
- Review: Final Fantasy Tactics: The Ivalice Chronicles (PS5) – Still the Benchmark for Turn-Based Tactics
- Nippon Sangoku Is The Best New Post-Apocalyptic Anime of Spring 2026
- 10 Greatest Manga Endings of All Time
- The Witcher 3 Officially Reveals Stunning New Ciri Figure Coming 2026
- The WONDERfools ending explained: What happened to the Child of Eternity?
- 7 Great Marvel Villains Who Are Currently Dead
- FRONT MISSION 3: Remake coming to PS5, Xbox Series, PS4, Xbox One, and PC on January 30, 2026
2026-05-19 18:27