Former FTX Executive Launches Crowdsourced 'Simulated Trading Strategy' AI Trading Platform UpsideOnly

BlockBeats News, May 19th. According to Bloomberg, former FTX Europe executive Patrick Gruhn's company launched the UpsideOnly platform on Tuesday. The platform converts crowdsourced "paper trading strategies" into shared real-money gains: the system only uses company funds to execute trades. Investors submit "paper trades" to predict the future prices of assets such as oil, gold, and stocks.

Subsequently, an AI model will filter out the most profitable strategies, which the company will then execute real trades with its own funds. Once the trades are profitable, the company will allocate half of the profits to the traders who provided effective signals.