#Binance’s Changpeng Zhao (CZ) Proposes “Dark Pool” DEX For Crypto Futures, Here’s Why

Citing need for enhanced privacy, Binance founder Changpeng Zhao proposed the creation of on-chain dark pool DEX for perpetual futures trading

Highlights

Changpeng Zhao highlighted vulnerabilities in traditional DEXs, including front-running, MEV attacks, and market manipulation.

He emphasized that transparency in order visibility can expose traders to exploitation, leading to higher costs and risks.

This suggestion follows the recent $100 million loss by crypto trader James Wynn.

Zhao proposed key features for a dark pool DEX, including concealed order books, delayed visibility of deposits, and advanced cryptographic techniques.

Binance found that Changpeng Zhao (CZ) has demanded the formation of a dark pool perpetual decentralized exchange (DEX) for trading crypto futures. CZ calls it the need for greater privacy for traders using DEXs. Interestingly, this call comes after the recent James Wynn liquidation saga, wherein he said that he’s exposed the corrupt system after losing $100 million over the past week.