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. Changpeng Zhao Proposes On-Chain Dark Pool DEX Amid MEV Attacks In a message on the X platform, Binance founder Zhao suggested the creation of an on-chain dark pool decentralized exchange (DEX) with perpetual contracts. While addressing concerns around transparency and its impact on large-scale trades, CZ also outlines the challenges faced by traders on existing DEXs. Thus, he proposed having a dark pool mechanism for DEXs. Interestingly, this proposal comes soon after crypto trader James Wynn faced liquidations on his massive high-leverage Bitcoin bets, losing $100 million in… Read More at Coingape.com

The post Binance’s Changpeng Zhao (CZ) Proposes “Dark Pool” DEX For Crypto Futures, Here’s Why appeared first on CoinGape.

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