Changpeng “CZ” Zhao, founder of Binance
$6.77B
, has suggested a new type of decentralized trading platform that would keep user activity hidden.
His idea is to create a system where trades, deposits, and positions are not visible to the public, which aims to prevent certain trading tactics that exploit exposed data, especially in markets with high leverage.
In a June 2 post on X, Zhao wrote that “now might be a good time for someone to launch a dark pool perp DEX”.
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He explained that it has always seemed strange to him that decentralized exchanges (DEXs) display every order in real time. The issue becomes worse with perpetual futures, financial contracts that do not expire, because they involve more risk and can be targeted more easily.
Zhao also noted a key difference between centralized and decentralized exchanges. Centralized ones hide who is behind each trade, but on decentralized platforms, trades are linked to visible wallet addresses.
The result is that people using these platforms often get worse prices, face more slippage, and pay higher costs. Zhao said this problem could be reduced by building a system where trade information is hidden during the trading process and only shown after everything is settled.
He suggested using encryption tools, such as zero-knowledge proofs, to keep trade data private while still allowing the platform to function properly.
Meanwhile, on May 6, Coinbase
$1.48B
introduced a new payment tool called x402. How does it work? Read the full story.
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.
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