Binance CEO Changpeng Zhao (CZ) has proposed the development of a dark pool perpetual decentralized exchange (DEX) to address concerns about transparency in existing cryptocurrency trading platforms. His suggestion comes as large-volume traders have raised alarm bells regarding the lack of privacy on currently popular DEXs, particularly for perpetual trading contracts, where liquidations can be detrimental. CZ believes this issue is compounded by traditional dark pools used in financial markets, which allow for private trading without significantly affecting market prices. In a recent statement, he expressed concern that the current high visibility of orders on existing DEXs could lead to MEV attacks (Miner Extractable Value), causing slippage and unfavorable prices. He proposes concealing order placement on a dark pool-style DEX for perpetual contracts through advanced encryption technologies like zero-knowledge proofs, aiming to prevent market manipulation and ensure greater privacy for large traders. CZ believes that such an exchange would offer privacy without compromising liquidity for institutions or high-volume traders seeking anonymity. The proposal aligns with growing interest in privacy-centric DeFi markets, particularly as the crypto community explores ways to enhance transparency within decentralized finance. Industry experts have welcomed this idea, with some even envisioning a revolutionized version of DEXes that offer both privacy and liquidity. ** The post Binance CZ Advocates for Dark Pool Perpetual DEX Amid Transparency Concerns appeared first on TheCoinrise.com.