COTI is partnering with PriveX to bring privacy-centric perpetuals trading to decentralized finance.
This collaboration combines COTI’s (COTI) privacy Layer 2 technology with PriveX’s decentralized exchange model, enabling traders to execute strategies with enhanced security, according to a press release shared with crypto.news.
Privacy-centric perpetuals trading allows traders to hold positions without an expiration date, unlike traditional futures contracts. Traders can speculate on asset values, such as cryptocurrencies, and close their positions at will, profiting or losing based on price movements.
You might also like: Alan Howard’s son secures $25m for crypto venture fund
Safekeeping of sensitive data
PriveX’s platform, integrated with COTI’s Garbled Circuits cryptographic protocol, will ensure that traders can execute strategies without exposing sensitive data, like trade sizes or stop-loss orders.
This added layer of confidentiality protects users from market manipulation, a common issue in DeFi where visible trading strategies can be exploited by others.
PriveX will offer up to 60x leverage on various coins, enhancing strategic trading opportunities while maintaining fast transaction speeds and competitive fees.
The platform’s unique privacy features, combined with centralized exchange-like liquidity, are poised to revolutionize the DeFi trading experience.
You might also like: Bybit launches exchange-backed staking token on Solana
