Sat, June 7

PriveX Launches on COTI to Deliver Private Perps Trading

PriveX Launches on COTI to Deliver Private Perps Trading Blockchain News
  • PriveX uses these features to provide a completely decentralized trading experience that is comparable to CEX.
  • PriveX facilitates both manual and agent-executed autonomous trading, and it runs on private infrastructure to shield customers from abuse.

In order to provide intent-based trading with privacy at its heart, PriveX has officially launched on COTI. The perpetual decentralized exchange, or Perp-DEX, is intended to accommodate new on-chain applications, such as autonomous AI agents-assisted trading.

With the release of PriveX, COTI’s mainnet gains a potent primitive that enables users to trade perps markets and benefit from the network’s fundamental privacy features. PriveX uses these features to provide a completely decentralized trading experience that is comparable to CEX.

PriveX facilitates both manual and agent-executed autonomous trading, and it runs on private infrastructure to shield customers from abuse, including front-running. Liquidity is dynamically sourced via its intent-based execution mechanism in response to trader instructions. After that, PriveX opens the position, keeps an eye on the market, and executes the trade when the circumstances are right. A Symmio-powered backend solver network manages execution and obtains liquidity from a variety of centralized and decentralized sources, such as Binance.

PriveX is the first DEX to use Garbled Circuits, using COTI’s privacy layer to provide a smooth and safe trading experience. PriveX guarantees that trading conduct remains concealed, safeguarding strategies and minimizing slippage, in contrast to typical DEXs that publicly reveal every move prior to execution. Consequently, users may trade more over 300 pairs with on-chain anonymity, intent-based liquidity, and institutional-grade execution.

In honor of its debut on the COTI mainnet, PriveX has started an early adopter reward program. In order to be eligible for next airdrops and future ecosystem benefits, traders must acquire both PriveX points and SYMM tokens. An upcoming trading competition will expand the rewards pool, and users who deposit at least $250 into PriveX will get 1,000 PriveX points.

PriveX is working on additional services, including as an AI agents portal that will let users to benefit from advanced trading methods, now that its perp DEX is operational on COTI. In order to improve user experience and safeguard proprietary trading techniques, it will also further incorporate COTI’s privacy measures.

The next-generation DeFAI platform Privex was developed at the nexus of intent-based execution, privacy, and artificial intelligence. It allows users to trade on the integrated DEX with CEX-grade liquidity and deploy autonomous trading agents—all of which are completely private and permissionless. With the help of Symmio’s sophisticated settlement infrastructure and COTI’s privacy layer, Privex establishes a smooth environment in which users maintain complete control, agents behave autonomously, and strategies are tokenized. It is the cornerstone of a new age of censorship-resistant, intelligent, and composable finance.

The cutting-edge cryptographic technology Garbled Circuits powers COTI, the quickest and lightest privacy layer in Web 3. By launching the most cutting-edge and compliant solution for public blockchain data security, COTI opens the door for the next wave of Web3 innovation and uptake. A whole new range of use cases, including as decentralized identity, DeFi, AI, and confidential transactions are made possible by COTI.

A trader himself, Rossi has 7 years of experience trading in the forex market and the passion for writing has brought him to Newscrypto. He is the perfect combination of market knowledge and writing skills, making him one of the most sought-after writers on cryptocurrency.