Binance founder Changpeng Zhao (CZ) proposes creating an on-chain dark pool DEX for crypto futures trading after recent concerns about privacy and market manipulation.
Current DEXs expose traders to front-running, MEV attacks, and coordinated liquidations due to real-time visibility of trades.
CZ suggests implementing concealed order books and zero-knowledge proofs for privacy, aiming to enable institutional-grade DeFi trading.
Experts view CZ's proposal positively, emphasizing the need for trustless, secure, and private decentralized exchanges for crypto futures trading.