PriveX launches on COTI to offer private perps trading
PriveX, a privacy-first perpetual decentralized exchange (Perp-DEX), has officially launched on the COTI mainnet, as per reports shared with Finbold on Wednesday, June 4. The platform combines intent-based trading execution with private infrastructure to support both manual traders and autonomous AI agents. The launch brings a new DeFi primitive to COTI’s ecosystem, with PriveX aiming to offer a centralized exchange (CEX)-like experience on fully decentralized rails. Intent-based trading At the heart of PriveX is an intent-based execution system designed to dynamically match trader instructions with available liquidity, whether sourced from decentralized exchanges or major centralized venues like Binance. Execution is handled by Symmio’s solver network, while trade visibility is protected using COTI’s Garbled Circuits privacy layer. This setup ensures strategies remain hidden until execution, reducing slippage and front-running risk. Shahaf Bar-Geffen, CEO...