COTI and PriveX team up for privacy-centric perpetuals trading

COTI is partnering with PriveX to bring privacy-focused continuous transaction trading to the decentralized finance space.

According to a press release shared with Crypto.news, this collaboration combines COTI’s (COTI) privacy Layer 2 technology with PriveX’s decentralized exchange model, allowing traders to execute strategies with enhanced security.

Privacy-focused perpetual trading allows traders to hold positions without expiration dates, unlike traditional futures contracts. Traders can speculate on asset values ​​such as cryptocurrencies and close their positions at any time, making a profit or loss based on price movements.

Storing sensitive data

Integrated with COTI’s Garbled Circuits cryptographic protocol, the PriveX platform will enable traders to execute their strategies without exposing sensitive data such as trade sizes or stop-loss orders.

This added layer of privacy protects users from market manipulation, a common problem in DeFi, where visible trading strategies can be abused by others.

PriveX will offer up to 60x leverage on a variety of coins, increasing strategic trading opportunities while maintaining fast transaction speeds and competitive fees.

The platform’s unique privacy features, combined with centralized exchange-like liquidity, are set to revolutionize the DeFi trading experience.