Binance co-founder CZ proposes dark pool DEXs to tackle manipulation

Binance co-founder Changpeng “CZ” Zhao proposed launching a dark pool perpetual DEX to protect large traders from front-running and MEV attacks.

Update (June 2 at 3:33 pm UTC): This article has been updated to incorporate comments from Li.Fi’s Philipp Zentner and StealthEX’s Maria Carola.

Binance co-founder Changpeng “CZ” Zhao proposed creating a dark pool perpetual swap decentralized exchange (DEX) to prevent market manipulation.

In a June 1 X post, Zhao said that he has “always been puzzled with the fact that everyone can see your orders in real-time on a DEX.”

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