Opinion: As an analyst, I am excited about bringing privacy-centric perpetual trading to decentralized finance. This collaboration combines COTI’s (COTI) privacy Layer 2 technology with PriveX’s decentralized exchange model, enabling traders to execute strategies with enhanced security, according to a press release shared with [crypto.news](https://cryptonews.com/).
COTI is teaming up with PriveX to introduce private, continuous contract trading for decentralized finance
As a researcher delving into the dynamic world of cryptocurrencies, I am thrilled about the synergistic partnership that unites COTI‘s Layer 2 privacy technology with PriveX’s decentralized exchange framework. This collaboration promises to elevate the security levels for traders, empowering them to execute strategies more securely, as suggested in a recent press release I’ve come across at crypto.news
In privacy-focused perpetual trading, traders keep their investments open-ended, unlike the time-bound nature of conventional future contracts. This setup enables them to guess the value of assets, like digital currencies, and cash out whenever they desire, earning profits or incurring losses based on price fluctuations
Safekeeping of sensitive data
Using COTI‘s Garbled Circuits encryption method within the PriveX platform, traders can confidently carry out their trading strategies while keeping confidential details such as trade quantities and stop-loss levels hidden from disclosure
By incorporating this extra level of secrecy, we safeguard users from potential market manipulation – a problem often seen in Decentralized Finance (DeFi), as hidden trading tactics can be abused by others due to the transparency of typical DeFi transactions
PriveX provides a maximum boost of 60 times on multiple currencies, expanding your trading advantages with swift deal executions and affordable rates
The special privacy elements built into this platform, along with its exchange-like access to liquidity, are set to significantly transform your decentralized finance trading encounters
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2024-09-05 18:30