- CZ’s proposal could influence decentralized exchange models.
- Aims to enhance trader privacy.
- CZ remains an influential voice in crypto.

Changpeng Zhao, former CEO of Binance, proposed developing a dark pool perpetual decentralized exchange on social media platform X, aiming to bolster privacy in crypto trading.
CZ’s proposal for a dark pool perpetual DEX could reshape decentralized trading by addressing privacy concerns and elevating trader security.
On June 1-2, 2025, Changpeng Zhao emphasized the importance for decentralized exchanges to integrate dark pool mechanisms for improved trading privacy. His statements suggest a shift towards decentralized exchanges prioritizing privacy and security.
Binance’s founder remains influential, advocating for innovative systems in the crypto space. Zhao’s comments, like his suggestion that “Decentralized exchanges should consider adopting dark pools,” target privacy issues, presenting a vision that could alter existing DEX frameworks. The absence of institutional funding to support dark pool perp DEX development hasn’t dampened market curiosity.
The notion of a dark pool perp DEX impacts the perception of cryptocurrencies like ETH, BTC, and BNB, which are significant in decentralized trading. Industry players anticipate potential shifts in trading methodologies following such declarations.
Should a dark pool DEX materialize, it may challenge existing decentralized perpetual exchanges. Changpeng Zhao’s influence and vision continue to guide transformative discussions among developers and market participants in the crypto sector.
Long-standing issues in privacy and trading models in crypto markets gain renewed focus by Zhao’s remarks. The proposed improvements draw from existing dark pool models in traditional finance, yet face unique challenges in DeFi adoption.
Insights suggest that if a dark pool perp DEX gains traction, it could redefine decentralized trading norms. The debate centers on regulatory acceptance and technological integration, with no current strategic plans confirmed. Zhao’s proposals have already sparked significant discussions among crypto advocates.