Hassan Maishera
PriveX announced on Wednesday, June 4th, that it has officially launched on COTI to deliver intent-based trading with privacy at its core.
In a press release shared with Cryptowisser, the team said the perpetual decentralized exchange (Perp-DEX) is designed to support emerging on-chain use cases, including autonomous trading by AI agents.
PriveX’s launch introduces a powerful primitive to COTI’s mainnet, allowing users to trade perps markets while taking advantage of the network’s core privacy technology. The platform leverages these capabilities to provide a CEX-like trading experience that’s built on a fully decentralized architecture.
According to the team, Privex supports manual trading as well as autonomous trading executed by agents. Its intent-based execution system dynamically sources liquidity based on the trader’s instructions.
After sourcing for liquidity, PriveX opens the position, monitors market conditions, and fulfills the trade when conditions align. Execution is handled by a backend solver network powered by Symmio, which sources liquidity from a mix of centralized and decentralized venues, including Binance.
While commenting on this launch, Shahaf Bar-Geffen, CEO of COTI, said,
“PriveX exemplifies the kind of innovation we’re enabling at COTI, where privacy, performance, and AI come together to serve real-world trading needs. This launch is a major step forward for COTI and for DeFi as a whole.”
PriveX is the first DEX to be powered by Garbled Circuits, and it leverages COTI’s privacy layer to deliver a seamless and secure trading experience. Furthermore, PriveX ensures that trader behavior stays hidden, protecting strategies and reducing slippage. As a result, users can trade over 300 pairs with institutional-grade execution, intent-based liquidity, and on-chain privacy.
To celebrate this launch, PriveX has unveiled a reward program for early adopters. Traders can earn both PriveX points and SYMM tokens, which will determine their eligibility for forthcoming airdrops and future ecosystem rewards. Users who deposit at least $250 into PriveX will be awarded 1,000 PriveX points, while an impending trading competition will further increase the rewards pool.
PriveX is also working on introducing new features, including an AI agents portal, that would enable users to harness complex trading strategies. The platform will also further integrate COTI’s privacy features to enhance the user experience and protect proprietary trading strategies.
Privex is a next-gen DeFAI platform built at the intersection of AI, privacy, and intent-based execution. It enables users to deploy autonomous trading agents, and trade on the integrated DEX with CEX-grade liquidity – all fully private and permissionless. Powered by COTI’s privacy layer and integrated with Symmio’s advanced settlement infrastructure, Privex creates a seamless environment where strategies are tokenized, agents act independently, and users retain full control. It’s the foundation for a new era of intelligent, composable, and censorship-resistant finance.
Meanwhile, COTI is the fastest, lightest privacy layer in Web3, powered by the breakthrough cryptographic protocol Garbled Circuits. COTI introduces the most advanced and compliant solution for data protection on the public blockchain, paving the way for the next wave of Web3 innovation and adoption. COTI unlocks a whole new world of use cases, including confidential transactions, Artificial Intelligence, DeFi, decentralized identification, and more.
