PriveX, a privacy-first perpetual decentralized exchange (Perp-DEX), has officially launched on the COTI mainnet, as per reports shared with Finbold on Wednesday, June 4. The platform combines intent-based trading execution with private infrastructure to support both manual traders and autonomous AI agents.
The launch brings a new DeFi primitive to COTI’s ecosystem, with PriveX aiming to offer a centralized exchange (CEX)-like experience on fully decentralized rails.
Intent-based trading
At the heart of PriveX is an intent-based execution system designed to dynamically match trader instructions with available liquidity, whether sourced from decentralized exchanges or major centralized venues like Binance.
Execution is handled by Symmio’s solver network, while trade visibility is protected using COTI’s Garbled Circuits privacy layer. This setup ensures strategies remain hidden until execution, reducing slippage and front-running risk.
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.”
With over 300 perp pairs available at launch, PriveX is also the first DEX powered by COTI’s proprietary privacy layer.
Rewards for early adopters
To encourage adoption, PriveX has launched a reward program. Users who deposit at least $250 will receive 1,000 PriveX points, while active traders may qualify for SYMM token rewards and future airdrops. A trading competition is also expected in the coming weeks.
Going forward, PriveX plans to roll out new features on COTI, including an AI agents portal designed to help users deploy advanced trading strategies.
The platform also aims to deepen its integration of COTI’s privacy technology to improve user experience and safeguard proprietary trading methods.
Featured image via Shutterstock.
