CZ Proposes Privacy-Driven “Dark Pool” DEX for Perps, Stirring Industry Buzz

Changpeng Zhao (CZ), the former CEO of Binance, has proposed a decentralized exchange (DEX) styled as a dark pool for perpetual futures. Could this bold proposal from CZ be linked to the recent large-scale trades by trader James Wynn on Hyperliquid, often referred to as the Hyperliquid 40x whale? Dark Pool Perp DEX: A Groundbreaking Idea from Changpeng Zhao? On June 1, 2025, Changpeng Zhao (CZ) stirred the crypto community with a post on X. In it, he proposed the concept of a dark pool-style decentralized exchange (DEX) for perpetual futures. In his post, CZ expressed concerns about the excessive transparency of current DEXs, where all trade orders are publicly displayed in real-time source: https://beincrypto.com/dark-pool-dex-for-perps-cz/