HomeAltcoin NewsGenius Terminal Launches GhOst on BNB Chain to Hide Your Trades from...

Genius Terminal Launches GhOst on BNB Chain to Hide Your Trades from Copy Traders

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  • Genius Terminal has launched Gh0st on BNB Chain to offer traders ‘compliant privacy’ that hides trades from the public.
  • Gh0st uses multi-party computation to process transactions across wallet clusters, preventing front-running and copy trading.

Blockchain technology was built to be transparent and publicly visible. While this works to prevent crime and enforce trust, it limits some financial transactions that require privacy and discretion. Genius Labs says it has struck a balance with Gh0st, a wallet privacy layer for sophisticated traders.

Genius Terminal announced Tuesday that Gh0st is now live on BNB Chain, offering “complex orchestration across dozens of wallets,” and allowing its users to “move in silence, killing copy trading and maintaining anonymity.”

Copy trading is a practice in which traders watch a wallet’s activity on-chain and automatically mirror all its trades in real time. While some experts offer their market movements to copy traders, whales and other sharp traders avoid this as they lose their edge to front-running bots and rival traders.

Privacy-focused networks like Monero overcome this challenge with native privacy features, but they come with a tradeoff as their DeFi ecosystems are much smaller. Other privacy solutions expose users to legal consequences as they also harbor criminals, like Tornado Cash.

Genius Terminal says Gh0st strikes the balance between privacy and compliance. Under what it describes as ‘compliant privacy,’ it claims to break transaction patterns from the public while still complying with regulators. It wrote:

“We break the link between a user’s main wallet and their trade execution by routing orders through intermediate pathways. Outsiders can’t easily track positions, but regulators can verify all activity on the ledger. Privacy should not mean opacity. It should mean protection”

Gh0st Adds Compliant Privacy to BNB Chain

The choice of BNB Chain to launch Gh0st was an easy one for Genius Protocol. The company is backed by YZi Labs, the family office fund owned by Changpeng Zhao, the former Binance CEO and founder of BNB Chain. CZ serves as an advisor to the company.

Announcing the investment in January, YZi Labs investment head Alex Odagiu commented:

“Genius is building a unified, high-performance trading layer that delivers deep liquidity, fast routing, and privacy-enabled execution – allowing professional and power users to operate on-chain with the same efficiency and discretion they expect in traditional markets.”

Genius Protocol has been built under the belief that DeFi can outperform CeFi, but only if it can match the execution, security, and privacy guarantees that CeFi platforms offer.

To provide compliant privacy, it relies on multi-party computation to generate temporary wallets that the user transacts from. Rather than funding a trade directly, the funds go into dozens of other wallets, with one ultimately funding the trade. This breaks the direct link between the trader and the transaction.

Since all the transactions from these wallets were conducted on-chain, the new feature does not break any law, and regulators can still observe the blockchain transactions openly.

Gh0st is a non-custodial product, and the traders never have to give up their private keys, making it highly secure.

BNB currently trades at $646.7, gaining 3% in the past day to push its market cap to $87.2 billion.

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Bhushan Akolkar
Bhushan Akolkar
Bhushan is a FinTech enthusiast and possesses a strong aptitude for understanding financial markets. His interest in economics and finance has drawn his attention to the emerging Blockchain Technology and Cryptocurrency markets. He holds a Bachelor of Technology in Electrical, Electronics, and Communications Engineering. He is continually engaged in a learning process, keeping himself motivated by sharing his acquired knowledge. In his free time, he enjoys reading thriller fiction novels and occasionally explores his culinary skills. Business Email: info@ethnews.com Phone: +49 160 92211628
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