This is how coco peat is prepared from coconut fibers

Many essential nutrients are found naturally in coconut fibers. The process of producing the soil by mixing these coconut fibers with other nutritional salts artificially is called “coco peat”.
It is a product of the coconut industry and also provides an additional source of income to the people of coastal areas.
This is achieved by rotting the fibers on top of the coconut and peeling and turning it into powdered form.
Both Peat moss or coco peat have the same purpose. Both make the pot soil ventilated as well as keep the moisture in it, it is also very light.