NEAR Co-Founder Says Centralized Exchanges Are Losing Their Role as Onchain Access Expands
NEAR Protocol co-founder Illia Polosukhin said centralized exchanges are becoming less necessary as users gain access to a broader range of crypto activities through onchain platforms.
NEAR Expands Beyond Traditional Exchange Functions
Polosukhin, who co-founded NEAR and uses the X account @ilblackdragon, pointed to near(.)com as an example of how crypto platforms are combining services that have traditionally been offered through centralized exchanges.
According to BSCN, near(.)com brings together trading, tokenized stocks, earn products and perpetual futures. The platform is also adding bank withdrawals, tax records and selective disclosure, expanding the range of financial and administrative functions available through the service.
The comments reflect Polosukhin's view that users increasingly have fewer reasons to rely on centralized exchanges for individual crypto activities. Rather than using separate services for trading, earning products and other functions, the platform highlighted by Polosukhin combines multiple capabilities in one environment.
NEAR Targets Broader Asset Transfers
Polosukhin also said NEAR is working toward a system capable of moving any asset to any asset. The statement points to a broader objective for the NEAR ecosystem around asset movement, although the post did not provide additional technical details about how that goal will be implemented.
The NEAR co-founder also identified artificial intelligence agents as a potential new interface for onchain markets. In that view, AI agents could become a way for users to interact with onchain market activity, adding another layer between users and blockchain-based financial services.
AI Agents and Onchain Markets
The Block reported on Polosukhin's comments, according to BSCN. His remarks link the development of broader financial functionality on near(.)com with NEAR's longer-term focus on moving assets across the ecosystem and using AI agents as an interface for onchain markets.
For now, the reported platform additions include bank withdrawals, tax records and selective disclosure, while near(.)com already combines trading, tokenized stocks, earn products and perpetual futures.
Writer: Ethan Collins
Crypto Journalist
Ethan Collins reports on developments across the cryptocurrency and blockchain sector. His work covers market movements, protocol updates, regulatory changes, and emerging trends in digital assets.
He focuses on presenting complex topics in a clear and accessible manner for a broad readership.
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