NEAR Co-founder says the expansion of on-chain tools is reducing users’ reliance on centralized exchanges
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AT A GLANCE
NEAR said that on-chain tools and AI Agent gateways could reduce users’ reliance on centralized exchanges.
Article
NEAR Co-founder: The expansion of on-chain tools is reducing users’ reliance on centralized exchanges
PANews October 7 news, according to a report by The Block,NEAR Protocol co-founder Illia Polosukhin said that as on-chain trading and financial tools continue to improve, users’ reliance on centralized exchanges is declining.NEAR has integrated cross-chain spot trading, perpetual contracts, tokenized stocks, and yield products through near.com, and plans to add bank withdrawals, tax records, and selective disclosure options for private transactions. Polosukhin also said that AI Agent could become an important interaction gateway for on-chain markets in the future, allowing users to express their needs in natural language, with AI Agent executing the relevant tasks.NEAR has also recently partnered with Monerium to expand EUR fiat channels and accessed tokenized stocks through Ondo Finance.
NEAR Protocol Co-founder Illia Polosukhin said that as on-chain trading and financial tools improve, users’ reliance on centralized exchanges is declining.
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NEAR It has integrated cross-chain spot trading, perpetual contracts, tokenized stocks, and yield products through near.com.
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NEAR It plans to add bank withdrawals, tax records, and selective disclosure functionality for private transactions.
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NEAR Recently partnered with Monerium to expand EUR fiat channels and accessed tokenized stocks through Ondo Finance.
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Illia Polosukhin said that AI Agent could become an important interaction gateway for on-chain markets in the future.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
This report introduces NEAR which is expanding on-chain trading, financial products, fiat channels, and tokenized stocks, among other features. Its co-founder believes that users may increasingly use on-chain tools and AI Agent to complete relevant operations in the future.
Why it matters to readers
If the relevant features are actually launched and used, users may have more access points to on-chain markets, which could affect demand for some centralized exchange access points.
Centralized exchanges are commonly used cryptocurrency asset trading platforms; on-chain tools allow users to directly access trading and financial functions on the blockchain.
Risks and unknowns
The report provides no independent verification that all relevant features have been fully implemented.
NEAR It remains unclear whether the planned bank withdrawals, tax records, and selective disclosure features for private transactions will be launched.
User adoption data is still lacking to determine whether on-chain tools have actually reduced users’ reliance on centralized exchanges.
AI Agent Whether it will become an important interaction gateway remains a future assessment.
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Related concepts
Centralized exchanges
This term is not in the glossary yet. Browse related concepts in the glossary.
A derivative contract with no expiration date, designed for continuous holding, whose funding rate mechanism helps keep its price close to that of the underlying asset.
