NEAR’s Polosukhin sees shrinking need for centralized exchanges as onchain tools expand

Written and edited by the WorldPing NewsdeskPublished Updated Original reporting: The Block
NEAR’s Polosukhin sees shrinking need for centralized exchanges as onchain tools expandWorldPing
Image via The Block.

What happened

NEAR co-founder Illia Polosukhin said users no longer need centralized exchanges for "a lot" of crypto activity.

Key facts

  • Reported by The Block and published Wed, 07 Oct 2026 11:15:16 UTC.

Why it matters

Digital-asset markets react to catalysts within minutes, and liquidity, ETF flows and regulatory signals are usually what decide whether a move sticks.

What to watch next

  • Whether spot volume and open interest confirm the move
  • Liquidation clusters around the current price
  • ETF flow data and any regulatory follow-up

Coverage timeline

When each newsroom published on this story, oldest first — all times UTC.

  1. Russia clears first crypto exchanges, custodians under new law

  2. BitMine sets 5% Ether supply ‘hard cap’ as accumulation target nears

  3. NEAR’s Polosukhin sees shrinking need for centralized exchanges as onchain tools expand

  4. Crypto trading giant GSR's new vault business is a $100M bet on onchain credit

Sources

The original report was published by The Block. WorldPing does not claim that reporting — this page summarises and contextualises it.

Read the full report at The Block

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