Exchanges· ★★· neutral· October 7, 18:15

NEAR co-founder Polosukhin says centralized exchanges are becoming less necessary

—Polosukhin: CEXs are no longer required for "a lot" of crypto activity
—Onchain tools are expanding and taking over exchange functions
—Comments come amid growth in onchain trading and DeFi

Why it matters: Signals a shift of activity from centralized venues to onchain, pressuring exchanges and supporting DeFi.

Source: The Block

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