NEAR Co-Founder Says near.com Is Close to Replacing Much of What Users Still Need CEXs For

NEAR Co-Founder Says near.com Is Close to Replacing Much of What Users Still Need CEXs For

N
News Editor
2026-10-07 12:11:33
NEAR Protocol co-founder Illia Polosukhin said in an on-site interview at Digital Asset Summit 2026 in Singapore that users may no longer need centralized exchanges for a large share of crypto activity as near.com expands its onchain services. He described the platform as "almost ready" and said its roadmap still includes bank withdrawals, transaction records for tax reporting, and selective disclosure for confidential transactions. Polosukhin also pointed to a personal experience with a centralized exchange, saying one of his accounts was deleted even though he knew the company’s CEO. According to him, near.com already brings together cross-chain spot trading, tokenized stocks, yield products, and perpetuals in one interface. He added that most of the infrastructure behind NEAR Intents has moved to confidential sharding, allowing transaction activity to remain private while giving users the option to disclose individual trades when needed. Polosukhin also cited NEAR’s partnership with Monerium for euro and EURe conversion via IBAN, and said the long-term goal for NEAR Intents is to support swaps between any assets, including currency pairs such as USD/EUR and SGD/HKD. He also said near.com integrated with Ondo Finance in September for tokenized equities, including tokenized NVIDIA stock.

NEAR Protocol co-founder Illia Polosukhin said at an on-site interview during Digital Asset Summit 2026 in Singapore that users no longer need centralized exchanges for a "large" share of crypto activity as near.com keeps expanding its onchain services.

near.com roadmap still includes banking and tax-related tools

Polosukhin said near.com is "almost ready" and has a "big roadmap" with features still being added. He said that roadmap includes bank withdrawals, transaction records for tax purposes, and selective disclosure for confidential transactions.

He also referred to his own experience with a centralized exchange, saying that one of his accounts was deleted even though he knew the company’s CEO.

One interface for spot, tokenized stocks, yield products and perpetuals

According to Polosukhin, near.com combines cross-chain spot trading, tokenized stocks, yield products, and perpetual contracts in a single interface.

He added that most of the infrastructure for NEAR Intents has already moved to confidential sharding. That setup keeps trading activity private while allowing users to disclose individual transactions when needed.

Fiat features and the long-term asset conversion goal

Polosukhin said more fiat-related functions are on the way for near.com. He also mentioned NEAR’s partnership with Monerium, which allows users to convert between euros held in bank accounts and EURe through IBAN.

He said the end goal for NEAR Intents is to handle "any asset to any asset," giving examples such as U.S. dollars to euros and Singapore dollars to Hong Kong dollars.

Ondo Finance integration adds tokenized equity access

On tokenized stocks, Polosukhin said near.com completed an integration with Ondo Finance in September. Users can convert euros into tokenized NVIDIA stock, and NEAR plans to add equities from more global markets.

This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan.
100

Disclaimer:

The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.

Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.