DeFi near-zero onboarding costs can help 1.4B unbanked: 1inch co-founder

DeFi vs Traditional Banks: The Battle for the Global Economy with Zero Entry Costs

DeFi offers near-zero onboarding costs, making it more accessible than traditional finance. Traditional finance’s high entry barriers exclude 1.4B people, while DeFi promotes inclusion. By enabling global liquidity, DeFi creates new economic opportunities for users. Anton Bukov, co-founder of 1inch, a decentralized exchange, has explained that operating procedures in DeFi are much cheaper than those that traditional banks use. During Dutch Block…

dYdX x BeInCrypto AMA Session - Invest In Crypto News

In this interview, we spoke with Chris Grundy, Chief Marketing Officer at dYdX — a leading decentralized exchange with over $1.4 trillion in total trading volume and more than 200 markets available. The AMA focused primarily on the dYdX Surge Program, the largest DeFi trading competition to date. Chris shared valuable insights into how the event works, how rewards are distributed among users, and what exciting developments are coming next for dY…

DeFi’s Near-Zero Onboarding Costs Could Help 1.4 Billion Unbanked, Says 1inch Co-Founder

Anton Bukov, Co-Founder of decentralized exchange (DEX), 1inch, highlighted that decentralized finance (DeFi) holds a significant cost advantage over traditional banking when it comes to onboarding new users. Speaking at a panel during Dutch Blockchain Week on May 22 2025 in Amsterdam, Bukov explained that traditional banks typically spend between $100 and $300 per user to handle document verification and account setup. Online banks, he added, r…

1inch Co-Founder: DeFi's Near-Zero Onboarding Can Bank the Unbanked

DeFi’s Edge Over Traditional Finance Decentralized finance (DeFi) could revolutionize financial access with its near-zero onboarding costs, according to Anton Bukov, co-founder of 1inch Network. Speaking at Dutch Blockchain Week in Amsterdam, Bukov said DeFi dramatically outperforms traditional financial institutions when it comes to user acquisition. Onboarding to DeFi literally amounts to zero,” Bukov said. In comparison, he went on, tradition…

CoinStats - 1inch Co-Founder: DeFi’s Near-Zero Onboarding...

DeFi’s Edge Over Traditional Finance Decentralized finance (DeFi) could revolutionize financial access with its near-zero onboarding costs, according to Anton Bukov, co-founder of 1inch Network. Speaking at Dutch Blockchain Week in Amsterdam, Bukov said DeFi dramatically outperforms traditional financial institutions when it comes to user acquisition. Onboarding to DeFi literally amounts to zero,” Bukov said. In comparison, he went on, tradition…

DeFi’s Near-Zero Onboarding Costs May Empower 1inch to Serve 1.4 Billion Unbanked Individuals Globally

Decentralized Finance (DeFi) is emerging as a revolutionary force, offering unparalleled advantages over traditional finance, particularly in onboarding costs. As DeFi platforms become increasingly accessible, they present a unique solution