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Bitso Breaks Into DeFi With 17,000+ Token DEX Platform That Kills Gas Fees

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Bitso, Latin America’s leading crypto platform serving over 9 million users, has launched Bitso Onchain, a self-custody DEX that enables trading of 17,000+ tokens across 14 blockchains, including Ethereum, Solana, Arbitrum, and Base, without gas fees, marking a strategic expansion into decentralized finance.

The platform, now in closed beta, eliminates traditional DEX barriers through email-based authentication powered by Privy, sponsored gas fees, and instant cross-chain swaps in partnership with Li.fi. Users can trade Solana memecoins with ETH or Arbitrum DeFi tokens with SOL in single transactions, maintaining full self-custody without managing seed phrases.

“With Bitso Onchain, we’re solving the fundamental trade-off in crypto today,” said Daniel Vogel, CEO and Co-founder of Bitso. “Users no longer need to choose between the simplicity of centralized exchanges and the opportunity of decentralized markets. We’re delivering both in one seamless experience.”

Bitso Onchain addresses the critical gap where 95% of tokens remain inaccessible to mainstream users due to technical complexity and CEX listing delays. Key features include:

  • Seamless Self-Custody: Email authentication with secure wallet infrastructure powered by Privy—no seed phrases required
  • Complete Token Access: 17,000+ tokens across Ethereum, Solana, Arbitrum, Base, and 10 other chains
  • Zero Gas Fees: All transaction fees sponsored by Bitso
  • Instant Cross-Chain Trading: Direct swaps between any supported blockchain in partnership with Li.fi
  • Rewards: Token and XP rewards through referrals, quests, and weekly challenges

“We built this to bring real opportunity to everyone,” added Vogel. “Whether it’s a new memecoin on Solana or a DeFi protocol on Base, users can discover and trade it instantly, with no barriers between them and the next big opportunity.”

The closed beta is limited to select users, with early access available via invitations from existing users, crypto community partnerships, or announcements on Bitso’s social channels (@BitsoOnchain on X). Crypto traders interested in early access can join the waitlist at https://onchain.bitso.com.

New users in the early access phase receive $5 USD cashback after their first $10+ swap, with an additional $5 USDC for each new user they invite during closed beta. Plus, users can participate in platform quests to earn additional XP and token rewards.

The full public launch is set for September 2025, with AI-powered discovery tools and advanced DeFi trading products in the pipeline. The closed beta launch marks Bitso’s strategic expansion into decentralized finance with a simple promise: Discover Everything. Trade Anything. Zero Friction.

About Bitso
Founded in 2014, Bitso pioneered cryptocurrency adoption in Latin America as the region’s first regulated exchange. The platform serves over 9 million users across multiple markets with regulatory licenses in Mexico, Brazil, Argentina, and Gibraltar, establishing itself as a leader in accessible and compliant crypto solutions.

Website: https://bitso.com/

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Privacy Protocol Umbra Shuts Down Front End to Disrupt Hackers

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Privacy-focused crypto protocol Umbra has temporarily taken its front-end interface offline in an effort to slow down hackers attempting to move stolen funds.

The move comes amid heightened scrutiny following a series of major exploits across the crypto ecosystem.

Front-End Taken Offline After Suspicious Activity

Umbra said it identified roughly $800,000 in stolen funds being routed through its protocol. In response, the team placed its hosted front end into maintenance mode.

The protocol noted that the interface will remain offline until it is confident that restoring it will not interfere with ongoing recovery efforts.

This action follows the recent exploit of Kelp DAO, where attackers stole over $280 million, with some reports linking the movement of funds through Umbra.

Limits of Control in Decentralized Systems

Despite shutting down its front end, Umbra acknowledged a key limitation: it cannot stop users from interacting directly with its smart contracts.

Because the protocol is open-source:

  • Users can access it through self-hosted interfaces
  • Alternative front ends can be deployed independently
  • Smart contracts remain fully operational onchain

This highlights the broader challenge of controlling decentralized infrastructure once it is live.

Debate Over Responsibility Intensifies

The situation has reignited debate around developer responsibility in decentralized systems.

Roman Storm, co-founder of Tornado Cash, argued that disabling a front end may not be enough to satisfy regulators.

Storm, who was previously convicted in a high-profile case, said authorities may still view control over a user interface as control over the protocol itself.

He warned that:

  • Modifying or shutting down a front end could be interpreted as governance authority
  • Developers may still face legal accountability regardless of decentralization claims

Umbra Defends Its Design

Umbra pushed back on claims that its protocol is useful for laundering funds.

The team emphasized that:

  • The protocol primarily protects the receiver’s identity, not the sender’s
  • Transactions remain traceable onchain
  • Stolen funds routed through Umbra can still be identified

It also confirmed that it is working with security researchers to track suspicious activity.

Ongoing Pressure on Privacy Tools

The incident reflects growing pressure on privacy-focused crypto tools as regulators and law enforcement target illicit fund flows.

While some platforms have taken steps to freeze or block hacker activity, decentralized protocols like Umbra face structural limitations in enforcement.

A Balancing Act Between Privacy and Security

Umbra’s decision underscores a broader tension in crypto:

  • Preserving user privacy
  • Preventing misuse by bad actors

As exploits continue and scrutiny increases, protocols may face tougher choices around how much control they can or should exert over their systems.

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Coinbase Flags Algorand and Aptos as Leaders in Quantum-Ready Crypto

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Coinbase is sounding the alarm on a future risk that could reshape blockchain security: quantum computing.

In a new report, its quantum advisory board highlighted how some networks are preparing early, while others may face greater challenges down the line.

Quantum Threat Not Here Yet, But Inevitable

Coinbase researchers emphasized that quantum computers capable of breaking blockchain cryptography do not yet exist, but likely will in the future.

Such machines could:

  • Break private key cryptography
  • Access crypto wallets
  • Undermine blockchain security models

The board believes it is only a matter of time before this level of computing power becomes reality.

Algorand Leading in Quantum Readiness

Algorand was highlighted as one of the most prepared networks.

Key strengths include:

  • A staged roadmap toward quantum resistance
  • Existing support for quantum-secure accounts
  • Successful quantum-resistant transactions on mainnet

However, some areas like validator coordination and block proposals still require upgrades.

Aptos Also Well Positioned

Aptos was also identified as a strong contender in the transition to post-quantum security.

Its design allows users to:

  • Update their authentication keys easily
  • Transition to quantum-safe cryptography without moving funds
  • Maintain the same account structure

This flexibility could make upgrades smoother compared to other networks.

Proof-of-Stake Chains Face Higher Risk

The report warned that major proof-of-stake networks like:

  • Ethereum
  • Solana

may be more exposed due to how validator signatures are structured.

That said:

  • Solana is already developing improved signature schemes
  • Ethereum has a roadmap to adopt quantum-resistant cryptography

What Happens to Vulnerable Wallets?

One of the more controversial ideas discussed is how to handle existing wallets.

Potential solutions include:

  • Encouraging users to migrate to quantum-safe wallets
  • Revoking access to vulnerable wallets
  • Treating un-upgraded funds as permanently inaccessible

This raises major questions about user responsibility and network governance.

A Long-Term, Not Immediate Risk

Despite the warnings, Coinbase stressed that a quantum computer capable of breaking crypto would need to be:

  • Far more powerful than current systems
  • Likely at least a decade away

Still, the report urges developers to begin preparing now rather than waiting.

Preparing for the Next Era of Security

The takeaway is clear: quantum computing may not be an immediate threat, but it is a structural risk that cannot be ignored.

Networks like Algorand and Aptos are taking early steps, while others are still developing their strategies.

How the industry responds could determine whether crypto remains secure in a post-quantum world.

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DoorDash to Enable Stablecoin Payments Across Global Platform

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DoorDash is stepping into crypto-powered payments, planning to integrate stablecoins for users, merchants, and delivery drivers across its ecosystem.

Stablecoins Coming to Everyday Payments

The initiative is being built in partnership with the Tempo blockchain, aiming to allow:

  • Customers to pay using stablecoins
  • Merchants to receive faster settlements
  • “Dashers” to get paid more quickly

The rollout is expected to cover users in more than 40 countries, signaling a major step toward mainstream crypto adoption.

Why Stablecoins?

DoorDash and its partners are focusing on three key advantages:

  • Faster payouts compared to traditional banking
  • Lower cross-border costs
  • Greater flexibility in payments

According to DoorDash leadership, improving payout speed for drivers and merchants is a major motivation behind the move.

Backed by Major Financial Players

The integration involves several key partners:

  • Stripe
  • Paradigm
  • Coastal Bank
  • ARQ

This collaboration highlights growing alignment between traditional finance and blockchain infrastructure.

A Massive Use Case for Crypto

DoorDash operates at enormous scale:

  • 903 million orders in Q4 2025
  • Around $29.7 billion in transaction volume

Integrating stablecoins into a platform of this size could significantly accelerate real-world crypto usage.

Stablecoins Enter Mainstream Commerce

This move reflects a broader industry trend:

  • Visa and Mastercard are expanding stablecoin infrastructure
  • Stripe continues investing heavily in blockchain payments
  • Financial institutions are exploring tokenized settlement systems

Stablecoins are increasingly being positioned as the bridge between crypto and everyday payments.

From Crypto Niche to Daily Utility

Unlike speculative crypto use cases, this integration targets real-world transactions:

  • Food delivery payments
  • Gig economy payouts
  • Merchant settlements

This could make stablecoins part of daily financial activity for millions of users.

A Turning Point for Adoption?

If successful, DoorDash’s integration could mark a key shift:

  • From crypto as an investment to crypto as a payment layer
  • From niche users to mass-market adoption

It also reinforces the idea that stablecoins may become the default digital payment rail for global commerce.

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