Coinbase recruits Opyn core members

Odaily News Coinbase has completed its sixth acquisition this year in the form of talent acquisition (acqui-hire), introducing two core members of DeFi options protocol Opyn: CEO Andrew Leone and research director Joe Clark. The two will join Coinbases on-chain market team and participate in the development of Verified pools and other on-chain products.
Coinbase said that Leone and Clark are experienced in the DeFi field and have a deep understanding of the future development of the on-chain market. The Opyn team launched the first DeFi options protocol and developed Power Perpetuals and Squeeth products. It is worth mentioning that Opyn was sued by the CFTC in 2023 for allegedly operating an unregistered trading platform and eventually settled.
This recruitment is part of Coinbases strategy to promote the on-chain trading business. Since the beginning of this year, Coinbase has successively acquired projects or teams such as Roam, Spindl, Iron Fish team, Deribit and Liquifi. (BlockWorks)