Coinbase, one of the leading crypto exchanges in the world, is strengthening its presence in decentralized finance (DeFi) by hiring two key personnel from the Opyn project.
Coinbase’s Strategic Move for Onchain Expansion
Coinbase has recently hired two major individuals from Opyn, including CEO Andrew Leone and Head of Research Joe Clark. This marks Coinbase’s sixth acquisition this year, following the acquisition of the token management platform Liquifi. This move indicates the company's focus on building stronger tools and systems for on-chain financial markets.
New Hires Strengthen the DeFi Team
Opyn has been a notable name in decentralized finance, known for launching the first options protocol and introducing new products like Power Perpetuals and Squeeth. Despite facing regulatory challenges in 2023, the team was respected for their strong technical skills. Coinbase views the addition of Leone and Clark as an opportunity to enhance its institutional efforts in on-chain markets.
Coinbase Continues Building for the Future of Finance
Coinbase has been moving swiftly in 2025, making multiple acquisitions while continuing to bring in talent that supports its on-chain goals. The addition of Leone and Clark continues this trend, emphasizing Coinbase's vital role in the growing world of on-chain finance.
The acquisitions and new hires reinforce Coinbase's position in the developing sector of decentralized finance, promising interesting prospects for the company and its users.
