Coinbase is welcoming the leadership team behind Opyn Markets to Coinbase.

The Opyn team has been building in DeFi since the early days; they were the first DeFi options protocol, the inventors of Power Perpetuals, and the team behind Squeeth.

The team brings a combination of deep onchain technical expertise, strong understanding of traditional market structure, and hands-on experience building decentralized products from the ground up. Their experience will help Coinbase accelerate its efforts to bring more of its exchange business onchain, including advancing its onchain markets infrastructure like Verified Pools.

Coinbase commented:

“Integrating more onchain infrastructure opens the door to faster, more transparent, and more accessible markets. Acquiring Opyn Markets’ leadership is a step forward on that path”.