Coinbase Snags Opyn Leadership in Lift-Out Acquisition
2025-07-12 08:43:59
Main Idea
Coinbase has acquired the leadership team of Opyn Markets, a crypto derivatives platform, to enhance its derivative product offerings.
Key Points
1. Opyn CEO Andrew Leon and Head of Research Joseph Clark will join Coinbase.
2. The Opyn team brings expertise in traditional market structures and decentralized product development.
3. The team has undergone compliance and KYC checks.
Description
Cryptocurrency exchange Coinbase announced on Friday that it has acquired the leadership team behind Opyn Markets, a crypto derivatives platform. Opyn CEO Andrew Leon and Head of Research Joseph Clark will provide their expertise in areas such as perpetual options or simply “perps,” which are essentially derivative products with no expiry date. The Opyn team
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