Coinbase, one of the top crypto exchanges in the world, is growing its presence in decentralized finance (DeFi). The company has recently hired two major people from the Opyn project, including its CEO, Andrew Leone, and Head of Research Joe Clark. This marks Coinbase’s sixth acquisition this year after acquiring token management platform Liquifi earlier this month. This move shows Coinbase is focusing more on building stronger tools and systems for on-chain financial markets. Coinbase Makes A Strategic Move for Onchain Expansion Opyn has been a well-known name in decentralized finance for many years. It was the first to launch an options protocol and has also introduced new products, such as Power Perpetuals and Squeeth. In 2023, the project encountered issues with regulators, but these were later resolved. Even with the challenges, the team was respected for their strong tech skills and for using ideas from traditional finance to build decentralized systems. Coinbase sees the addition of Leone and Clark as an opportunity to boost its institutional efforts around onchain markets. The duo will now work within Coinbase’s Onchain Markets team. Their job description is to focus on projects like Verified pools and other developments that aim to reshape how institutions engage with decentralized financial infrastructure. This area is fast becoming a key priority as Coinbase plans to transition more of its exchange services onto public blockchains. Coinbase’s New Hires Bring Vision and Experience to DeFi Push Leone and Clark, the two new team members, bring strong technical skills and a shared goal. They believe that utilizing public ledgers can help make financial markets more open and connected, ultimately benefiting the real economy. At Coinbase, they will keep working toward this goal. They will help build tools that will make DeFi systems more straightforward to use, more trusted, and open to more people. This move is also part of a bigger plan. Over the years, Coinbase has been bringing in teams and technology that support its onchain goals. The company is growing by building its tools and by hiring the right people. Coinbase Keeps Building for the Future of Finance Coinbase has been moving at a fast pace in 2025. With multiple acquisitions already completed, the company shows no signs of slowing down. Each move adds either technology, talent, or market reach that strengthens its long-term vision. The addition of Leone and Clark to its team continues this trend. It shows Coinbase’s strong role in the growing world of onchain finance. By investing in experienced builders and positioning them in key roles, Coinbase is shaping itself not just as an exchange but as a significant force in the next generation of financial infrastructure. The post Coinbase Grows DeFi Team with New Hires from Opyn appeared first on TheCoinrise.com .
