Coinbase has made its sixth acquisition of the year by acquiring the leadership team of Opyn, specifically CEO Andrew Leone and Head of Research Joe Clark. Opyn is known for being a pioneer in decentralized finance (DeFi) and for developing innovative products such as the first DeFi options protocol and Power Perpetuals. Coinbase praised the team for their combination of technical expertise in on-chain technology and traditional market structures. Although Opyn faced regulatory scrutiny in 2023 for operating an unregistered trading platform, they settled the issue. A Coinbase spokesperson confirmed that this talent-focused acquisition was part of their broader strategy to leverage technology, market presence, and talent efficiently. The constant pace of acquisitions suggests Coinbase's intent to aggressively expand its capabilities and offerings in the cryptocurrency space.

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