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Moving markets onchain: Welcoming Opyn Markets to Coinbase

TL;DR The Opyn Markets leadership team is joining Coinbase. Their experience building decentralized products will accelerate our efforts to bring more of the financial system, including more of our business, onchain.

By Harsha Bhat

, July 11, 2025

, 2 minutes read time

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At Coinbase, we’ve long believed that the future of financial markets will be built onchain. That belief is already reflected in products like Verified Pools, which bring trusted onchain liquidity to retail and institutional participants. These efforts tie back to a single commitment: moving more of the financial system, including more of our business, onchain.

Today, we’re deepening that commitment by 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 rare 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 us accelerate our efforts to bring more of our exchange business onchain, including advancing our onchain markets infrastructure like Verified Pools. It’s a move that aligns with where the market is going, and where we believe it should go.

While Coinbase has operated one of the most trusted exchanges for over a decade, we’ve never viewed that as the finish line. 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.

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