Coinbase has taken a major step towards expanding its presence of decentralized financing (DEFI) by providing the management team behind Opeyn Markets on board, a leading name in the derivative space of Defi.
THE move Alignments on the wider mission of transition coinbase more of the financial system – and its own operations -.
Founded in the first days of DEFI, OPYN launched innovations such as DEFI options, Power Perpetuals and the Sapeeth protocol. The team has developed a reputation for the merger of traditional information on the market with deep technical capacities in onchain.
Now, they join Coinbase to help advance ONCHAIN’s negotiation products and negotiation infrastructure, in particular around tools such as verified pools, which allow transparent and minimized liquidity access for institutions and retail users.
Coinbase considers acquisition as a central movement in its roadmap. Although the company has exploited a centralized exchange of confidence for more than ten years, it continues to prioritize a rooted future on faster, more transparent and decentralized markets.
By integrating OPYN’s expertise, Coinbase aims to accelerate the development of its onchain market infrastructure and to extend its footprint in derivatives and other advanced DEFI offers.
This collaboration indicates the continuous change of Coinbase to the native onchain solutions, reinforcing its conviction that the next finance phase will be fueled by blockchain technology.
Kosta has been working in cryptographic industry for over 4 years. It strives to present different perspectives on a given subject and enjoys the sector for its transparency and dynamism. In his work, he focuses on a balanced coverage of events and developments in cryptographic space, providing information to his readers from a neutral perspective.
