According to TechFlame, according to Blockworks, Coinbase recently completed a talent acquisition targeting Opyn CEO Andrew Leone and Joe Clark, head of research. Leone and Clark will now join the Onchain Markets team, which operates within Coinbase's institutional organization and focuses on validated pools and other development initiatives focused on on-chain market-focused products. According to Coinbase's official statement, “The Opyn team has been working to build the DeFi field since the early days; they are the developers of the first DeFi options protocol, the inventors of Power Perpetuals, and the team behind Squeeth. The team has deep on-chain technical expertise, deep understanding of traditional market structures, and practical experience in building decentralized products from scratch, which is rare in the industry. The reason for choosing talent acquisition is because the company's operating model is 'building/acquisition/cooperation/investment'. Every path depends on what we consider to be the most impactful area—whether through technology, market influence, or talent.”