Coinbase applied its build, buy, partner or invest framework in choosing to acquire Opyn’s leadership, aiming to maximise strategic leverage through experienced DeFi talent

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In this case, we were especially impressed by [Leone] and [Clark’s] deep experience building in DeFi and their vision for the future of onchain markets.
A Coinbase spokesperson explained that they made the talent-only acquisition because the company operates with "a build/buy/partner/invest framework. Each path depends on where we see the most leverage — whether that’s through technology, market presence, or talent.

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