Opyn is a decentralized options and perpetual protocol on Ethereum that was described by Coinbase as the first DeFi options protocol. In July 2025, Coinbase announced that the Opyn leadership team, including CEO Andrew Leone and head of research Joe Clark, had joined Coinbase's markets team. Opyn's Twitter Score is 210 out of 1000 (an Excellent rating) as of July 2026, ranking #2,394 (top 1%) among 389,201 tracked accounts.
Opyn was co-founded by Zubin Koticha and Alexis Gauba, who later stepped down following a regulatory enforcement period. The CFTC issued a consent order finding that Opyn, Inc. had operated the Opyn Protocol in violation of rules governing unregistered swap execution activity and off-exchange leveraged retail commodity transactions, requiring a cease-and-desist and a civil monetary penalty of $250,000. Among the products on the Opyn Protocol was oSQTH, an ERC-20 token tracking an ETH-squared index and structured as a power-perpetual-style instrument.
Opyn describes its Opyn Markets platform as a permissionless perpetual trading ecosystem with no custodial control of user funds and support for ERC-20 pair deployment. The project was backed by Coinbase, Robot Ventures, 1kx, CoinFund, and A Capital Partners. Opyn has published 6,603 posts and has been mentioned by 407 accounts a total of 900 times.
Who follows Opyn on X?
The accounts that follow Opyn include 687 founders, 226 angel investors, 341 influencers and 33 VCs, among them Erik Voorhees, Laura Shin, Toly, Cobie, Ansem and Stani.