Opyn, a prominent options protocol in the decentralized finance (DeFi) space, is undergoing a significant leadership change in response to regulatory actions by the Commodity Futures Trading Commission (CFTC). Co-founders Zubin Koticha and Alexis Gauba have decided to step down following allegations of registration failures and non-compliance issues. In their place, Andrew Leone, formerly the head of research, has been appointed as the new CEO. Leone brings a wealth of experience from his six-year tenure at Nomura, particularly in structured volatility trading. This leadership transition reflects the challenges faced by the DeFi industry in the face of increasing regulatory scrutiny. Opyn’s focus now shifts towards regulatory compliance and stability, as they navigate the evolving landscape of DeFi.

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Information	Details
Geography	Global
Countries
Sentiment	neutral
Relevance Score	1
People	Alexis Gauba, Andrew Leone, Zubin Koticha
Companies	Opyn, FTX, Nomura, Binance, Celsius, CFTC
Currencies	None
Securities	None