Crypto Soars to New Heights Despite FTX Fallout, Spurring Renewed Focus on Compliance

Bitcoin reached a record high above $72,000 in early February, driven by Bitcoin ETFs which unlock new investor demand. Ethereum is also rising and differentiating itself through developer activity for decentralized apps.

The latest crypto bull market has put crypto back in the headlines and increased engagement from previously dormant customers. There's been a "flight to quality" towards compliant crypto companies.

The FTX implosion was a travesty but the industry has largely moved on, with a renewed focus on trust and compliance.

Haas was attracted to Coinbase by the potential for blockchain and crypto to create a more inclusive, faster and cheaper financial system compared to traditional finance.

The future of digital assets is already here but will continue expanding as more real-world assets are tokenized, enabling peer-to-peer transactions with fewer intermediaries globally.