Coinbase director Kathryn Haun will step down within the year to focus on investing in Web3 companies

ChainCatcher news, Coinbase board member Kathryn Haun announced that she will leave the board at the end of her third term after serving as a director of the cryptocurrency exchange for over 7 years. Haun stated that the crypto industry is in a significant expansion phase, and Coinbase is well-prepared to embrace the boom. Meanwhile, her venture capital firm Haun Ventures is also rapidly growing, making this the perfect time for her to fully commit to supporting its expanding team of entrepreneurs and building a lasting venture capital brand.

Coinbase co-founder and CEO Brian Armstrong responded that when Coinbase was still an unknown small exchange, Haun had given trust and support. As the longest-serving independent director of Coinbase, Haun has served as the first audit/risk officer, a member of the compensation committee, and the first nomination/governance officer, participating in all aspects of Coinbase's listing process. Armstrong particularly thanked Haun for her advice on regulatory strategy and when to compromise or resort to legal action.