Coinbase’s Impressive Financial Trajectory

Brian Armstrong, the co-founder and CEO of Coinbase, recently revealed at Vanity Fair’s New Establishment Summit that since its inception in 2012, Coinbase has raked in nearly $2 billion in trading fees. That’s right, folks! While most of us are just trying to get by with a decent coffee budget, Coinbase is over here scooping up cash like it’s going out of style.

Profits Plowed Back into Innovation

Interestingly, Armstrong highlighted that Coinbase has been profitable since 2017, and instead of just filling a swimming pool with cash, they’re reinvesting profits into the business. “Most of these profits we’re plowing back into the business to create new products,” he said. Talk about a refreshing take on ‘earn, save, and invest’!

The ‘Anti-Unicorn Unicorn’

In describing Coinbase’s ethos, Armstrong called it the “anti-unicorn unicorn.” This quirky phrase suggests a focus on sustainable growth rather than chasing ephemeral valuation spikes. Armstrong’s vision? A company of