Speaking at the Vanity Fair’s New Establishment Summit on Oct 23 Coinbase CEO Brian Armstrong confirmed that the cryptocurrency exchange giant continues to remain profitable with over two billion dollars ($2 billion) collected from transaction fees so far. Over a casual conversation with the moderator William Cohan, Coinbase CEO and co-founder discussed what was it like for the company to begin its journey from a small corner in a coffee shop to a name to be reckoned with. He humbly replies that crypto’s increase in demand can be attributed to the instability in the economy and the obsoletion of the