Coinbase entered the Fortune 500
Cryptocurrency exchange Coinbase became the first exchange to be included in the Fortune 500 list.
The Fortune 500 ranks US firms by revenue for the past financial year.
The crypto exchange for 2021 received a revenue of $7.84 billion and took 437th place in the ranking. Coinbase’s profit was $3.62 billion (1024% year-on-year growth).
Jack Dorsey’s payments company Block (formerly Square) ranked 208th with $17.66 billion in annual revenue.
Retail giant Walmart topped the list with $572.7 billion in revenue and $13.7 billion in profit.
The current threshold for entering the Fortune 500 is $6.4 billion.