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Coinbase Enters Fortune 500 List of Biggest US Companies

The first crypto company to join the list recorded revenue of over $7.8 billion in fiscal 2021 and placed 437th.

By Jamie Crawley
AccessTimeIconMay 24, 2022 at 11:10 a.m. UTC
Updated May 11, 2023 at 6:50 p.m. UTC
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Coinbase (COIN) has entered the Fortune 500, a ranking of the biggest U.S. companies by revenue, becoming the first cryptocurrency company to join the list.

  • The Nasdaq-listed crypto exchange posted revenue of over $7.8 billion in fiscal 2021 to place 437th in the 2022 list published Monday.
  • Having first listed on Nasdaq in April 2021, Coinbase has entered the Fortune 500 at the first opportunity.
  • The exchange was singled out by Fortune editor-in-chief Alyson Shontell as one of "several pandemic winners" that "thrived under the freakish circumstances of COVID" and flourished thereafter.
  • Retail behemoth Walmart (WMT) topped the ranking for the 10th straight year, with revenue of around $573 billion, followed by Amazon (AMZN) and Apple (AAPL), with figures of almost $470 billion and $365 billion, respectively.
  • The Fortune 500 represents two-thirds of U.S. gross domestic product, with revenue totaling $16.1 trillion.

Read more: Coinbase Outlines Cost-Cutting Measures, Employee Grants Amid Weak Results and Crypto Rout: Report


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CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

Jamie Crawley
Jamie Crawley

Jamie Crawley is a CoinDesk news reporter based in London.

Follow @JamieCrawleyCD on Twitter

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