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.

AccessTimeIconMay 24, 2022 at 11:10 a.m. UTC
Updated May 24, 2022 at 5:37 p.m. UTC
Consensus 2023 Logo
Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28.

Jamie Crawley is a CoinDesk news reporter based in London.

Consensus 2023 Logo
Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28.

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.


DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

CoinDesk - Unknown

Jamie Crawley is a CoinDesk news reporter based in London.


Learn more about Consensus 2023, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.


CoinDesk - Unknown

Jamie Crawley is a CoinDesk news reporter based in London.


Read more about