Nasdaq-listed Coinbase Global, Inc. became the first cryptocurrency company to make it to the Fortune 500 list of the biggest U.S. corporations on Monday. 

See related article: Coinbase blames India’s central bank for exit

Fast facts

  • Coinbase’s 2021 revenue of US$7.8 billion brought the company to the 437th rank in Fortune’s annual list.
  • The top 500 companies on Fortune’s 68th edition generated an aggregate revenue of US$16.1 trillion and US$1.8 trillion in profits. 
  • “All markets have their ups and downs. After 10 years in business, we’ve learned how to navigate both. We tune out the noise, focus on the long term, and keep building,” Coinbase CEO Brian Armstrong said on Twitter.
  • Retail giant Walmart grabbed the top spot with about US$573 billion in revenue, and Amazon and Apple trailed with close to US$470 billion and US$365 billion, respectively.

See related article: Coinbase shares extend free fall on drop in crypto trading, loss