Crypto exchanges

Coinbase was ranked in the Fortune 500

Coinbase was the first cryptocurrency company to make the Fortune 500 list. The ranking ranks U.S. firms by revenue for the past fiscal year.

The cryptocurrency exchange, with $7.84 billion in revenue, was in 437th place. Coinbase’s revenue was $3.62 billion (up 1,024% year-over-year).

Jack Dorsey’s bitcoin-friendly payments company Block (formerly Square) was ranked 208th with annual revenues of $17.66 billion.

Retail giant Walmart was the leader with revenues of $572.7 billion and profits of $13.7 billion.

Recall that Coinbase had a quarterly loss of $430 million.

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