Coinbase (COIN), the largest cryptocurrency exchange in the USA, managed to enter the “Fortune 500” list, becoming the first cryptocurrency company to be included in the list.
NasdaqCryptocurrency exchange listed in Coinbasein fiscal year 2021 7.8 billion dollars one of the leading magazines of business life by earning more than Fortune Prepared and published annually by largest US companies by revenue sorted by Fortune 500 on the list 437th place took place.
Firstly April 2021 on Nasdaqtraded in Coinbasetook its place on the list at the first opportunity and managed to enter the list. first cryptocurrency company it happened.
Fortune editor-in-chiefi Alyson Shontellthe stock marketdeveloping under the abnormal conditions of COVID” and “one of the few winners of the pandemic” he described.
retail giant Walmart (WMT)approximately 573 billion dollars with income 10 years in a row on the list first place while taking it respectively 470 billion dollars and 365 billion dollars with revenues Amazon (AMZN) and Apple (AAPL) followed.
Fortune 500 companies in the list $16.1 trillion with income US gross domestic product (GDP) represents two-thirds.
Coinbase Shares Drop
across 2021 7.8 billion dollars managed to enter the list by making income on it Coinbase Things are not going well for 2022. In the last quarter of last year, exceeding expectations, approximately 2.5 billion dollars The company, which generates net income, is for the first quarter of 2022 due to the decrease in transaction volumes on the platform with the decline in the crypto money market. $1.16 billion net income and $430 million net reported damage.
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The drop in Coinbase’s revenues also affected its share prices. year 2022 in all-time lows seer Coinbase (COIN) stocks at the time the news was written from $62.53 is being traded.
Coinbase, In the financial report prepared for the first quarter of the year, which was published recently, it was reacted by the crypto community after the statements that customers’ crypto assets on the stock market could be subject to bankruptcy in case of a possible bankruptcy.
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