Coinbase Sneaks into Fortune 500 List

US cryptocurrency exchange Coinbase has just become the first crypto company to be included in the Fortune 500 list, which ranks US companies based on revenue for the last financial year.

The crypto exchange has snuck into the 437th position with revenues of $7.84 billion after earning $3.62 billion, representing an increase of 1,024% year-on-year.

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Block (formerly Square), the Bitcoin-friendly payments company owned by Jack Dorsey, ranks 208th with annual revenue of $17.66 billion.

Meanwhile, the list is topped by retailer Walmart with $572.7 billion in revenue and profits of $13.7 billion.

The cryptocurrency trading platform posted a net loss of $429.7 billion during the first quarter of the year.

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