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Coinbase is first crypto company to join Fortune 500 club
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[QUOTE="Yugocean, post: 248688, member: 25081"] [JUSTIFY] The Coinbase (COIN) exchange is first crypto company to be listed in Fortune 500. Coinbase went public on Nasdaq in April 2021, and got 437th place on the list for fiscal year 2021. [URL='https://twitter.com/brian_armstrong/status/1529278982243291136?t=8pGcKsG8XwslZFGKOwGQSA&s=19'][ATTACH type="full" alt="Screenshot_20220525-180447_Twitter.jpg"]53674[/ATTACH][/URL] Fortune editor Edgar P. Smith conceptualized first list in 1955, and since then, it has been the basis for ranking the top 500 US companies every fiscal year. The Fortune 500 list is known for ranking significant American firms based on total revenue, as well as other quantitative indicators such as profit margin, assets, and employee count. During the fiscal year, Coinbase made more than $7.8 billion in revenue. Fortune editor-in-chief Alison Schontel has chosen Coinbase exchange for thriving during the aftermath of COVID. The milestone excites Brian Armstrong, the CEO of Coinbase, who expects the bitcoin economy to grow at the same rate as internet access. Many disgruntled cryptocurrency traders may be unhappy with Coinbase's achievements, but this is because customer pleasure is not a priority on this list. Walmart has been at the top of the list for a decade, even though it has the most unhappy consumers.[/JUSTIFY] [/QUOTE]
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