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    Home»Cryptocurrency»Coinbase becomes first cryptocurrency firm to enter Fortune 500 list (NASDAQ:COIN)
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    Cryptocurrency

    Coinbase becomes first cryptocurrency firm to enter Fortune 500 list (NASDAQ:COIN)

    adminBy adminMay 24, 2022No Comments2 Mins Read
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    Leon Neil / Getty Images News

    Coinbase Global (NASDAQ:coin) On Tuesday, according to the 68th Annual Edition of the Fortune 500, it became the first cryptocurrency company to join the Fortune 500 list of the largest US companies in terms of revenue. Ranking..

    Cryptocurrency The exchange is ranked 437th on the list with 2021 revenue of $ 7.84 billion. This is compared to just $ 1.3 billion in 2020.

    In one context, retailer Wal-Mart (WMT) Top of the list with revenue of $ 572.8 billion, e-commerce giant Amazon (AMZN) Sales of $ 469.8 billion and Apple (AAPL) ($ 365.82B). Fortune 500 companies account for two-thirds of the US gross domestic product (“GDP”), with record sales of $ 16.1 trillion and profits of $ 1.8 trillion, Fortune emphasized.

    Coinbase (coin) Mainly make money through transaction fees from crypto trading platforms, in addition to manufacturer and taker fees and interchange fees. Meanwhile, the cryptocurrency market, and more broadly the digital asset market, is facing increased sales pressure and regulatory oversight amid macro headwinds such as rising interest rates and financial tightness.

    Coinbase stock (coin -7.9%) Bitcoin (BTC-USD -3.2%) It will drop to $ 29.3K.

    SA’s Quant Rating is Coinbase (coin) Stock prices are at increased risk of poor performance due to negative EPS corrections and lower growth rates.The stock is off! 73% Y / Y and -54% Hmm.

    May 17th, Coinbase Delay recruitment..

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