25 May, 2022
Nasdaq-listed Coinbase was ranked at 437th in the Fortune 500 annual list.
The biggest US crypto exchange generated a revenue of over $7.8 billion in the fiscal year 2021.
The total revenue of Fortune 500 companies totaled $16.1 trillion with a profit of $1.8 trillion.
Walmart topped the Fortune 500 list for the 10th year straight followed by Amazon and Apple.
The US crypto exchange saw its shares plummet drastically last week after the entire crypto market crashed.
All markets have their ups and downs. After 10 years in business, we’ve learned how to navigate both, Brian Armstrong tweeted.
The chief operations officer of Coinbase, Emilie Choi, revealed that the company is planning to scale back hiring due to the market conditions.