Coinbase is included in Fortune 500 – Bits Media

Coinbase's largest American digital assets exchange was the first US cryptocurrency company, which got into the list 500 the world's largest companies according to the revenue criterion.

Coinbase revenue for 2021 The year compiled, But the Fortune publication, about $7.8 billion, What allowed overcome the threshold value in $6.4 billion, necessary for inclusion in the annual rating of Fortune magazine.

Despite 437 place in the list of largest companies in the United States, In the beginning 2022 years of trading volumes of Coinbase has significantly decreased. Although the company tried to diversify its financial flows, officially launched in early May his own trading NFT platform, It now recorded only about 2 900 unique active users.

Coinbase became a public company in April 2021 of the year, about ten years after the foundation, - through direct listing on nasdaq. The company's analysts suggested, that Coinbase can debut with market capitalization at least $100 billion, at the cost of one share from $300 to $350. However, on the first day of the trading, the position closed with an assessment in $61 billion, Ahead of Doordash and taking the seventh place in market capitalization among American companies after the first day of trading.

In May, the leadership of Coinbase reported to shareholders, that the company's net loss for the first quarter 2022 The year was about about $430 million. At the same time, Coinbase submitted to the securities and exchanges commission (SEC) Data on form 10-Q, Where the exchange explains, that in the case of the default site will occur with user assets. The leadership of the crypto -tank hastened to publicly reassure users, that the trading platform did not face the risk of bankruptcy, And the supply of form 10-Q SEC was simply the fulfillment of the formal requirement of the regulator.