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Coinbase becomes the first crypto company to enter the Fortune 500 list

Exchange operator Coinbase has become the first crypto company to make the Fortune 500 cut — an annual list of America’s largest corporations by revenue — ranking at 437. The move comes despite Coinbase’s current struggles induced by bearish market conditions. This is because Fortune has ranked companies for its 2022 list based on their 2021 revenues. The revenue threshold for the 2022 Fortune 500 list was $6.4 billion, up 19% from last year’s limit, Fortune Media announced on Monday. …