Coinbase was the first cryptocurrency company to make the Fortune 500 list. The rating ranks American firms by revenue for the past fiscal year.

The crypto exchange with a revenue figure of $7.84 billion was in 437th place. Coinbase’s profits totaled $3.62 billion (up 1024% year-over-year). At the same time, in the first quarter of 2022 Coinbase received a net loss of $429.7 million. The indicator almost twice exceeded the expectations of analysts.

Jack Dorsey’s bitcoin-friendly payment company Block (formerly Square) took 208th position with annual revenue of $17.66 billion. The leader of the rating was retail giant Walmart, which received revenue of $572.7 billion with a profit of $13.7 billion.