Read our profile of Coinbase from the June\/July 2022 issue of Fortune: Coinbase made crypto history on the Fortune 500. Then disaster struckCrypto has finally arrived on the Fortune 500. It just happened to get there during the crypto winter.Coinbase Global made history Monday when it became the first cryptocurrency company to break into the Fortune 500. Although the company has recently struggled to meet analyst expectations amid a widespread crypto crash, the San Francisco–based cryptocurrency exchange had a significant 2021 that propelled it to No. 437 on Fortune’s list of the biggest U.S. companies.Coinbase jumped into the spotlight when it went public through a direct listing in April 2021, less than a decade after it was founded.Just before its direct listing, analysts were predicting that the company could debut with a $100 billion valuation. But it closed its first day of trading with a $61 billion valuation, just edging out DoorDash for the seventh-highest market cap among U.S. companies<\/p>\n","protected":false},"excerpt":{"rendered":"
Read our profile of Coinbase from the June\/July 2022 issue of Fortune: Coinbase made crypto history on the Fortune 500. Then disaster struck. Crypto has finally arrived on the Fortune<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1,24],"tags":[],"class_list":["post-247125","post","type-post","status-publish","format-standard","hentry","category-news","category-stocks"],"acf":[],"_links":{"self":[{"href":"https:\/\/omni48.com\/api\/wp\/v2\/posts\/247125","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/omni48.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/omni48.com\/api\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/omni48.com\/api\/wp\/v2\/comments?post=247125"}],"version-history":[{"count":0,"href":"https:\/\/omni48.com\/api\/wp\/v2\/posts\/247125\/revisions"}],"wp:attachment":[{"href":"https:\/\/omni48.com\/api\/wp\/v2\/media?parent=247125"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/omni48.com\/api\/wp\/v2\/categories?post=247125"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/omni48.com\/api\/wp\/v2\/tags?post=247125"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}