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Coinbase (COIN) Shares Jump 8% Post-Market on S&P 500 Inclusion

  • Coinbase shares jumped over 8% in after-hours trading on May 12, 2025, after announcing their inclusion in the S&P 500 index effective May 19, 2025.
  • The inclusion follows Coinbase meeting S&P 500 requirements and coincides with Discover Financial’s replacement due to its acquisition by Capital One.
  • This milestone increases Coinbase’s visibility as a large-cap company with a market valuation around $53 billion and highlights its strategic acquisition of Deribit to expand globally.
  • Dr. Amelia Stone described this as "a significant validation for the crypto industry," while Coinbase’s shares remain volatile and underperform Bitcoin despite the positive news.
  • The event could attract substantial institutional investment and further legitimize digital assets, although Coinbase still faces challenges tied to crypto market volatility and competitive dynamics.
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Business Wire broke the news in Crystal River, United States on Friday, April 18, 2025.
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