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.
19 Articles
19 Articles
Coinbase (COIN) Shares Jump 8% Post-Market on S&P 500 Inclusion
Crypto exchange Coinbase (COIN) surged over 8% on Monday after market closing on news that the stock will be included in the broad-market S&P 500 stock index.The company would replace Discover Financial starting on May 19, according to an S&P press release.The S&P 500 tracks 500 of the largest publicly traded companies in the U.S. across several sectors, including tech, healthcare, finance and more. Prominent names in the index include Apple, Mi…
Wall Street sets Coinbase stock price target for next 12 months
The post Wall Street sets Coinbase stock price target for next 12 months appeared on BitcoinEthereumNews.com. ⚈ Coinbase stock jumped 9.34% after news of S&P 500 inclusion ⚈ Wall Street average 12-month price target now stands at $255.10 ⚈ Several analysts raised targets following crypto rally and trade deal news Coinbase (NASDAQ: COIN) flew high in the night between May 12 and May 13, 2025, as the world’s biggest publicly-traded cryptocurrency …
Coinbase (NASDAQ: COIN) to Join S&P 500 Index, Shares Jump
Shares of Coinbase Global (NASDAQ: COIN) jumped 9% in pre-market trading on Tuesday after news broke that the cryptocurrency exchange is set to join the S&P 500 index. Coinbase Stock Price Chart The company acknowledged the milestone in a post on X, formerly Twitter, saying, “Thank you to everyone who made it possible for a crypto company to join the S&P 500 for the first time in history.” According to S&P Dow Jones Indices, Coinbase will offici…
Coinbase joining S&P 500 days after bitcoin soared past $100,000 – DG Verifications & Stats
In this article COIN Follow your favorite stocksCREATE FREE ACCOUNTBrian Armstrong, CEO of Coinbase, speaking on CNBC’s Squawk Box outside the World Economic Forum in Davos, Switzerland on Jan. 21st, 2025.Gerry Miller | CNBC Coinbase is joining the S&P 500, replacing Discover Financial Services in the benchmark index, according to a release on Monday. Shares of the crypto exchange jumped 8% in extended trading. The change will take effect befor…
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