{"id":847929,"date":"2025-05-13T09:11:46","date_gmt":"2025-05-13T14:11:46","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/05\/13\/crypto-news-today-coinbase-shares-surge-on-sp-500-inclusion-news-marking-crypto-milestone\/"},"modified":"2025-05-13T09:11:46","modified_gmt":"2025-05-13T14:11:46","slug":"crypto-news-today-coinbase-shares-surge-on-sp-500-inclusion-news-marking-crypto-milestone","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/05\/13\/crypto-news-today-coinbase-shares-surge-on-sp-500-inclusion-news-marking-crypto-milestone\/","title":{"rendered":"Crypto news today: Coinbase shares surge on S&#038;P 500 inclusion news, marking crypto milestone"},"content":{"rendered":"<div data-site=\"CoinJournal\">\n<div data-site=\"CoinJournal\">\n<picture><source  type=\"image\/webp\" media=\"(min-width: 750px)\"><source  type=\"image\/webp\"><source  type=\"image\/jpeg\" media=\"(min-width: 750px)\"><source  type=\"image\/jpeg\"><img decoding=\"async\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2024\/11\/shutterstock_1050057539.jpg\" alt=\"Crypto news today: Coinbase shares surge on S&#038;P 500 inclusion news, marking crypto milestone\" width=\"100%\" height=\"100%\">\n<\/picture>                            <\/div>\n<ul>\n<li>Coinbase (COIN) shares surged over 8% after-hours on news of its S&#038;P 500 inclusion.<\/li>\n<li>Coinbase will replace Discover Financial in the index effective before market open on May 19.<\/li>\n<li>The inclusion marks a significant milestone, giving broad investor\/portfolio exposure to a crypto firm.<\/li>\n<\/ul>\n<p><span>Shares of cryptocurrency exchange Coinbase (COIN) experienced a significant surge in after-hours trading on Monday following the landmark announcement that the company will be added to the prestigious S&#038;P 500 stock index. <\/span><\/p>\n<p><span>This inclusion marks a pivotal moment for Coinbase and the broader digital asset industry, signaling increased mainstream acceptance and potentially ushering in a new wave of investor exposure.<\/span><\/p>\n<h2><span>A new entrant to Wall Street\u2019s premier index<\/span><\/h2>\n<p><span>Coinbase is set to join the S&#038;P 500, which tracks 500 of the largest publicly traded US companies across diverse sectors, effective before the market opens on May 19. <\/span><\/p>\n<p><span>According to an S&#038;P press release, Coinbase will replace Discover Financial Services (DFS) in the index, as Discover is currently in the process of being acquired by Capital One. <\/span><\/p>\n<p><span>With a market capitalization nearing $53 billion, Coinbase, which currently trades on the Nasdaq exchange, will soon rub shoulders with Wall Street titans like Apple, Microsoft, Amazon, and Google within the S&#038;P 500.<\/span><\/p>\n<h2><span>Crypto gains mainstream exposure<\/span><\/h2>\n<p><span>The inclusion of a crypto-focused company like Coinbase in such a widely followed benchmark index is a significant development. <\/span><\/p>\n<p><span>It means that millions of everyday investors, as well as numerous model portfolios and index-tracking funds, will now gain direct exposure to the digital asset sector through their holdings.<\/span><\/p>\n<p><span>The anticipated impact on trading volume is substantial. \u201cCOIN about to be in every portfolio in America,\u201d commented Juan Leon, senior investment strategist at asset manager Bitwise, in a post on X (formerly Twitter). <\/span><\/p>\n<p><span>He projected, \u201cThe S&#038;P 500 inclusion is going to force 7x the daily trading volume into [the] stock,\u201d as index funds rebalance their portfolios to include the new constituent.<\/span><\/p>\n<p><span>News of the impending S&#038;P 500 inclusion sparked immediate investor excitement. <\/span><\/p>\n<p><span>Coinbase shares jumped to as high as $225 in post-market trading, an increase of 8.6%, building upon a nearly 4% gain achieved during Monday\u2019s regular trading session.<\/span><\/p>\n<h2><span>Coinbase\u2019s journey and eligibility<\/span><\/h2>\n<p><span>This milestone comes just over three years after Coinbase\u2019s public debut on the Nasdaq in 2021, at which time it had a market capitalization of $52.78 billion. <\/span><\/p>\n<p><span>While its current share price (closing at $207.22 on Monday) remains below its 2021 peak (above $357), the company has increasingly bridged the gap between the crypto world and traditional finance, particularly as institutional interest in digital assets has grown.<\/span><\/p>\n<p><span>Eligibility for the S&#038;P 500 is stringent, requiring companies to report a profit in their most recent quarter and demonstrate cumulative profitability over the preceding four quarters. <\/span><\/p>\n<p><span>According to CNBC reports, Coinbase has met all these criteria. <\/span><\/p>\n<p><span>The company recently reported a profit of $65.6 million for its latest quarter. While this is a significant decrease from the $1.18 billion profit reported a year prior, its revenue has shown healthy year-over-year growth of approximately 24%, reaching $2.03 billion.<\/span><\/p>\n<p><span>Coinbase\u2019s addition to the S&#038;P 500, which already includes a diverse range of technology companies beyond just large-cap tech, follows other recent tech-related inclusions such as Dell, Palantir, Super Micro Computer, and CrowdStrike, reflecting the evolving composition of the US economic landscape.<\/span><\/p>\n<hr>\n<div>\n<hr>\n<h6>Share this article<\/h6>\n<hr>\n<h6>Categories<\/h6>\n<hr>\n<h6>Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/crypto-news-today-coinbase-shares-surge-on-sp-500-inclusion-news-marking-crypto-milestone\/\" class=\"button purchase\" rel=\"nofollow noopener\" target=\"_blank\">Read More<\/a><br \/>\n Deepali Singh<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Coinbase (COIN) shares surged over 8% after-hours on news of its S&amp;P 500 inclusion. Coinbase will replace Discover Financial in the index effective before market open on May 19. The inclusion marks a significant milestone, giving broad investor\/portfolio exposure to a crypto firm. Shares of cryptocurrency exchange Coinbase (COIN) experienced a significant surge in after-hours<\/p>\n","protected":false},"author":1,"featured_media":847930,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22217,22791],"tags":[],"class_list":["post-847929","post","type-post","status-publish","format-standard","has-post-thumbnail","category-coinbase","category-crypto"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/847929","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=847929"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/847929\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/847930"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=847929"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=847929"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=847929"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}