Coinbase to join S&P 500 next week
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The company is the first of its kind to join the landmark index. Cryptocurrency skeptics and fans alike say that gives the virtual tender a stamp of legitimacy, but can’t agree if it’s warranted.
Investors jumped on shares of Coinbase Global after the Monday night news that the crypto exchange will join the S&P 500 next week.
Crypto exchange Coinbase (COIN) is soaring 16% early Tuesday after the Monday evening announcement of its inclusion into the S&P 500. COIN will be added to the S&P 500 index after the close on Friday,
Leading brokerage firm Bernstein is very bullish on Coinbase (Nasdaq: COIN) following the announcement of its upcoming addition to the S&P 500. Bernstein analysts led by Gautam Ch
Coinbase shares skyrocketed 24% on Tuesday following news the cryptocurrency exchange will be added to the S&P 500. Monitor these key chart levels.
Coinbase joins the S&P 500, bringing nearly $1B in Bitcoin onto the world’s most tracked index—and marking a turning point for corporate Bitcoin treasury strategy.
Coinbase’s upcoming entry into the S&P 500 underscores its growing influence in both the U.S. spot and crypto derivatives markets. This expansion is strengthened by its recent $2.9 billion acquisition of Deribit.
Shares of Coinbase Global (COIN) are seeing gains of 25% on Tuesday after announcements that the cryptocurrency exchange will be joining the S&P 500 (^GSPC) on May 19, replacing Discover Financial Services (DFS) on the stock market index.