Coinbase will join the S&P 500 on May 19, replacing Discover Financial in light of Capital One’s upcoming takeover.
Table of Contents
- Coinbase Create a Historic Entry as the world 1st Cryptocurrency company going to list on S&P 500
- Coinbase Share Going Up after S&P Dow Jones Indices announcement.
- Despite a $200 million revenue shortfall in the first quarter, Coinbase user activity continues strong, with USDC balances jumping 49% quarter on quarter.
Coinbase will trade on S&P 500 Index
Coinbase will formally join the S&P 500 on May 19, 2025, replacing Discover Financial, which was removed from the index after Capital One acquired it.
This is a historic first: no other crypto-based enterprise has achieved this degree of institutional recognition.
Coinbase Stock Rises Following S&P 500 Inclusion
Coinbase becomes the first cryptocurrency-focused company to be listed on the S&P 500.
Following the announcement, Coinbase shares increased by more than 7% in after-hours trading.
Coinbase just announced the acquisition of Deribit, a crypto derivatives exchange, for $2.9 billion. The purchase involves a $700 million cash payment, with the remaining in Class A stock, which might postpone its completion.
Coinbase Promotes Its Offering with Deribit
Despite the achievement, Coinbase’s most recent earnings report produced mixed results. The corporation fell $200 million short of revenue estimates in the first quarter of 2025.
However, platform engagement remains high. USDC holdings on Coinbase surged 49% quarter over quarter, indicating that its user base is resilient in the face of financial challenges.
Coinbase’s inclusion in the S&P 500 signals a watershed point in the cryptocurrency industry’s rapid integration into traditional finance.
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author and should not be taken as investment advice. Do your research before taking any investment decisions.
Read more.
Trump Meme Coin Surges 60%: Current Price Insights, Reasons for Growth
Top 5 AI Crypto Tokens Performing Well
Jessica Hill is a dedicated journalist specializing in crypto news, with a profound interest in blockchain technology and digital currencies. With extensive experience in the financial sector, Jessica provides insightful analysis and in-depth coverage of the rapidly evolving cryptocurrency landscape. Her articles explore the intersection of technology, finance, and regulation, offering readers a nuanced perspective on developments within the crypto industry.
