Coinbase Shares Jump as Company Prepares to Join S&P 500
The post Coinbase Shares Jump as Company Prepares to Join S&P 500 appeared on BitcoinEthereumNews.com. Coinbase Global will become the first-ever crypto company to be included in the benchmark index next week. The San Francisco-based crypto exchange will replace Discover Financial Services in the S&P 500 on May 19, according to the release. “Thank you to everyone who made it possible for a crypto company to join the S&P 500 for the first time in history,” the firm stated on X. As the saying goes… “First they ignore you.Then they laugh at you.Then they fight you.Then they add you to the S&P 500.” …or something like that. — Coinbase ️ (@coinbase) May 12, 2025 Coinbase Stock Jumps The S&P 500 is a coveted index for large companies opening up their stock to a broader investor base. It also provides exposure to passive funds that track the benchmark and actively managed funds that may have limitations on where they can invest. Coinbase, the first major cryptocurrency company to go public in 2021, managed to report a profit for the last quarter, which is a requirement for inclusion in the S&P 500. “This milestone represents what the true believers, from retail investors to institutional investors to our employees and partners, knew all along. Crypto is here to stay,” said Coinbase CEO Brian Armstrong. He added two further thoughts: “Crypto is about to be in everyone’s 401 (k)” pension fund, and his goal is that in 5 to 10 years, “getting into the COIN50 index will feel as good as this.” Two other thoughts:1. Crypto is about to be in everyone’s 401k2. My goal is that in 5-10 years, getting into COIN50 index will feel as good as this https://t.co/fXfk2tJ6g8 — Brian Armstrong (@brian_armstrong) May 12, 2025 Coinbase shares jumped 11% in after-hours trading on May 12, to come just below $230, according to Google Finance. However, the…
The post Coinbase Shares Jump as Company Prepares to Join S&P 500 appeared on BitcoinEthereumNews.com.
Coinbase Global will become the first-ever crypto company to be included in the benchmark index next week. The San Francisco-based crypto exchange will replace Discover Financial Services in the S&P 500 on May 19, according to the release. “Thank you to everyone who made it possible for a crypto company to join the S&P 500 for the first time in history,” the firm stated on X. As the saying goes… “First they ignore you.Then they laugh at you.Then they fight you.Then they add you to the S&P 500.” …or something like that. — Coinbase ️ (@coinbase) May 12, 2025 Coinbase Stock Jumps The S&P 500 is a coveted index for large companies opening up their stock to a broader investor base. It also provides exposure to passive funds that track the benchmark and actively managed funds that may have limitations on where they can invest. Coinbase, the first major cryptocurrency company to go public in 2021, managed to report a profit for the last quarter, which is a requirement for inclusion in the S&P 500. “This milestone represents what the true believers, from retail investors to institutional investors to our employees and partners, knew all along. Crypto is here to stay,” said Coinbase CEO Brian Armstrong. He added two further thoughts: “Crypto is about to be in everyone’s 401 (k)” pension fund, and his goal is that in 5 to 10 years, “getting into the COIN50 index will feel as good as this.” Two other thoughts:1. Crypto is about to be in everyone’s 401k2. My goal is that in 5-10 years, getting into COIN50 index will feel as good as this https://t.co/fXfk2tJ6g8 — Brian Armstrong (@brian_armstrong) May 12, 2025 Coinbase shares jumped 11% in after-hours trading on May 12, to come just below $230, according to Google Finance. However, the…
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