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2025-05-13 17:03:42

Coinbase To Enter S&P 500 Is A Historic Step For The Crypto Industry

Starting May 19, Coinbase (COIN) shares will replace Discover Financial Services in the S&P 500 index, becoming the first crypto company to be included in the main US stock index.

 Market reaction:

  •  COIN stock: +7.9% on the day
  •  Capitalization: $52.78 billion
  •  Current price: $207.22 (still below the December peak of $343)

 Since the beginning of the year, the securities have fallen by -16.54%, but inclusion in the index may attract passive funds and institutions.

 Context:

  •  In March, Coinbase discussed with the SEC the launch of tokenized securities trading
  •  In April, there were rumors about a license from a US federal bank
  •  In May, it bought Deribit for $2.9 billion, the largest BTC options platform

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