Reported about 14 hours ago
Coinbase Global is set to join the S&P 500 on May 19, replacing Discover Financial Services, following a significant 25% rise in its shares. Analysts are optimistic about Coinbase's prospects amid a revitalized US crypto market under the Trump administration, highlighting its dominance with a 66% market share. This inclusion marks a pivotal moment for the cryptocurrency sector, as Coinbase becomes the first crypto company listed in the S&P 500, potentially increasing mainstream exposure to digital assets.
Source: YAHOO