Coinbase Makes History as First Crypto Company to Join S&P 500: Market Implications and Future Outlook
In a landmark development for the cryptocurrency industry, Coinbase Global Inc. (NASDAQ: COIN) is set to join the prestigious S&P 500 index, effective prior to market opening on Monday, May 19, 2025. This historic inclusion marks the first time a cryptocurrency-focused company will be represented in what is widely considered the most important stock market index in the United States. Coinbase will replace Discover Financial Services (NYSE: DFS), which is being acquired by Capital One Financial Corp. (NYSE: COF).
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