Coinbase Global, Inc. is a leading digital currency platform that enables users to buy, sell, and trade a variety of cryptocurrencies, including Bitcoin, Ethereum, and many others. The company provides a user-friendly interface for both individual investors and institutional clients, offering services such as cryptocurrency trading, wallet solutions, and educational resources about the digital currency space. Additionally, Coinbase is involved in the broader blockchain ecosystem, supporting developers and businesses in building applications that utilize cryptocurrency and blockchain technology. Through its innovative offerings, Coinbase aims to make digital currencies accessible and secure for everyone. Read More
Shares of blockchain infrastructure company Coinbase (NASDAQ:COIN) jumped 22.9% in the afternoon session after the S&P Dow Jones Indices announced that the company would join the S&P 500 Index before the start of trading on Monday, May 19, 2025. The S&P 500 is a widely followed index that tracks the performance of the 500 largest companies in the United States.
Bernstein bullish on Coinbase after S&P 500 inclusion, projecting $16B in potential inflows from passive & active investment. Also first crypto firm to join benchmark index.
Large-cap stocks have the power to shape entire industries thanks to their size and widespread influence.
With such vast footprints, however, finding new areas for growth is much harder than for smaller, more agile players.
U.S. stock markets experienced a robust rally today, with the Nasdaq surging over 4% and the S&P 500 climbing by 3.26%. The Dow Jones Industrial Average also saw a significant rise of 2.8%. These are the top stocks that gained the attention of retail traders and investors throughout the day:
Coinbase Global Inc., America's largest crypto exchange, is set to join the S&P 500, replacing Discover Financial Services (NYSE: DFS) in the benchmark index, according to a Monday announcement.
