{"id":23922,"date":"2025-05-13T11:20:33","date_gmt":"2025-05-13T08:20:33","guid":{"rendered":"https:\/\/forklog.com\/en\/coinbase-to-join-sp-500-as-first-crypto-company\/"},"modified":"2025-05-13T11:20:33","modified_gmt":"2025-05-13T08:20:33","slug":"coinbase-to-join-sp-500-as-first-crypto-company","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/coinbase-to-join-sp-500-as-first-crypto-company\/","title":{"rendered":"Coinbase to Join S&#038;P 500 as First Crypto Company"},"content":{"rendered":"<p>Starting May 19, Coinbase shares <a href=\"https:\/\/www.spglobal.com\/spdji\/en\/documents\/indexnews\/announcements\/20250512-1478052\/1478052_dfs5.pdf\">will be included<\/a> in the S&#038;P 500 index, replacing Discover Financial Services.<\/p>\n<p>Following this announcement, the market capitalization of the bitcoin exchange rose by 7.9% to $52.78 billion at the close of the trading session.<\/p>\n<p>Coinbase shares increased to $207.22, remaining below the December peak of $343.<\/p>\n<p>Since the beginning of the year, Coinbase shares have decreased by 16.54%.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"309\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/1-1556-1024x309.png\" alt=\"1-1556\" class=\"wp-image-258571\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/1-1556-1024x309.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/1-1556-300x90.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/1-1556-768x231.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/1-1556.png 1281w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Daily chart of Coinbase shares on the Nasdaq exchange. Data: <a href=\"https:\/\/finviz.com\/quote.ashx?t=COIN&#038;p=d\" title=\"\">Finviz<\/a>.<\/figcaption><\/figure>\n<p>Trading of the bitcoin exchange&#8217;s shares began in April 2021 at $381.<\/p>\n<p>In March, <span data-descr=\"Chief Financial Officer\" class=\"old_tooltip\">CFO<\/span> of the platform Alesia Haas<a href=\"https:\/\/u1f987.com\/en\/news\/coinbase-revisits-launch-of-tokenized-securities-trading\"> announced<\/a> discussions with the <span data-descr=\"U.S. Securities and Exchange Commission\" class=\"old_tooltip\">SEC<\/span> about launching operations with tokenized securities.<\/p>\n<p>In April, Coinbase<a href=\"https:\/\/u1f987.com\/en\/news\/coinbase-explores-us-federal-banking-license\"> confirmed<\/a> rumors about the possibility of applying for a U.S. federal bank license.<\/p>\n<p>In May, the company<a href=\"https:\/\/u1f987.com\/en\/news\/coinbase-strikes-2-9-billion-deal-to-acquire-deribit\"> agreed<\/a> to acquire Deribit, the largest platform for trading bitcoin options. The deal amounted to $2.9 billion.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Starting May 19, Coinbase shares will be included in the S&#038;P 500 index, replacing Discover Financial Services. Following this announcement, the market capitalization of the bitcoin exchange rose by 7.9% to $52.78 billion at the close of the trading session. Coinbase shares increased to $207.22, remaining below the December peak of $343. Since the beginning [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":23921,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[138,1211],"class_list":["post-23922","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-coinbase","tag-stock-market"],"aioseo_notices":[],"amp_enabled":true,"views":"22","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/23922","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=23922"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/23922\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/23921"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=23922"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=23922"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=23922"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}