{"id":52313,"date":"2025-05-13T03:30:08","date_gmt":"2025-05-13T03:30:08","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/coinbase-stock-jumps-8-as-sp-500-inclusion-promises-broader-exposure\/"},"modified":"2025-05-13T03:30:08","modified_gmt":"2025-05-13T03:30:08","slug":"coinbase-stock-jumps-8-as-sp-500-inclusion-promises-broader-exposure","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/coinbase-stock-jumps-8-as-sp-500-inclusion-promises-broader-exposure\/","title":{"rendered":"Coinbase stock jumps 8% as S&#038;P 500 inclusion promises broader exposure"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"-mt-16  mb-8  lg:-mt-20  rounded-md  shadow-md\">\n<div class=\"relative  z-10  post-article-image  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/11\/shutterstock_1050057539-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/11\/shutterstock_1050057539-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/11\/shutterstock_1050057539-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/11\/shutterstock_1050057539-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                            <\/div>\n<\/p><\/div>\n<ul>\n<li>Coinbase (COIN) shares surged over 8% after-hours on news of its S&amp;P 500 inclusion.<\/li>\n<li>Coinbase will replace Discover Financial in the index effective before market open on May 19.<\/li>\n<li>The inclusion marks a significant milestone, giving broad investor\/portfolio exposure to a crypto firm.<\/li>\n<\/ul>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">Shares of cryptocurrency exchange Coinbase (COIN) experienced a significant surge in after-hours trading on Monday following the landmark announcement that the company will be added to the prestigious S&amp;P 500 stock index. <\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">This inclusion marks a pivotal moment for Coinbase and the broader digital asset industry, signaling increased mainstream acceptance and potentially ushering in a new wave of investor exposure.<\/span><\/p>\n<h2 class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">A new entrant to Wall Street\u2019s premier index<\/span><\/h2>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">Coinbase is set to join the S&amp;P 500, which tracks 500 of the largest publicly traded US companies across diverse sectors, effective before the market opens on May 19. <\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">According to an S&amp;P press release, Coinbase will replace Discover Financial Services (DFS) in the index, as Discover is currently in the process of being acquired by Capital One. <\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">With a market capitalization nearing $53 billion, Coinbase, which currently trades on the Nasdaq exchange, will soon rub shoulders with Wall Street titans like Apple, Microsoft, Amazon, and Google within the S&amp;P 500.<\/span><\/p>\n<h2 class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">Crypto gains mainstream exposure<\/span><\/h2>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">The inclusion of a crypto-focused company like Coinbase in such a widely followed benchmark index is a significant development. <\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">It means that millions of everyday investors, as well as numerous model portfolios and index-tracking funds, will now gain direct exposure to the digital asset sector through their holdings.<\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">The anticipated impact on trading volume is substantial. \u201cCOIN about to be in every portfolio in America,\u201d commented Juan Leon, senior investment strategist at asset manager Bitwise, in a post on X (formerly Twitter). <\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">He projected, \u201cThe S&amp;P 500 inclusion is going to force 7x the daily trading volume into [the] stock,\u201d as index funds rebalance their portfolios to include the new constituent.<\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">News of the impending S&amp;P 500 inclusion sparked immediate investor excitement. <\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">Coinbase shares jumped to as high as $225 in post-market trading, an increase of 8.6%, building upon a nearly 4% gain achieved during Monday\u2019s regular trading session.<\/span><\/p>\n<h2 class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">Coinbase\u2019s journey and eligibility<\/span><\/h2>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">This milestone comes just over three years after Coinbase\u2019s public debut on the Nasdaq in 2021, at which time it had a market capitalization of $52.78 billion. <\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">While its current share price (closing at $207.22 on Monday) remains below its 2021 peak (above $357), the company has increasingly bridged the gap between the crypto world and traditional finance, particularly as institutional interest in digital assets has grown.<\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">Eligibility for the S&amp;P 500 is stringent, requiring companies to report a profit in their most recent quarter and demonstrate cumulative profitability over the preceding four quarters. <\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">According to CNBC reports, Coinbase has met all these criteria. <\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">The company recently reported a profit of $65.6 million for its latest quarter. While this is a significant decrease from the $1.18 billion profit reported a year prior, its revenue has shown healthy year-over-year growth of approximately 24%, reaching $2.03 billion.<\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">Coinbase\u2019s addition to the S&amp;P 500, which already includes a diverse range of technology companies beyond just large-cap tech, follows other recent tech-related inclusions such as Dell, Palantir, Super Micro Computer, and CrowdStrike, reflecting the evolving composition of the US economic landscape.<\/span><\/p>\n<hr class=\"ng-star-inserted\"\/>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/crypto-news-today-coinbase-shares-surge-on-sp-500-inclusion-news-marking-crypto-milestone\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) Coinbase (COIN) shares surged over 8% after-hours on news of its S&amp;P 500 inclusion. Coinbase will replace Discover Financial in the index effective before market open on May 19. The inclusion marks a significant milestone, giving broad investor\/portfolio exposure to a [&hellip;]<\/p>\n","protected":false},"author":3947362378,"featured_media":52314,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/52313"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/3947362378"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=52313"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/52313\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/52314"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=52313"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=52313"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=52313"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}