Coinbase had its best day since just after last year’s presidential election, as investors bought shares ahead of the company’s inclusion in the S&P 500.

AsianFin— Coinbase shares surged nearly 24% on Monday after S&P Dow Jones Indices announced the cryptocurrency exchange will be added to the S&P 500 Index, replacing Discover Financial Services. The change will take effect before markets open on May 19.

Coinbase could see $9 billion of buying from passive funds linked to the S&P 500 index and $7 billion from active allocations, Bernstein said. Coinbase is the first crypto company to join the flagship stock index and its inclusion could pave the way for other digital asset firms to join.

Even with a mixed Q1 2025 results, Coinbase saw a growth in subscription revenue and S&P 500 inclusion's effect on growth and valuation. Read more on why COIN's a Super Buy.

Coinbase's inclusion in S&P 500 is a watershed moment for crypto industry. Here's what it may mean for top meme coins including Bitcoin Pepe.

Rosenblatt analyst maintains Buy rating for Coinbase Global, raises price target to $300. Recent gains driven by S&P 500 addition and Deribit acquisition.

ARK Invest's CEO, Cathie Wood, referred to Coinbase (COIN), among some other innovation-focused companies, as being key players in blockchain technology which, according to her, continues to reinvent finance and technology.

Coinbase shares surged 24% on May 13, 2025. The move marks their biggest one-day gain since the day after Donald Trump's election victory. Inclusion of the stock to the S&P 500 led to this surge.

Coinbase (COIN) experiencing breakout moment, soaring 47% in past month due to S&P 500 inclusion and acquisition of Deribit. Technicals also strong.