Coinbase Global (COIN) and First Solar (FSLR) stock led another day of exuberant market gains, soaring over +20% respectively.
One of the world's most well-known stock market indexes, the S&P 500, will soon look a little different. That's because its roster of 500 companies is getting a shakeup, which will see the cryptocurrency exchange Coinbase Global join the index.
Shares of Coinbase Global Inc (NASDAQ:COIN) rose nearly 19% on Tuesday after S&P Dow Jones Indices announced the cryptocurrency exchange will join the S&P 500, marking a major milestone for the digital-asset sector. The move makes it the first crypto-focused company to be added to the benchmark U.S.
Coinbase (NASDAQ: COIN) flew high in the night between May 12 and May 13, 2025, as the world's biggest publicly-traded cryptocurrency exchange is set to join the S&P 500.
Coinbase, which trades on the Nasdaq under the ticker symbol COIN, will replace Discover Financial.
Coinbase Global Inc. is joining the S&P 500 index next Monday, S&P Dow Jones Indices announced.
Coinbase is joining the S&P 500, replacing Discover Financial, which is being acquired. Shares of the crypto exchange soared in extended trading after the announcement.
Zacks.com users have recently been watching Coinbase Global (COIN) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Coinbase reported a Q1 2025 EPS miss of -87%. The stock did not move much. Referencing my previous Coinbase coverage, I explain why I expected this miss and how I can see Coinbase achieving much higher than expected EPS later this year. Key drivers are; an ongoing Bitcoin bull market, strong service revenue growth, and a slight re-rating of their valuation.
Brian Armstrong says Coinbase is ready to partner with any bank or financial institution that wants to expand into crypto.
COIN's Q1 results reflect higher consumer and institutional transaction revenues and crypto asset prices.
Coinbase Global Inc (NASDAQ:COIN) is set to acquire Deribit, a crypto derivatives exchange based in Dubai, for $2.9 billion in a move that will significantly boost its international presence and place it in direct competition with global heavyweight Binance. The deal, announced Thursday, includes $700mn in cash and 11mn Coinbase class A shares.