Coinbase is the first crypto company in the S&P 500

Coinbase is recorded in the S&P 500 – a milestone that reflects both the financial development of the company and the growing trust of Wall Street in the crypto sector.

The stock exchange will replace discover financial services in the index and thus achieve a new stage of legitimacy for companies in the field of digital assets.

The news increased the coin share in post-market trading by 8%, with the course commuting at around $ 226-still far from the highest level of 2021, but with a strong dynamic since the beginning of the year. The recording takes place after Coinbase has presented a profitable first quarter with an adjusted net profit of $ 527 million and a turnover of $ 2 billion.

Coinbase has been a bumpy path since its IPO in 2021, with its initial rating of $ 85 billion with the cooling of the cryptom market. However, a number of profitable quarters and regulatory tailwind under the Trump government have revived the interest of investors.

The stock exchange recently made headlines with a $ 2.9 billion takeover from Deribit, a platform for crypto derivatives. This step signals the intention of Coinbase, not only to dominate the spot trade, in which the company is already a leader in the USA, but also the derivative trade, which is by far the largest part of the global cryptom market.

While competitors such as octopuses and Gemini consider a IPO and expand established financial companies such as Visa and PayPal their crypto offer, Coinbase is a class in its own by adding the S&P 500. Despite its large Bitcoin stocks, Microstrategy remains outside the index due to its lower market capitalization.

With the approach of traditional finance and cryptocurrencies, Coinbase, with its entry into the S&P 500, consolidates its role as a bridge between two financial worlds, which were once considered incompatible.