Coinbase’s S&P 500 Listing Boosts Shares by 8% as Industry Gains Institutional Recognition

Shares in Coinbase soared by 8%, reflecting a significant market response to its inclusion in the S&P 500, marking a major milestone for the cryptocurrency industry. The company’s inclusion replaces Discover Financial Services, effective before trading on May 19, 2025. Coinbase’s integration into the prestigious index highlights the evolving role of cryptocurrencies within mainstream finance.