Coinbase Stock Soars 15% After Inclusion in S&P 500

Coinbase stock experienced a significant surge, jumping by over 15% following its inclusion in the prestigious S&P 500 Index. This landmark event has sparked renewed investor confidence and increased institutional interest. Analyst Owen Lau from Oppenheimer noted that the inclusion marks a shift in the market outlook, potentially boosting Coinbase’s valuation. While CEO Brian Armstrong hasn’t commented on the move yet, analysts predict increased investment from financial institutions, driven by the broader market implications of Coinbase’s listing.