Coinbase (COIN) Shares Jump 8% Post-Market on S&P 500 Inclusion

05/13/2025 04:49
Coinbase (COIN) Shares Jump 8% Post-Market on S&P 500 Inclusion

The company is set to join the broad-market stock index on May 19, replacing Discover Financial.

The company is set to join the broad-market stock index on May 19, replacing Discover Financial.

May 12, 2025, 9:48 p.m.

Crypto exchange Coinbase (COIN) surged over 8% on Monday after market closing on news that the stock will be included in the broad-market S&P 500 stock index.

The company would replace Discover Financial starting on May 19, according to an S&P press release.

The S&P 500 tracks 500 of the largest publicly traded companies in the U.S. across several sectors, including tech, healthcare, finance and more. Prominent names in the index include Apple, Microsoft, Amazon and Google. COIN, at a market cap of nearly $53 billion, currently trades on the Nasdaq exchange.

Shares of the company jumped to as high as $225 following the reports, up 8.6% in post-market hours and adding to the nearly 4% gain on Monday.

Helene Braun

Helene is a New York-based markets reporter at CoinDesk, covering the latest news from Wall Street, the rise of the spot bitcoin exchange-traded funds and updates on crypto markets. She is a graduate of New York University's business and economic reporting program and has appeared on CBS News, YahooFinance and Nasdaq TradeTalks. She holds BTC and ETH.

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Helene Braun

Krisztian Sandor

Krisztian Sandor is a U.S. markets reporter focusing on stablecoins, tokenization, real-world assets. He graduated from New York University's business and economic reporting program before joining CoinDesk. He holds BTC, SOL and ETH.

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Krisztian Sandor

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