{"id":156822,"date":"2025-05-13T14:00:26","date_gmt":"2025-05-13T11:00:26","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=156822"},"modified":"2025-05-13T13:50:54","modified_gmt":"2025-05-13T10:50:54","slug":"wall-street-welcomes-coinbase-as-it-enters-the-sp-500","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/wall-street-welcomes-coinbase-as-it-enters-the-sp-500\/","title":{"rendered":"Wall Street Welcomes Coinbase as It Enters the S&P 500"},"content":{"rendered":"
The exchange will replace Discover Financial Services on the index, marking a new level of legitimacy for digital asset firms.<\/p>\n
The news drove COIN shares up 8% in after-hours trading, with the stock hovering around $226\u2014still well off its 2021 high but showing strong year-to-date momentum. The inclusion comes after Coinbase posted a profitable first quarter with $527 million in adjusted net income and $2 billion in revenue.<\/p>\n
Coinbase has faced an uneven path since going public in 2021, with its early valuation of $85 billion falling as the crypto market cooled. However, a string of profitable quarters and regulatory tailwinds under the Trump administration have revived investor interest.<\/p>\n