Coinbase Global Soars 9.76% on S&P 500 Inclusion

On May 13, 2025, Coinbase Global's stock surged by 9.76% in pre-market trading, marking a significant rise in its share price.

Coinbase Global's recent surge in stock price can be attributed to its historic inclusion in the S&P 500 index. This move marks a significant milestone for the cryptocurrency industry, as Coinbase becomes the first crypto company to be added to the prestigious index. The inclusion is seen as a major step towards the mainstream acceptance of cryptocurrencies, following Bitcoin's recent price surge.

The announcement of Coinbase's addition to the S&P 500 has triggered heavy buying from index-tracking funds, driving up the stock price. This development is expected to further boost investor confidence in the cryptocurrency market, as it signals growing institutional interest and validation.