Coinbase Joins S&P 500 as 15th Largest Trader Despite 83% Volume Drop

On May 19, 2025, Coinbase Global (COIN) experienced a trading volume of $3.271 billion, marking an 83.01% decrease from the previous day. This placed Coinbase at the 15th position in terms of trading volume among all stocks traded that day. The stock price of Coinbase Global (COIN) decreased by 0.93%.

Coinbase, the largest U.S. crypto exchange, officially joined the S&P 500 on May 19, 2025, replacing Discover Financial Services. This move marks a significant milestone for the cryptocurrency industry, as Coinbase becomes the first and only cryptocurrency platform to have its shares included in the benchmark S&P 500 index. This inclusion is expected to attract more institutional investors to the cryptocurrency market, potentially driving further growth and stability for the sector.

This addition to the S&P 500 is a testament to Coinbase's growing influence and legitimacy in the financial world. As the largest U.S. crypto exchange, Coinbase has played a pivotal role in making cryptocurrencies more accessible to the general public. The company's inclusion in the S&P 500 is likely to enhance its credibility and attract more investors, both retail and institutional, to the cryptocurrency market.