Coinbase Stock Soars 9.81% on S&P 500 Inclusion

On May 13, 2025, Coinbase Global's stock surged by 9.81% in pre-market trading, marking a significant rise in its share price.

Coinbase Global has made history by becoming the first cryptocurrency company to be included in the S&P 500 index. This inclusion is a major milestone for the cryptocurrency sector, signaling its growing acceptance in mainstream finance. The announcement led to a significant surge in Coinbase's stock, with shares jumping over 10% in after-hours trading.

Coinbase's addition to the S&P 500 is expected to boost demand for its stock, as index funds and ETFs tracking the S&P 500 will need to purchase COIN shares to reflect the index's composition. This move comes at a time when Bitcoin has recently surpassed the $100,000 mark, further highlighting the growing interest in cryptocurrencies.

Coinbase's inclusion in the S&P 500 is seen as a major step towards mainstream acceptance of cryptocurrencies. The company has also recently announced a $2.9 billion acquisition of Deribit, which will enhance its global presence in the crypto market. This acquisition is expected to finalize before the end of the year, further solidifying Coinbase's position in the industry.