Coinbase becomes first crypto exchange to join S&P 500
Coinbase on Monday became the first cryptocurrency exchange to join the Standard & Poor’s 500 index, marking a pivotal moment for the digital assets industry.
The inclusion on the S&P 500 also was a point of pride for Coinbase, which consumers use to buy, sell, transfer and store various cryptocurrencies, such as Bitcoin.
The S&P 500 tracks the stock performance of 500 leading publicly traded companies in the United States.
“This milestone represents what the true believers, from retail investors to institutional investors to our employees and partners, knew all along. Crypto is here to stay,” said Coinbase Chief Executive Brian Armstrong in a post on the social media platform X.
Coinbase first made its public debut in 2021, when it…
