Coinbase amplifies crypto’s shiny object syndrome — TradingView News
The $60 bln cryptocurrency exchange operator will join the S&P 500 Index, putting decentralized finance into far more investment portfolios. It’s a fresh step in legitimizing digital money, following ETFs and lax oversight. The glossy veneer, however, belies a murky industry.
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CONTEXT NEWS
S&P Global Indices said on May 12 that shares of cryptocurrency exchange operator Coinbase would be added to the S&P 500 Index, replacing credit card provider Discover Financial Services, which is being acquired by Capital One Financial.
Coinbase shares jumped more than 15%, to $238.80, at 1015 EDT on May 13.
