Coinbase stock surges on news crypto exchange is joining S&P 500
SAN FRANCISCO (KRON) — Coinbase is set to join the S&P 500, the company announced on Monday. The crypto exchange will reportedly replace Discover Financial Service in the benchmark index.
Coinbase Chief Financial Officer Alesia Haas called the move “another summit scaled on Coinbase’s drive towards economic freedom,” in a blog post on the company website.
“It’s been a monumental few months for crypto, with the election of a pro-crypto federal government, BTC and USDC reaching new all-time highs, and now the inclusion of COIN as the first and only crypto company in the S&P 500, a well-respected benchmark for the U.S. economy,” Hass said.
