Coinbase Rallies 8% After Securing Spot in S&P 500

Coinbase Jumps After S&P 500 Index Nod, Cementing Crypto’s Wall Street Footprint

Coinbase (COIN) rallied in after-hours trading Monday, gaining over 8%, after S&P Dow Jones Indices announced the crypto exchange will be added to the S&P 500 on May 19, replacing Discover Financial, which is being acquired by Capital One.

The move is a landmark moment for both Coinbase and the broader digital assets space, signaling deeper integration of crypto-related firms into traditional financial indices. With a market capitalization approaching $53 billion, Coinbase will now sit alongside corporate giants like Apple, Microsoft, and Amazon on the benchmark index.

Traded on Nasdaq, COIN surged to $225 following the announcement. The news also builds on a strong trading day, where the stock closed up nearly 4% during regular market hours.

“Inclusion in the S&P 500 isn’t just symbolic—it changes the liquidity profile of the stock dramatically,” said Juan Leon, senior strategist at Bitwise. “Index funds and institutional portfolios will now be required to hold Coinbase, increasing daily flows into the stock by several multiples.”

Analysts see the inclusion as a validation of crypto’s staying power within mainstream finance and a significant milestone in Coinbase’s evolution from a niche exchange to a core part of U.S. capital markets.