Coinbase Shares Jump as Company Prepares to Join S&P 500

Coinbase International will turn out to be the first-ever crypto firm to be included within the benchmark index subsequent week.

The San Francisco-based crypto trade will change Uncover Monetary Providers within the S&P 500 on Might 19, according to the discharge.

“Thanks to everybody who made it doable for a crypto firm to affix the S&P 500 for the primary time in historical past,” the agency said on X.

See more

Because the saying goes…

“First they ignore you.
Then they chuckle at you.
Then they struggle you.
Then they add you to the S&P 500.”

…or one thing like that.

— Coinbase ️ (@coinbase) May 12, 2025

Coinbase Inventory Jumps

The S&P 500 is a coveted index for giant corporations opening up their inventory to a broader investor base. It additionally supplies publicity to passive funds that observe the benchmark and actively managed funds that will have limitations on the place they will make investments.

Coinbase, the primary main cryptocurrency firm to go public in 2021, managed to report a revenue for the final quarter, which is a requirement for inclusion within the S&P 500.

“This milestone represents what the true believers, from retail buyers to institutional buyers to our workers and companions, knew all alongside. Crypto is right here to remain,” said Coinbase CEO Brian Armstrong.

He added two additional ideas: “Crypto is about to be in everybody’s 401 (okay)” pension fund, and his objective is that in 5 to 10 years, “entering into the COIN50 index will really feel nearly as good as this.”

See more

Two different ideas:
1. Crypto is about to be in everybody’s 401k
2. My objective is that in 5-10 years, entering into COIN50 index will really feel nearly as good as this https://t.co/fXfk2tJ6g8

— Brian Armstrong (@brian_armstrong) May 12, 2025

Coinbase shares jumped 11% in after-hours buying and selling on Might 12, to return just under $230, according to Google Finance.

Nevertheless, the agency’s shares have had a troublesome 12 months, falling 41% for the reason that starting of 2025 because the Trump administration’s commerce tariffs have torn by inventory markets.

The S&P 500 climbed 3.2% on Monday because the restoration from its early April droop continues, however the index stays down 37% for the reason that starting of this 12 months.

Disappointing Q1

Final week, Coinbase reported a disappointing first quarter, citing a fall in crypto costs alongside the broader market, as a consequence of tariffs and financial uncertainty.

The crypto trade reported a web revenue of $65.6 million, down from $1.18 billion a 12 months earlier. Nevertheless, income was up 24% to $2.03 billion from $1.64 billion in the identical interval a 12 months in the past.

Coinbase additionally announced plans earlier this month to purchase Dubai-based crypto derivatives trade Deribit for $2.9 billion within the largest crypto business deal to this point.