💣Big news shaking the stock and digital markets

The stock of @coinbase) $COIN) sees a significant rise today following the official announcement of its inclusion in the S&P 500 index on May 19, becoming the first crypto company to be listed in this global index🚀

⬅️What caused the rise?

•Coinbase's inclusion in S&P 500 means that all funds tracking the index (such as investment funds and exchange-traded funds) will automatically purchase COIN stock.✅

•The stock rose over 9% to approximately $225 ✅ (in after-hours trading).

•The news indicates recognition by major financial institutions of the strength of the digital currency market.✅

🎙️Additionally, a previous announcement from Coinbase regarding a $2.9 billion acquisition deal for the Deribit platform, which specializes in Bitcoin and Ethereum derivatives.

🚨Note: So far, there is no digital currency specific to Coinbase, but there are hints about the issuance of a digital version of the $Coin stock that is still unofficial.

🔥If a currency is issued for the Coinbase network and platform, it could easily compete with major network currencies like $BNB $ETH $SOL 🚀