According to the latest developments reported by Bloomberg, Coinbase, the largest cryptocurrency exchange in the United States, is preparing to join the S&P 500 index.

The S&P 500 Index (Standard & Poor's 500) is a market capitalization-weighted stock index that measures the performance of the largest 500 publicly traded companies in the United States. It is one of the most followed indices by investors to track the overall condition of the U.S. economy and the performance of the stock market.

To be listed on the S&P 500 index, a company must meet certain strict criteria set by S&P Dow Jones Indices. First, the company's headquarters must be in the United States, and it must be an American company. It is also expected to have a market capitalization of at least $15 billion; this threshold may be updated over time.

The company's shares must be highly liquid, meaning they are traded regularly and in large volumes. Free float is also important; at least 50% of the shares must be freely traded. Financially, the company must have positive net income in the last four quarters. Additionally, these shares must be traded on major U.S. exchanges such as the New York Stock Exchange, Nasdaq, and the Chicago Exchange.

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