Keneth Beraun
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Coinbase has become the first cryptocurrency company to enter the S&P 500 index!
Just yesterday, cryptocurrency exchanges were banned from advertising on Google, and today the stocks of one of them are being added to the main index of the American stock market:
Starting May 19, 2025, Coinbase shares will officially be included in the S&P 500 index, replacing Discover Financial Services.
Why is this important:
• Recognition of legitimacy. The S&P 500 index includes only companies that meet strict criteria for liquidity, capitalization, financial stability, and reporting. Coinbase, with a profit of $65.6 million in the first quarter of 2025, has confidently passed this filter.
Starting May 19, 2025, Coinbase shares will officially be included in the S&P 500 index, replacing Discover Financial Services.
Why is this important:
• Recognition of legitimacy. The S&P 500 index includes only companies that meet strict criteria for liquidity, capitalization, financial stability, and reporting. Coinbase, with a profit of $65.6 million in the first quarter of 2025, has confidently passed this filter.
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