Coinbase Makes History: First Crypto Firm to Join S&P 500
Coinbase ($COIN) is set to become the first cryptocurrency company included in the S&P 500, replacing Discover Financial Services on May 19. This milestone signifies a major step toward mainstream adoption of crypto in traditional finance. Following the announcement, Coinbase's stock surged by up to 25%, and Bitcoin climbed above $104,000, reflecting growing investor confidence in the crypto market.
