Coinbase, which is the largest cryptocurrency exchange in America, will join the S&P 500 index, making it the first company specialized in crypto to enter this index. The stock of Coinbase, with the symbol COIN, jumped 8% after this news. This index includes the largest 500 companies in America, and Coinbase's inclusion is considered a significant recognition of it in the financial world. The stock is currently trading at around $226, but it had reached its highest value last December, exceeding $343. By the way, Coinbase went public in 2021. Analysts expect it to perform well in this index.

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