Coins to become the first crypto firm that joined S & P 500

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Coins to become the first crypto firm that joined S & P 500

The CRIPTO Exchange Coinbase Global is set to join the standard and the poor 500 (S & P 500), and the 19th May becomes the first and currently CRIPTO firm to enter it in the index.

Crypto Exchange will replace the discovery of financial services (DFS), recently acquired capital financial corp (COF), S & P global said 12. May.

The S & P 500 is an exchanging stock market, accompanied by the performance of 500 largest, public companies in the United States, represent a wide measure of the total number US Stock Exchange.

The inclusion of Coinbase in the S & P 500 should increase the request for your supplies because the index funds and Commercial funds This tracking S & P 500 must buy a coin action to mirror the index.

The S & P 500 followed the total market cover of $ 49.8 trillion from 31. Marta. It is an index in the caps market, giving more weight to larger companies such as Microsoft, Apple and Nvidia. The bottom of 400 companies, where there are probably a tavern, usually weighted between 0.01% and 0.2% of the total index.

Coin actions Immediately increased by 8.8% to $ 225.4 in trade after announcement after announcement, Google Finance data It shows. The company also completed a trading day in March 12%, bringing its market cap to $ 52.8 billion.

COINBASE MAIN FINANCIAL CLEARANCE ALEESIA HAAS said The inclusion has marked the “main milestone” for a coin and the wider crypto industry.

“Joining this prestigious index reflects how far the coinbass and industry came and whether the signal is where the world is moving.”

Cripto Exchange joined Tesla (TSLA) and Block Inc. (SK) as large owners of corporate bitcoin currently in the index.

Stacking firm strategy Bitcoin (MSTR) was also seen as a candidate S & P 500 Last year. However, the entry companies must be profitable in the last calendar year and the latest qualification quarter.

Strategy posted a net loss of $ 4.2 billion For the first quarter of 2025. Maja suggests that it will not be turned on soon.

The inclusion in the S & P 500 also requires companies to trade on a large American stock exchange, such as New York Stock Exchange or Nasdak, who create at least half of its income in the United States and who has Market cap above 18 billion dollars. The strategy meets these other requirements.