Stock Coinbase officially joins S & P 500, milestone cementation for the company and cripto industry

Coinbase (Coin) Monday became the first and only cryptocurrency platform to see his actions join Benchmark S & P 500 (^ GSPC) Index, the milestones crypto bulls cheered throughout what has become a strenuous week of development for the company.

The cattle of the waite reduced 1% shortly after open Monday; The shares are more than 25% since the news of the breakdown a week ago, the company will join the index.

“Association Coinbase S & P 500 means Cripto here to stay,” CEO Coinbase Brian Armstrong He said Yahoo Finance last Wednesday.

“It will be in all 401 (k). Anyone will have a CRIPTO exposure, at least indirectly through the tavern, which is great. And it is also a symbol that is updated by the financial system,” he added.

But news for a tavern last week were not all positive as well as The company was discovered by Ciberattack who had compromised customer data. It is expected to strengthen the incident cost a company between $ 180 million and $ 400 million. Kointbase said they were not endangered credentials or passwords to log in.

Separately, coinbass confirmed a Report from New York Times That the Securities and Replacement Commission still have an open investigation whether the reviews of coinbasia have been re-examined many years ago.

Enthusiasm for supplies chilled last Thursday after news, dropping 7%.

COINBASE MAIN LEGAL CLIER, Paul Graval, said that the “offensive investigation from the previous Administration, we stopped before we stopped two and a half years ago”, “adding that” we remain committed to working with the DEC to get that issue closer. “

The company’s turning on with Bitcoin (BTC-USD) hovering over $ 102,000 per token, the highest level of January. The criptocurrency gathered 37%, because President Trump won the White House last year and put key data forwarding to the front with a token adapted, promising to campaign campaigns.

One of these moves on Setting up cryptocurrent lawyer Paul Atkins At the head of Sec after Gari Gensler deviated 20. January.

Under Gensler, agency has filled the coin Acting as unregistered national securities, broker and clearing agency. At the end of February, Coinbase announced Sex agreed to reject his execution case against the company.

Stock coin He jumped 24% last Tuesday As the bullocks of the waite celebrated the announcement of S & P that the stock would join S & P 500, looking at it as a wider movement of the tide for crypto under Trump Administration.