Coinbase jumps 22% after turning on S & P 500

Coin Actions increased by more than 20% on Tuesday and headed for the sharpest gatherings from the day later President Donald Trump Election victory After switching on CRIPTO Exchange in S & P 500.

S & P global said in release late Monday which Coin is replacement Discover financial services, which are in the procurement process Financial capital. The change will take effect before trade on Monday.

The supplies added to the S & P 500 are often increased, because the funds following the measure will add it to their portfolios. For coincas, it is the latest sharp move in what was volatile for a few months, because Trump was chosen to return to the White House.

Actions of a tavern rocketed 31% 6. November, the day after the election, on the optimism that incoming administrations will adopt more cryptological policies that follows after challenging and litigations four years during President Joe Biden’s An expression in operation.

The company and CEO of Brian Armstrong were Key financial supporters In the 2024 campaign. Years, book candidates for crypto, up and down the map. Kointbase was one of the top corporate donors, giving more than $ 75 million to Pac named Fairshake and his branches. Armstrong personally contributed more than $ 1.3 million per combination of candidates.

While the beginning of Trump term is mostly favorable for the crypto industry, through deregulation and an executable to establish a strategic Bitcoin Reserve, so far it has so far paused. This is partly in the scale of concerns of the surrounding personal efforts of Trump to benefit from crypto through memes coins and other family initiatives.

The coin was also at the roller-coaster, falling 26% in February and 20% in March as Trump’s tariff announcements of announcements and pushed investors from risk. With the rally on Tuesday, the stock is now about 2% during the year.

Then publicly Through a direct list in 2021. year, coins became most of the US financial system, and Bitcoin rose in value and large institutions that receive regulatory approval for creating Bitcoin Means Bitcoin.

Bitcoin last week last week, overflowing $ 100,000 and approached her record price reached in January. The CRIPTO currency exceeded $ 104,000 on Tuesday.

To join S & P 500, the company had to report a profit in the last quarter and has a cumulative profit compared to the four latest quarters.

Coinbass last week export Net revenue of $ 65.6 million, or 24 cent stake, with $ 1.18 billion, or $ 4.40 share annually, after the accounting for fair value of its cryptological investments. The income increased by 24% to 2.03 billion dollars of $ 1.64 billion a year ago a year ago.

The company also announced last week Dubai-based deribis purchase plansThe main exchange of crypt’s derivatives for $ 2.9 billion. An agreement, which is the largest in the Cripto industry to date, it will help the coin extend its imprint in front of the US

Watch: Bitcoin crosses 100,000 dollars