CoinInsight360.com logo CoinInsight360.com logo
America's Social Casino

cryptonews 2025-05-13 04:18:34

Coinbase Stock Soars Over 10% on Imminent S&P 500 Debut

Coinbase shares jumped more than 10% in after-hours trading on Monday following confirmation that the exchange will join the S&P 500 Index next week. S&P Dow Jones Indices said Coinbase will replace Discover Financial Services ahead of trading on May 19. The milestone comes as Coinbase marks over three years since its direct listing on Nasdaq, making it the largest publicly traded pure-play crypto firm. The exchange now boasts a market value of roughly $53b. Coinbase just became the first and only crypto company to join the S&P 500. This milestone represents what the true believers, from retail investors to institutional investors to our employees and partners, knew all along. Crypto is here to stay. https://t.co/MnMRCX8pMg — Brian Armstrong (@brian_armstrong) May 12, 2025 Strict Inclusion Rules Demand Positive Earnings Now and Over Prior Year Investors have rewarded the company with a roughly 260% gain over the past two years despite turbulence across the sector. High-profile scandals and the collapse of major platforms triggered sharp sell-offs, while the stock fell nearly 17% this year even as Bitcoin climbed close to 10%. In order to qualify for S&P 500 inclusion, companies must report positive earnings in the most recent quarter and cumulatively across the prior four quarters. Coinbase’s results have been volatile. The firm posted strong revenue of $7.4b in 2021 but swung to a loss of $1.1b dollars in the second quarter of 2022. In the first quarter of this year, revenue rose about 24% compared with the same period last year to $2b, although it slipped about 10% from the fourth quarter. Net income fell 94% to $66m as the exchange marked its crypto holdings to market. Major Deal Signals Renewed Confidence in Digital Asset Sector Meanwhile, Coinbase revealed plans to acquire Deribit for $2.9b , one of the largest deals in the industry’s history. The move comes amid renewed deal-making spurred by returning political support for digital assets. Under the current administration, regulators have taken a more permissive stance toward crypto firms. Rival platforms such as Bullish, Gemini and Kraken have already signalled plans to pursue public listings in the more favourable climate. The post Coinbase Stock Soars Over 10% on Imminent S&P 500 Debut appeared first on Cryptonews .

Leggi la dichiarazione di non responsabilità : Tutti i contenuti forniti nel nostro sito Web, i siti con collegamento ipertestuale, le applicazioni associate, i forum, i blog, gli account dei social media e altre piattaforme ("Sito") sono solo per le vostre informazioni generali, procurati da fonti di terze parti. Non rilasciamo alcuna garanzia di alcun tipo in relazione al nostro contenuto, incluso ma non limitato a accuratezza e aggiornamento. Nessuna parte del contenuto che forniamo costituisce consulenza finanziaria, consulenza legale o qualsiasi altra forma di consulenza intesa per la vostra specifica dipendenza per qualsiasi scopo. Qualsiasi uso o affidamento sui nostri contenuti è esclusivamente a proprio rischio e discrezione. Devi condurre la tua ricerca, rivedere, analizzare e verificare i nostri contenuti prima di fare affidamento su di essi. Il trading è un'attività altamente rischiosa che può portare a perdite importanti, pertanto si prega di consultare il proprio consulente finanziario prima di prendere qualsiasi decisione. Nessun contenuto sul nostro sito è pensato per essere una sollecitazione o un'offerta