The popular Crypto Exchange Coinbase has achieved a large milestone in the crypto industry and is now going to be part of Coinbase S&P 500 Index. The index is a list of the top 500 publicly traded companies in the US, which is produced by a financial intelligence firm called S&P International. Coinbase will replace Uncover Monetary Products and Services (DFS) in this list, which is soon being integrated by Capital One Monetary Corp.
Coinbase will become part of this index from May 19. This step is not only considered a big milestone not only for the company but for the entire crypto industry. Coinbase’s CEO Brian Armstrong described it as a historical achievement for the Crypto industry and said, “This milestone is a symbol of all those who saw Crypto as a future, whether retail investors or institutional investors, employees or partners. Now it is clear.
Coinbase thanked all the supporters and users on the social media platform x after this achievement. After this news came to light, there has also been a lot of response from the Web3 community. Many major crypto supporters including Microstrategy’s Michael Saylor also described the opportunity as special.
There may also be a boom in the demand for coin shares in the market
This achievement of Coinbase is not only a matter of reputation, but its economic impact will also be seen. Since Coinbase S&P is now being part of 500 and all Index-Tracking Price Range will have to include the company’s shares in its portfolio. Further, there can be a tremendous increase in demand in coinbase shares in the future. Currently, the COIN share price on Nasdaq is running $ 207.22 (about ₹ 17,600).
Significantly, Coinbase became a public company in April 2021 and since then it has achieved many big achievements. In addition to joining the S&P 500, Coinbase is already collaborating in creating a web3 regulation with the US Crypto Task Force.
Talking about India in 2025 Coinbase returns to India It will be, for which it has again completed its registration with India’s Monetary Perception Unit (FIU-IN) and now it is going to be active again in the Indian market.
Other Crypto-related companies in S&P 500
Although Coinbase S&P is the first pure crypto company to place in 500, besides some fintech companies that are associated with the Crypto sector are already part of this index. The prominent name among them is Jack Dorsey’s financial services company Oppose. But the presence of Coinbase confirms that Crypto is now being taken serially in the financial world of the mainstream.
This step is not only coinbase but also giving a new identity to the entire crypto industry and this will also give more confidence to global investors.
Conclusion
Coinbase joining S&P 500 Index is a major achievement not only for the company, but also for the entire crypto industry. This shows that cryptocurrency and blockchain technology is now becoming a part of the Mainstream’s financial system. Traditional Investors, Fund House and Institute are now considering Crypto as a Sirius and long-term investment options. This will also increase the demand for coinbase shares in the market and this also strengthening the valuation of the company, along with it, if you want to read more news related to Coinbase, then you can know by visiting our Crypto Exchanges section, where you can know where you Coinbase will give nonstop BTC, Eth Future Trading Facility Such new information will be found.
