Shares of Coinbase Global ( COIN 25.01%) surged 23.8% higher at 2:30 p.m. ET on Tuesday, May 13. The operator of the leading cryptocurrency exchange in America will join the S&P 500 market index on its next update, scheduled for May 19.

Coinbase’s addition is a landmark moment for crypto, marking increased acceptance by traditional finance. The relief is one of the daily re-shuffle by S&P Dow Jones Indices, which chose Coinbase to replace Discover Financial Services — whose junking comes after Capital One’s$ 35.3 billion accession, closing on May 18, 2025.

Coinbase had its best day since just after last year’s presidential election, as investors bought shares ahead of the company’s inclusion in the S&P 500.

Coinbase Global Inc. will join the S&P 500 next week, the first-ever crypto company to be included in the benchmark index. Coinbase soared in extended trading after the move was announced Monday.

Coinbase stock jumped as much as 18% as the crypto platform was set to become the first and only crypto company in the S&P 500.

Crypto exchange Coinbase (COIN) is soaring 16% early Tuesday after the Monday evening announcement of its inclusion into the S&P 500. COIN will be added to the S&P 500 index after the close on Friday,

UnitedHealth names a new CEO and suspends its 2025 outlook, Nvidia and the rest of the Magnificent Seven stocks rise after the group collectively added $831 billion in market cap on Monday, and Coinbase shares jump after it was announced the cryptocurrency trading platform will be added to the S&P 500.

Robinhood Markets Inc.'s stock is rallying by 6% after the online broker said it would pay C$250 million ($179 million) for WonderFi Technologies, one of the largest registered crypto-trading marketplaces in Canada.