Coinbase Becomes First Bitcoin And Crypto Company To Join The S&P 500
Coinbase Global Inc. (NASDAQ: COIN) is officially joining the S&P 500 starting May 19. It will replace Discover Financial Services (NYSE: DFS), which is being acquired by Capital One Financial (NYSE: COF), an existing member of the index. JUST IN: Coinbase to join S&P 500 — Bitcoin Magazine (@BitcoinMagazine) May 12, 2025 This is a big move for Coinbase and an even bigger signal for Bitcoin. For a crypto company to be added to one of the most important indexes in the U.S. shows how far this industry has come. It‘s not just hype anymore—it’s becoming a real part of the traditional financial system. “Thank you to everyone who made it possible for a crypto company to join the S&P 500 for the first time in history,” Coinbase posted on their X account. To get into the S&P 500, a company needs to meet a few strict requirements. They need a market cap of at least $18 billion, have most of their shares held by the public, be profitable over the last four quarters, and be listed on a U.S. exchange. Coinbase checks all of those boxes, with a market cap over $40 billion and solid recent earnings. Once Coinbase is added, every fund that tracks






