In this photo illustration, the logo of Coinbase Global, Inc. is ... More displayed on a smartphone screen, with the company's signature blue branding visible in the background
CHONGQING, CHINA - MAY 06: In this photo illustration, the logo of Coinbase Global, Inc. is ... More displayed on a smartphone screen, with the company's signature blue branding visible in the background, on May 06, 2025, in Chongqing, China. (Photo illustration by Cheng Xin/Getty Images)
Coinbase Global (NASDAQ:COIN) has been in the news recently, with its stock surging more than 25% last week. This upward momentum followed the inclusion of the first crypto exchange stock in the broader S&P 500 index, replacing Discover Financial Services (NYSE:DFS), which is being acquired by Capital One (NYSE:CTOR). Typically, when a stock is added to a major benchmark index, it commands a premium due to the mandatory inclusion by funds that track the index.
This addition to the S&P
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