The week ending May 18th, 2025, was marked with major developments in the crypto news.

This week was indeed big for crypto news in the American market. Galaxy Digital finally got listed on Nasdaq, with Novogratz highlighting a painful listing process.

May 11-18 was a busy week in the American crypto news, with Coinbase making the S&P 500 and Galaxy Digital finally getting listed on Nasdaq.

Coinbase had a turbulent week, entering the S&P 500 on Monday. The exchange is the first cryptocurrency company to make the highly sought-after index.

The S&P 500 is a weighted index of the top stocks in the United States. Weighted means that bigger stocks – those with bigger market capitalization – influence the index more than those with smaller market capitalizations.

Coinbase is one of the biggest cryptocurrency exchanges in the world. Its platform allows users to buy, sell, and trade several cryptocurrencies.

Coinbase is also known for its role in the U.S. crypto scene. In 2022, the exchange became fully compliant with U.S. regulations.

Coinbase Applied For Money Transmitter License From NY Department Of Financial Services

Coinbase was also reportedly planning to apply for a money transmitter license from the New York Department of Financial Services. The move signaled Coinbase’s intent to expand its services in the U.S.

Coinbase was already licensed to operate in several states. However, an approval from New York would be a major coup for the exchange.

Coinbase is one of the most valuable crypto companies. In 2022, the exchange achieved a valuation of over $37 billion after its public listing.

Coinbase’s inclusion in the S&P 500 is a milestone moment for the cryptocurrency industry. It shows how far crypto has come in recent years.

Coinbase Applied For Money Transmitter License From NY Department Of Financial Services

Coinbase was also reportedly planning to apply for a money transmitter license from the New York Department of Financial Services. The move signaled Coinbase’s intent to expand its services in the U.S.

Coinbase was already licensed to operate in several states. However, an approval from New York would be a major coup for the exchange.

Coinbase is one of the most valuable crypto companies. In 2022, the exchange achieved a valuation of over $37 billion after its public listing.

Coinbase’s inclusion in the S&P 500 is a milestone moment for the cryptocurrency industry. It shows how far crypto has come in recent years.