Coinbase Global Inc Nasdaq：硬幣已正式加入標準普爾500指數

由Dovile Silenskyte，WisdomTree數字資產研究總監

Coinbase (NASDAQ:COIN) has officially joined the S&P 500 index, marking a significant milestone in the integration of crypto into mainstream finance.

Coinbase（NASDAQ：COIN）已正式加入標準普爾500指數，標誌著將Crypto整合到主流融資中是一個重要的里程碑。

The premier crypto exchange’s inclusion was announced by S&P Dow Jones Indices, the organization responsible for maintaining the renowned benchmark.

總理加密交易所的包容性是由負責維護著名基準的組織S＆P Dow Jones Indices宣布的。

To be eligible for the S&P 500, companies must meet specific criteria, including substantial market capitalization, consistent profitability, and sufficient public float—all of which Coinbase has achieved.

要符合標準普爾500指數的資格，公司必須符合特定的標準，包括大量市值，一致的盈利能力和足夠的公共浮動，這都是Coinbase所取得的成就。

Coinbase meets and exceeds the S&P 500 bar

Coinbase遇到並超過標準普爾500 bar

Source: WisdomTree, S&P U.S. Indices Methodology – March 2025.

資料來源：S＆P US指數方法論 - 2025年3月。

The inclusion of Coinbase in the S&P 500 is a testament to the strength and resilience of the crypto industry. Despite facing significant challenges such as the 2022–2023 bear market and stringent regulations, crypto has persevered and continues to break new ground.

在標準普爾500指數中包含Coinbase是加密行業的實力和彈性的證明。儘管面臨著諸如2022 - 2023年熊市和嚴格的法規之類的重大挑戰，但加密貨幣仍然堅持不懈，並繼續打破新的領域。

This milestone also comes at a critical juncture in the market. Bitcoin has once again breached the $100,000 threshold, driving renewed bullish sentiment among investors.

這個里程碑也是市場上關鍵的關鍵。比特幣再次違反了100,000美元的門檻，推動了投資者的新看漲情緒。

At the same time, altcoins have been performing strongly, capitalizing on fresh inflows from investors.

同時，AltCoins的表現強勁，利用了投資者的新鮮流入。

Crypto performance in Q2 2025

第二季度2025年的加密性能

Source: Artemis Terminal, WisdomTree. 13 May 2025. Indexed to 100 on 31 March 2025.

資料來源：Artemis終端，WisdomTree。 2025年5月13日，2025年3月31日索引至100。

While the market has shown signs of recovery since the March 2023 lows, any investment may go down in value.

自2023年3月以來，市場已經顯示出恢復的跡象，但任何投資的價值都可能下降。

Coinbase’s inclusion in the S&P 500 grants institutional weight to the rally. It now joins the ranks of Apple (NASDAQ:AAPL), Microsoft (NASDAQ:MSFT), and JP Morgan (NYSE:JPM), helping to anchor passive flows from the trillions of dollars benchmarked to the S&P 500 index.

Coinbase將標準普爾500指數納入了集會。現在，它加入了Apple（NASDAQ：AAPL），Microsoft（NASDAQ：MSFT）和JP Morgan（NYSE：JPM）的行列，從而幫助將無源流從標準的數万億美元的基準標記為S＆P 500 Index。

This provides not only increased visibility but also sticky capital with structural significance.

這不僅提供了具有結構意義的知名度，而且提供了粘性資本。

Moreover, Coinbase has dispelled the old narrative of crypto unreliability. After being battered by a brutal bear market and stringent regulatory pressure during the 2022–2023 period, the exchange has emerged leaner, more focused, and more diversified.

此外，Coinbase消除了加密性不可靠的舊敘述。在2022 - 2023年期間受到殘酷的熊市和嚴格的監管壓力的打擊之後，這種交流變得更加苗條，更加專注，更加多樣化。

Coinbase has slashed costs, attracted rising institutional flows, and leaned into non-trading revenues such as staking, custody, and blockchain infrastructure.

Coinbase削減了成本，吸引了機構流動的上升，並傾向於非交易收入，例如Stake King，監護權和區塊鏈基礎設施。

This operational discipline has paid off, with Coinbase delivering significant GAAP profits by 2024—a critical credential for S&P 500 inclusion.

該運營學科的回報已經取得了回報，到2024年，Coinbase提供了可觀的GAAP利潤，這是標準普爾500指定的重要證書。

Coinbase has not only survived the volatility but also mastered it, showcasing the remarkable staying power of crypto.

Coinbase不僅在波動性中倖存下來，而且還掌握了它，展示了加密貨幣的顯著持久力量。

For the crypto-curious institutional investor, this milestone removes another barrier. If Coinbase is now “S&P 500 material,” then crypto infrastructure is no longer fringe but part of the establishment.

對於加密有趣的機構投資者來說，這個里程碑消除了另一個障礙。如果Coinbase現在是“標準普爾500材料”，那麼加密基礎設施不再是邊緣，而是該機構的一部分。

This also raises the stakes for traditional financial firms. If a crypto-native company is embedded in the U.S. corporate canon, legacy incumbents who have been slow to adapt should take note.

這也為傳統金融公司增加了賭注。如果一家加密本地公司嵌入了美國公司佳能，那麼適應緩慢的傳統現任者應該注意。

Wall Street is no longer just watching from the sidelines; it is participating, allocating, and now passively exposed.

華爾街不再只是從場邊看。它正在參與，分配，現在被動地暴露。

Coinbase entering the S&P 500 marks the clearest institutional validation yet of crypto’s staying power. This is not just a win for Coinbase but also a win for the broader digital asset ecosystem.

Coinbase進入標準普爾500指數標誌著加密貨幣的持久力是最明確的機構驗證。這不僅是Coinbase的勝利，而且是更廣泛的數字資產生態系統的勝利。

Crypto is no longer knocking at Wall Street’s door; it has been handed the keys. Bitcoin is above six figures, altcoins are rallying, and now crypto infrastructure is embedded in the world’s most iconic equity index.

加密不再敲過華爾街的門。它已交給鑰匙。比特幣高於六位數，山寨幣正在集會，現在加密基礎架構嵌入了世界上最具標誌性的權益指數中。

The next chapter of adoption is not coming; it is already underway.

下一章的採用尚未到來。它已經在進行中。