Coinbase加入S＆P 500，信號加密的主流接受

Coinbase Global Inc.（NASDAQ：COIN）定於2025年5月19日加入標準普爾500指數，以取代Discover Financial Services。

Coinbase Global Inc. (NASDAQ:COIN) is set to join the S&P 500 index on May 19, 2025, replacing Discover Financial Services (NYSE:DFS). This inclusion marks the first time a cryptocurrency exchange will be part of the benchmark index, signaling broader acceptance and recognition of the crypto industry.

Coinbase Global Inc.（NASDAQ：COIN）定於2025年5月19日加入標準普爾500指數，取代Discover Financial Services（NYSE：DFS）。此包含標誌著加密貨幣交換將首次成為基準指數的一部分，這表明對加密行業的接受和認可更廣泛。

The announcement sparked a significant surge in Coinbase’s stock price, with shares rallying nearly 15%, adding around $8 billion to its market value. Analysts highlighted this milestone as a testament to the industry’s resilience and potential for future innovation.

這一消息引發了Coinbase的股價大幅增長，股票漲幅近15％，其市場價值增加了​​約80億美元。分析師強調了這一里程碑，以證明該行業的韌性和未來創新的潛力。

Coinbase’s entry into the S&P 500 is anticipated to generate significant institutional investment, as index-tracking funds will now need to invest in COIN. Analysts' estimates suggest this inclusion could generate billions of dollars in capital flows into the exchange.

預計Coinbase進入標準普爾500指數將產生大量的機構投資，因為索引跟踪基金現在需要投資硬幣。分析師的估計表明，這種包容性可能會導致數十億美元的資本流入交易所。

"We view this as a watershed moment for Coinbase and signals that other leading crypto firms could be included in major indices going forward," said Oppenheimer analyst Owen Lau, who has a Buy rating and a price target of $90 on COIN. "It's a testament to Coinbase's resilience in a challenging macroeconomic environment and signals the potential for future industry integration."

Oppenheimer分析師Owen Lau說：“我們認為這是Coinbase的分水嶺，並表示其他領先的加密貨幣公司可能包括在主要指數中。” “這證明了Coinbase在具有挑戰性的宏觀經濟環境中的韌性，並標誌著未來行業融合的潛力。”

Coinbase has recently faced a series of challenges, including a lawsuit from the SEC and a changing political administration. However, the company has announced a $2.9 billion acquisition of Deribit, a prominent crypto derivatives platform, and the Trump administration dropped a lawsuit by the SEC against Coinbase.

Coinbase最近面臨著一系列挑戰，包括SEC的訴訟和不斷變化的政治管理局。但是，該公司宣布了29億美元的迪士比特（Deribit）的29億美元收購，這是一個著名的加密衍生品平台，特朗普政府撤銷了SEC針對Coinbase的訴訟。

Coinbase’s journey to the S&P 500 is a testament to the evolving role of cryptocurrency in mainstream finance. This move could pave the way for other crypto-native firms to join major indices in the coming years, especially those with strong regulatory credentials and consistent earnings.

Coinbase前往標準普爾500指數的旅程證明了加密貨幣在主流金融中不斷發展的作用。此舉可能為其他加密本地公司在未來幾年加入主要指數的道路，尤其是那些具有強大監管證書和一致收益的人。

This milestone also comes as global regulators are developing frameworks to support crypto innovation while ensuring responsible use of the technology.

隨著全球監管機構正在開發框架以支持加密創新，同時確保負責使用該技術時，這一里程碑也是如此。

Coinbase’s inclusion symbolizes a changing tide. For years, the crypto industry operated on the fringes of Wall Street, while the narrative focused largely on institutional investors’ reluctance to enter the space.

Coinbase的包容性象徵著潮流的變化。多年來，加密貨幣行業一直在華爾街的邊緣運營，而敘述主要集中在機構投資者不願進入該空間的方面。

However, in a rapid reversal, the narrative has shifted significantly. Now, one of the largest crypto-native public players is set to become part of the most-tracked financial index in the world, marking a new chapter in the evolving financial landscape.

但是，在迅速的逆轉中，敘述已經發生了重大變化。現在，最大的加密本地公共參與者之一將成為世界上最受歡迎的金融指數的一部分，標誌著不斷發展的金融環境中的新篇章。