Coinbase今天（5月19日）正式加入標準普爾500指數，取代Discover Financial Services（DFS）

美國最大的加密貨幣交易所Coinbase今天（5月19日）正式加入標準普爾500指數，在通過Capital One（COF）收購之後，取代了Discover Financial Services（DFS）。此舉標誌著加密的主流合法性的重要時刻

Coinbase (NASDAQ:COIN), the largest U.S. crypto exchange, officially joins the S&P 500 today (May 19), replacing Discover Financial Services (NYSE:DFS) following its acquisition by Capital One (NYSE:COF). The move marks a major moment of mainstream legitimacy for crypto, which until recently prided itself on being an alternative to the financial system.

Coinbase（NASDAQ：COIN）是美國最大的加密貨幣交易所，正式加入標準普爾500標準普爾500（5月19日），以Capital One（NYSE：NYSE：COF）收購後，取代了Discover Financial Services（NYSE：DFS）。此舉標誌著加密貨幣的主流合法性的重要時刻，直到最近，這是為了成為金融體系的替代品而自豪。

With a market cap of $67 billion and shares up almost 30% since the announcement (although news of a hack has also broken since), Coinbase’s inclusion brings more than bragging rights. Passive index funds that track the S&P — and active managers who take it as their benchmark — will be forced to buy Coinbase stock, creating demand and cementing visibility. For investors with 401(k)s or mutual funds, that means you likely now hold crypto exposure, whether you ever meant to or not.

自宣布以來，市值為670億美元，股票上漲了近30％（儘管此後的黑客消息也打破了），但Coinbase的包容性帶來的不僅僅是吹牛的權利。被動指數基金是跟踪標準普爾的被動指數 - 將其作為基準的積極經理 - 將被迫購買Coinbase股票，從而創造需求和鞏固可見性。對於擁有401（k）或共同基金的投資者來說，這意味著您現在可能會舉行加密貨幣，無論您是否打算。

“This isn’t merely a nod to Coinbase’s market capitalisation or financial performance,” said Meryem Habibi, chief revenue officer at Bitpace. “It reflects a broader institutional acceptance of crypto as an enduring component of global finance.”

Bitpace首席收入官Meryem Habibi說：“這不僅是對Coinbase的市值或財務業績的致敬。” “這反映了對加密作為全球金融的持久組成部分的更廣泛的製度接受。”

Founded as a retail crypto trading platform, Coinbase has since pivoted into an infrastructure company that also serves institutions and developers — a move that has helped it survive regulatory crackdowns and crypto’s brutal winters. Its S&P inclusion follows strict profitability, liquidity, and governance standards, underscoring that even Wall Street’s most staid types now see Coinbase as part of the system.

Coinbase成立於零售加密貨幣交易平台，此後，Coinbase一直樞紐，該公司也為機構和開發商提供服務，此舉幫助它在監管鎮壓和加密貨幣的殘酷冬季中生存下來。它的標準普爾納入遵循嚴格的盈利能力，流動性和治理標準，強調，即使是華爾街最常規的類型，現在也將Coinbase視為系統的一部分。

Of course, risks remain. Coinbase still relies heavily on trading volumes in a volatile sector, and analysts caution that the inclusion says more about market structure than long-term dominance.

當然，仍然存在風險。 Coinbase仍然在很大程度上依賴於揮發性領域的交易量，分析師警告說，包容性更多地說明了市場結構而不是長期優勢。

“The event sets a new precedent: Crypto-native companies can evolve into systemically relevant financial entities,” Habibi added. “Rather than signalling the demise of TradFi, it highlights a convergence, where digital-native infrastructure is being woven into the mainstream financial fabric. Just as fintechs were once disruptors and are now embedded within the banking ecosystem, crypto firms like Coinbase are reshaping the core of capital markets.”

Habibi補充說：“該活動設定了一個新的先例：加密本地公司可以發展成為具有系統相關的金融實體。” “它沒有發出貿易愛好的滅亡，而是突出了一種融合，在這種融合中，數字本地基礎架構被編織到主流金融結構中。就像金融科技曾經受到干擾器並現在嵌入銀行生態系統中，例如Coinbase，CoinBase也正在重新建立資本市場的核心。”