Coinbase添加到標準普爾500指數後，共享16％

在該公司正式宣佈為標準普爾500指數的最新成員之後，Coinbase股票今天飆升了16％，成為第一家實現這一里程碑的純淨加密公司。

Coinbase shares surged 16% on Thursday after the company was officially announced as the newest addition to the S&P 500 index, becoming the first pure-play crypto company to achieve this milestone.

在該公司正式宣佈為標準普爾500指數的最新成員之後，Coinbase股價在周四飆升了16％，成為第一家實現這一里程碑的純播放加密公司。

This development not only represents a watershed moment for Coinbase itself but also marks a pivotal step forward in the mainstream acceptance of the cryptocurrency industry.

這一發展不僅代表了共同基礎本身的分水嶺，而且標誌著加密貨幣行業的主流接受邁出了關鍵的一步。

Coinbase joins the S&P 500: A crypto industry milestone

Coinbase加入標準普爾500指數：加密行業里程碑

Starting May 19, Coinbase will replace Discover Financial Services in the S&P 500 following Discover’s $35.3 billion acquisition by Capital One Financial. While Coinbase’s inclusion had been anticipated by many due to its size and influence, the official confirmation sent its stock soaring, reflecting both market enthusiasm and a flood of passive inflows from index-tracking funds.

從5月19日開始，Coinbase將在Discover One Financial收購353億美元的收購後，取代標準普爾500指數中的Discover Financial Services。儘管Coinbase的包容性被許多人的規模和影響力預期，但正式的確認使股票飆升，反映了市場熱情和索引追踪資金的大量被動流入。

Shares of COIN (NASDAQ:COIN) jumped nearly 10% in premarket trading and crossed the $240 mark after the market opened, reaching a market cap of $60.3 billion. Analysts from Oppenheimer (NYSE:OPY) have labeled the event a “watershed moment” for the sector. They noted that the once-cited “lack of deep institutional ownership” is quickly turning into a tailwind, as index funds like the SPDR S&P 500 ETF Trust (NYSE:VOT) begin buying shares.

Coin（NASDAQ：COIN）的股票在上市交易中躍升了近10％，並在市場開業後超越了240美元，達到了603億美元的市值。 Oppenheimer（NYSE：OPY）的分析師為該事件標記為該行業的“分水嶺”。他們指出，曾經被引用的“缺乏深厚的機構所有權”正在迅速變成逆風，因為SPDR S＆P 500 ETF Trust（NYSE：DOT）之類的指數資金開始購買股票。

Oppenheimer has raised its price target for Coinbase to $293, while analysts at Bernstein now see a path toward $310, pointing to massive inflows from passive and active funds.

Oppenheimer已將Coinbase的目標目標提高到293美元，而Bernstein的分析師現在看到了310美元的道路，這表明被動和活躍基金的大量流入。

$COIN | (COIN): Oppenheimer raises PT (from $269), keeps Outperform. S&P 500 inclusion flips institutional demand from headwind to tailwind - a pivotal catalyst realized.

$硬幣| （硬幣）：Oppenheimer提高了PT（269美元），保持跑贏大盤。標準普爾500納入將機構需求從逆風到逆風的機構需求翻轉 - 實現的關鍵催化劑。

The math:

數學：

• 10M users x $310 price target = $3.1B in COIN

•1000萬用戶x $ 310的目標目標= $ 3.1B硬幣

• Active S&P 500 benchmarked funds: $7B inflow

•主動標準普爾500基準基金：$ 7B流入

• Index-linked ETFs: $9B inflow

•索引鏈接ETF：$ 9B流入

= $19B in demand for COIN shares

=硬幣股的需求19b $

— Giovanni Fabris (@fabris_giovanni) May 11, 2024

-Giovanni Fabris（@fabris_giovanni）2024年5月11日

Bernstein estimates up to $9 billion in potential buying from index-linked ETFs and an additional $7 billion from actively managed S&P 500 benchmarked funds.

伯恩斯坦（Bernstein）估計，從指數連接的ETF中購買了高達90億美元的潛在購買，並從積極管理的標準普爾500標準普爾500基準資金中額外獲得了70億美元。

This would translate to a substantial demand for Coinbase shares, potentially placing significant buying pressure on the stock.

這將轉化為對Coinbase股票的巨大需求，可能對該股票施加巨大的購買壓力。

Coinbase shares price chart.

Coinbase共享價格圖。

Source: InvestingPro

資料來源：InvestingPro

The integration of Coinbase into the S&P 500 is also poised to introduce a unique characteristic to the index. As the recognized largest crypto trading platform in the U.S., Coinbase is set to contribute 0.1% of the index’s total value and about 0.7% of its financial sector allocation.

將Coinbase集成到標準普爾500指數中還有望引入該索引的獨特特徵。作為美國公認最大的加密交易平台，Coinbase將貢獻該指數總價值的0.1％，約為其金融部門分配的0.7％。

The company, valued at $46.6 billion, boasts over 10 million active users and a 66% share of the U.S. crypto market. It also reported Q1 adjusted net income of $527 million despite a 10% drop in trading activity and revenue decreasing to $2 billion from Q4’s $2.3 billion.

該公司的價值為466億美元，擁有超過1000萬活躍用戶，占美國加密貨幣市場的66％。它還報導了第1季度調整後的淨收入為5.27億美元，儘管交易活動下降了10％，收入下降了10億美元，至4 Q4的23億美元。

Coinbase's $2.9 billion acquisition of Deribit

Coinbase的29億美元收購Deribit

In a move that underscores the company’s strategic focus, Coinbase is acquiring Deribit, one of the world’s largest cryptocurrency options exchanges, for $2.9 billion.

為了強調公司的戰略重點，Coinbase以29億美元的價格收購了世界上最大的加密貨幣期權交易所之一Deribit。

The acquisition price, which will be paid in a combination of cash and Coinbase Class A common stock, is expected to be completed in the second half of 2024, pending regulatory approvals.

預計將在2024年下半年以現金和A類普通股的結合來支付收購價，該收購價格將在2024年下半年完成。

The deal will allow Coinbase to offer crypto options trading to international clients, especially in Asia and Europe, where leverage trading is more prevalent.

該交易將使Coinbase可以向國際客戶，尤其是在亞洲和歐洲提供加密貨幣期權交易，而在亞洲和歐洲，利用交易更為普遍。

“The addition of crypto options to Coinbase's product suite would be a logical step in expanding its offerings to cater to both institutional investors and a growing segment of sophisticated retail traders who prefer options trading in the crypto space,” remarked Bo Pei, analyst at US Tiger Securities.

美國Tiger Securities的分析師Bo Pei表示：“在Coinbase的產品套件中增加了加密貨幣選項將是擴展其產品以迎合機構投資者和越來越多的成熟零售商人的產品的合乎邏輯一步。”

This acquisition highlights Coinbase's broader strategy to diversify its revenue streams beyond trading fees, which are subject to market volatility.

這次收購重點介紹了Coinbase更廣泛的戰略，即超出交易費用的收入來源，這會導致市場波動。

Coinbase shares have risen by 141% since the beginning of the year, demonstrating strong investor interest in the company's recovery and future growth prospects.

自今年年初以來，Coinbase的股票增長了141％，表明投資者對公司的複蘇和未來增長前景的濃厚興趣。