Coinbase Global Inc Nasdaq：硬币已正式加入标准普尔500指数

由Dovile Silenskyte，WisdomTree数字资产研究总监

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）已正式加入标准普尔500指数，标志着将Crypto整合到主流融资中是一个重要的里程碑。

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

总理加密交易所的包容性是由负责维护著名基准的组织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.

要符合标准普尔500指数的资格，公司必须符合特定的标准，包括大量市值，一致的盈利能力和足够的公共浮动，这都是Coinbase所取得的成就。

Coinbase meets and exceeds the S&P 500 bar

Coinbase遇到并超过标准普尔500 bar

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

资料来源：S＆P US指数方法论 - 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.

在标准普尔500指数中包含Coinbase是加密行业的实力和弹性的证明。尽管面临着诸如2022 - 2023年熊市和严格的法规之类的重大挑战，但加密货币仍然坚持不懈，并继续打破新的领域。

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.

这个里程碑也是市场上关键的关键。比特币再次违反了100,000美元的门槛，推动了投资者的新看涨情绪。

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

同时，AltCoins的表现强劲，利用了投资者的新鲜流入。

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.

资料来源：Artemis终端，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月以来，市场已经显示出恢复的迹象，但任何投资的价值都可能下降。

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将标准普尔500指数纳入了集会。现在，它加入了Apple（NASDAQ：AAPL），Microsoft（NASDAQ：MSFT）和JP Morgan（NYSE：JPM）的行列，从而帮助将无源流从标准的数万亿美元的基准标记为S＆P 500 Index。

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

这不仅提供了具有结构意义的知名度，而且提供了粘性资本。

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旧叙述。在2022 - 2023年期间受到残酷的熊市和严格的监管压力的打击之后，这种交流变得更加苗条，更加专注，更加多样化。

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

Coinbase削减了成本，吸引了机构流动的上升，并倾向于非交易收入，例如Stake King，监护权和区块链基础设施。

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

该运营学科的回报已经取得了回报，到2024年，Coinbase提供了可观的GAAP利润，这是标准普尔500指定的重要证书。

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

Coinbase不仅在波动性中幸存下来，而且还掌握了它，展示了加密货币的显着持久力量。

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.

对于加密有趣的机构投资者来说，这个里程碑消除了另一个障碍。如果Coinbase现在是“标准普尔500材料”，那么加密基础设施不再是边缘，而是该机构的一部分。

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.

这也为传统金融公司增加了赌注。如果一家加密本地公司嵌入了美国公司佳能，那么适应缓慢的传统现任者应该注意。

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

华尔街不再只是从场边看。它正在参与，分配，现在被动地暴露。

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进入标准普尔500指数标志着加密货币的持久力是最明确的机构验证。这不仅是Coinbase的胜利，而且是更广泛的数字资产生态系统的胜利。

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.

加密不再敲过华尔街的门。它已交给钥匙。比特币高于六位数，山寨币正在集会，现在加密基础架构嵌入了世界上最具标志性的权益指数中。

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

下一章的采用尚未到来。它已经在进行中。