Coinbase今天（5月19日）正式加入标准普尔500指数，取代Discover Financial Services（DFS）

美国最大的加密货币交易所Coinbase今天（5月19日）正式加入标准普尔500指数，在通过Capital One（COF）收购之后，取代了Discover Financial Services（DFS）。此举标志着加密的主流合法性的重要时刻

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）是美国最大的加密货币交易所，正式加入标准普尔500标准普尔500（5月19日），以Capital One（NYSE：NYSE：COF）收购后，取代了Discover Financial Services（NYSE：DFS）。此举标志着加密货币的主流合法性的重要时刻，直到最近，这是为了成为金融体系的替代品而自豪。

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.

自宣布以来，市值为670亿美元，股票上涨了近30％（尽管此后的黑客消息也打破了），但Coinbase的包容性带来的不仅仅是吹牛的权利。被动指数基金是跟踪标准普尔的被动指数 - 将其作为基准的积极经理 - 将被迫购买Coinbase股票，从而创造需求和巩固可见性。对于拥有401（k）或共同基金的投资者来说，这意味着您现在可能会举行加密货币，无论您是否打算。

“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说：“这不仅是对Coinbase的市值或财务业绩的致敬。” “这反映了对加密作为全球金融的持久组成部分的更广泛的制度接受。”

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成立于零售加密货币交易平台，此后，Coinbase一直枢纽，该公司也为机构和开发商提供服务，此举帮助它在监管镇压和加密货币的残酷冬季中生存下来。它的标准普尔纳入遵循严格的盈利能力，流动性和治理标准，强调，即使是华尔街最常规的类型，现在也将Coinbase视为系统的一部分。

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.

当然，仍然存在风险。 Coinbase仍然在很大程度上依赖于挥发性领域的交易量，分析师警告说，包容性更多地说明了市场结构而不是长期优势。

“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补充说：“该活动设定了一个新的先例：加密本地公司可以发展成为具有系统相关的金融实体。” “它没有发出贸易爱好的灭亡，而是突出了一种融合，在这种融合中，数字本地基础架构被编织到主流金融结构中。就像金融科技曾经受到干扰器并现在嵌入银行生态系统中，例如Coinbase，CoinBase也正在重新建立资本市场的核心。”