Coinbase添加到标准普尔500指数后，共享16％

在该公司正式宣布为标准普尔500指数的最新成员之后，Coinbase股票今天飙升了16％，成为第一家实现这一里程碑的纯净加密公司。

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.

在该公司正式宣布为标准普尔500指数的最新成员之后，Coinbase股价在周四飙升了16％，成为第一家实现这一里程碑的纯播放加密公司。

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.

这一发展不仅代表了共同基础本身的分水岭，而且标志着加密货币行业的主流接受迈出了关键的一步。

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

Coinbase加入标准普尔500指数：加密行业里程碑

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.

从5月19日开始，Coinbase将在Discover One Financial收购353亿美元的收购后，取代标准普尔500指数中的Discover Financial Services。尽管Coinbase的包容性被许多人的规模和影响力预期，但正式的确认使股票飙升，反映了市场热情和索引追踪资金的大量被动流入。

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跃升了近10％，并在市场开业后超越了240美元，达到了603亿美元的市值。 Oppenheimer（NYSE：OPY）的分析师为该事件标记为该行业的“分水岭”。他们指出，曾经被引用的“缺乏深厚的机构所有权”正在迅速变成逆风，因为SPDR S＆P 500 ETF Trust（NYSE：DOT）之类的指数资金开始购买股票。

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已将Coinbase的目标目标提高到293美元，而Bernstein的分析师现在看到了310美元的道路，这表明被动和活跃基金的大量流入。

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

$硬币| （硬币）：Oppenheimer提高了PT（269美元），保持跑赢大盘。标准普尔500纳入将机构需求从逆风到逆风的机构需求翻转 - 实现的关键催化剂。

The math:

数学：

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

•1000万用户x $ 310的目标目标= $ 3.1B硬币

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

•主动标准普尔500基准基金：$ 7B流入

• Index-linked ETFs: $9B inflow

•索引链接ETF：$ 9B流入

= $19B in demand for COIN shares

=硬币股的需求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）估计，从指数连接的ETF中购买了高达90亿美元的潜在购买，并从积极管理的标准普尔500标准普尔500基准资金中额外获得了70亿美元。

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

这将转化为对Coinbase股票的巨大需求，可能对该股票施加巨大的购买压力。

Coinbase shares price chart.

Coinbase共享价格图。

Source: InvestingPro

资料来源：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.

将Coinbase集成到标准普尔500指数中还有望引入该索引的独特特征。作为美国公认最大的加密交易平台，Coinbase将贡献该指数总价值的0.1％，约为其金融部门分配的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.

该公司的价值为466亿美元，拥有超过1000万活跃用户，占美国加密货币市场的66％。它还报道了第1季度调整后的净收入为5.27亿美元，尽管交易活动下降了10％，收入下降了10亿美元，至4 Q4的23亿美元。

Coinbase's $2.9 billion acquisition of Deribit

Coinbase的29亿美元收购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.

为了强调公司的战略重点，Coinbase以29亿美元的价格收购了世界上最大的加密货币期权交易所之一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.

预计将在2024年下半年以现金和A类普通股的结合来支付收购价，该收购价格将在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.

该交易将使Coinbase可以向国际客户，尤其是在亚洲和欧洲提供加密货币期权交易，而在亚洲和欧洲，利用交易更为普遍。

“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.

美国Tiger Securities的分析师Bo Pei表示：“在Coinbase的产品套件中增加了加密货币选项将是扩展其产品以迎合机构投资者和越来越多的成熟零售商人的产品的合乎逻辑一步。”

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

这次收购重点介绍了Coinbase更广泛的战略，即超出交易费用的收入来源，这会导致市场波动。

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.

自今年年初以来，Coinbase的股票增长了141％，表明投资者对公司的复苏和未来增长前景的浓厚兴趣。