Coinbase to the Moon: S&P 500 Welcomes Crypto’s Cool Kid
From Crypto Outlaw to Wall Street Darling: Coinbase’s S&P 500 Triumph

In a seismic shift for the cryptocurrency universe, Coinbase Global (COIN) saw its shares skyrocket nearly 15% on Tuesday, riding the wave of its historic inclusion in the S&P 500 index. This marks a dazzling milestone, as Coinbase becomes the first digital asset titan to grace the prestigious benchmark, replacing Discover Financial ahead of Capital One’s acquisition. Buckle up, crypto fans—trading with Coinbase’s new S&P 500 status kicks off May 19, and the market is buzzing.
A Watershed Moment for Crypto
Coinbase’s S&P 500 debut isn’t just a win for the exchange; it’s a bold neon sign that cryptocurrency has crashed the mainstream financial party. Once relegated to the wild west of finance, crypto is now sipping champagne with Wall Street’s elite. “This is a watershed moment for Coinbase and the industry,” said Oppenheimer analyst Owen Lau. “It paves the way for other crypto players to go public and claim their spot in the S&P 500.”
The timing couldn’t be better. With institutional investors diving into digital assets and President Donald Trump promising a lighter regulatory leash, crypto’s star is rising faster than a Bitcoin bull run. Oppenheimer analysts, riding the optimism, bumped their Coinbase price target to $293, predicting a sustained boost as funds tracking the S&P 500 scramble to add COIN to their portfolios.
