Summary: Coinbase Global, the largest US cryptocurrency exchange, will be added to the S&P 500 Index on May 19, replacing Discover Financial Services. This inclusion is seen as a significant milestone for the cryptocurrency industry, reflecting its growing acceptance in mainstream finance. Coinbase’s stock has surged by 260% in the past two years, valuing the company at roughly US$53 billion, despite a 17% slump in 2025 due to lackluster earnings.

Link: https://www.straitstimes.com/business/companies-markets/coinbase-to-join-sp-500-next-week-in-crypto-market-milestone