Coinbase to Join S&P 500 -- Barrons.com

Dow Jones

May 13, 2025

By Janet H. Cho

Crypto exchange operator Coinbase Global will join the S&P 500, replacing Discover Financial Services in the broad market index.

Shares of Coinbase jumped more than 9% in after-hours trading.

Coinbase, which trades on the Nasdaq under the ticker symbol COIN, will be added before trading opens on Monday, May 19, S&P Dow Jones Indices confirmed. Discover will drop out of the index at that time.

Discover Financial Services is being acquired by $Capital One Financial Corp(COF-N)$. in a deal expected to close soon, pending closing conditions.

With a market value of $50.8 billion, Coinbase is one of the largest companies not in the S&P 500 and has been considered a contender to join.

Coinbase recently announced plans to acquire Dubai-based Deribit, the world's largest trading platform for Bitcoin and Ether futures and options, in a $2.9 billion acquisition expected to close this year.

Write to Janet H. Cho at janet.cho@dowjones.com

This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.

(END) Dow Jones Newswires

May 12, 2025 18:09 ET (22:09 GMT)

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Cho \n</p>\n<p>\n  Crypto exchange operator Coinbase Global will join the S&amp;P 500, replacing Discover Financial Services in the broad market index. \n</p>\n<p>\n     Shares of Coinbase jumped more than 9% in after-hours trading. \n</p>\n<p>\n     Coinbase, which trades on the Nasdaq under the ticker symbol COIN, will be added before trading opens on Monday, May 19, S&amp;P Dow Jones Indices confirmed. 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Cho \n</p>\n<p>\n  Crypto exchange operator Coinbase Global will join the S&amp;P 500, replacing Discover Financial Services in the broad market index. \n</p>\n<p>\n     Shares of Coinbase jumped more than 9% in after-hours trading. \n</p>\n<p>\n     Coinbase, which trades on the Nasdaq under the ticker symbol COIN, will be added before trading opens on Monday, May 19, S&amp;P Dow Jones Indices confirmed. 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Cho \n\n\n  Crypto exchange operator Coinbase Global will join the S&P 500, replacing Discover Financial Services in the broad market index. \n\n\n     Shares of Coinbase jumped more than 9% in after-hours trading. \n\n\n     Coinbase, which trades on the Nasdaq under the ticker symbol COIN, will be added before trading opens on Monday, May 19, S&P Dow Jones Indices confirmed. Discover will drop out of the index at that time. \n\n\n     Discover Financial Services is being acquired by $Capital One Financial Corp(COF-N)$. in a deal expected to close soon, pending closing conditions. \n\n\n     With a market value of $50.8 billion, Coinbase is one of the largest companies not in the S&P 500 and has been considered a contender to join. \n\n\n     Coinbase recently announced plans to acquire Dubai-based Deribit, the world's largest trading platform for Bitcoin and Ether futures and options, in a $2.9 billion acquisition expected to close this year. \n\n\n     Write to Janet H. Cho at janet.cho@dowjones.com \n\n\n     This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal. \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  May 12, 2025 18:09 ET (22:09 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"2","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}