From Yahoo Finance: 2025-05-19 09:31:00

Coinbase became the first and only cryptocurrency platform to join the S&P 500 index, with shares up 25% since the news broke. The company disclosed a cyberattack costing between $180 million and $400 million, with an ongoing SEC investigation into past data reporting. Despite the setbacks, Coinbase stock jumped 24% after the S&P announcement, reflecting a broader shift for crypto under the Trump administration. Year to date, Coinbase shares are up over 3%, and Bernstein maintains a Buy rating with a $310 price target. Coinbase’s inclusion in the S&P 500 marks a significant turnaround for the crypto industry.



Read more at Yahoo Finance: Coinbase stock officially joins S&P 500, cementing milestone for company and crypto industry