From Cointelegraph
May 24, 2025 9:00 am:

Coinbase’s inclusion in the S&P 500 is a significant milestone for the crypto industry, legitimizing the asset class in conservative portfolios and attracting billions in passive investment. The company’s profitability and market cap meeting index requirements signal institutional acceptance and pave the way for other crypto firms to aim for public listings.

Institutional adoption and regulatory compliance are now being rewarded in the crypto space, with Coinbase’s inclusion in the S&P 500 indicating a convergence of traditional finance and crypto sectors. While some believe full convergence is still distant, recent events suggest a shift towards co-evolution, with infrastructure solutions bridging the gap between the two sectors. Crypto-native firms are evolving to mirror traditional financial institutions, as banks adopt decentralized technologies for efficiency and asset expansion. With Coinbase breaking ground, speculation arises on which crypto firms will join the S&P 500 next. Requirements include significant market capitalization, profitability in recent quarters, and adherence to earnings criteria. Experts predict gradual integration of blockchain/crypto services by existing S&P 500 firms before true-blue crypto companies enter the index. Time will reveal the next contender for S&P 500 inclusion.

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