From Nasdaq Corporation
May 13, 2025 3:21:00 pm:

Shares of Coinbase Global surged 23.8% as it prepares to join the S&P 500 on May 19, replacing Discover Financial Services in the index. With a market cap of $64.6 billion, Coinbase is a leading player in the cryptocurrency industry, marking a significant step for digital assets in the traditional finance world.

Coinbase easily meets the S&P 500’s earnings requirement, showcasing its position as a respected player in the digital asset market. Despite falling short of analyst expectations, Coinbase’s earnings doubled year over year. While not included in the Motley Fool’s top 10 stocks to buy right now, Coinbase’s long-term potential remains strong.

Read more at Nasdaq: Why Coinbase Global Stock Soared Today