In a landmark moment for the crypto world, Coinbase Global (COIN) is set to make history by becoming the first-ever cryptocurrency company to join the prestigious S&P 500 index on May 19. This move not only elevates Coinbase’s stature in traditional financial markets, but also signals a significant step forward in the mainstream adoption of crypto.

A New Chapter for Crypto in Wall Street

Coinbase will officially replace Discover Financial Services (DFS), which was recently acquired by Capital One. The announcement came on May 12 from S&P Global, and markets reacted quickly — COIN shares jumped nearly 9% in after-hours trading, reaching $225.40, with its market cap climbing to $52.8 billion.

“This is a major milestone not just for Coinbase, but for the entire crypto industry,” said Alesia Haas, Coinbase’s Chief Financial Officer. “Being added to the S&P 500 is a recognition of how far we've come — and where the future is headed.”

What the S&P 500 Inclusion Means

The S&P 500 is one of the most influential indices in the world, tracking 500 of the largest publicly traded companies in the U.S., including giants like Apple, **Microsoft