BREAKINGVIEWS-Coinbase amplifies crypto’s shiny object syndrome

Reuters
2025.05.13 18:17
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Coinbase, the $60 billion cryptocurrency exchange, will be added to the S&P 500 Index, replacing Discover Financial Services. This move is seen as a step towards legitimizing digital currencies, despite the industry's complexities. Following the announcement, Coinbase shares surged over 15% to $238.80.