Coinbase Shares Jump 8% on S&P 500 Inclusion

Crypto exchange Coinbase (COIN) surged over 8% on Monday after market closing on news that the stock will be included in the broad-market S&P 500 stock index.The company would replace Discover Financial starting on May 19, according to an S&P press release. Discover Financial is being acquired by Capital One.The S&P 500 tracks 500 of the largest publicly traded companies in the U source: https://www.coindesk.com/markets/2025/05/12/coinbase-shares-jump-8-post-market-on-s-and-p500-inclusion-report