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Coinbase Stock Soars 8% as S&P 500 Blesses Crypto’s Wall Street Debut

Coinbase Stock Soars 8% as S&P 500 Blesses Crypto’s Wall Street Debut

Coindesk
Author:
Coindesk
Release Time:
2025-05-12 21:48:05
0

Coinbase Shares Jump 8% on S&P 500 Inclusion

Wall Street finally caves—Coinbase joins the S&P 500 club, and traders pile in like it’s a free NFT drop.

The 8% surge proves institutional FOMO is alive and well, even if half those suits still can’t explain blockchain without PowerPoint.

Funny how ’risky speculative asset’ becomes ’strategic portfolio diversification’ once the index funds give their stamp of approval.

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