Coinbase Joins S&P 500 – Wall Street Finally Wakes Up to Crypto
After years of treating crypto like a casino side-show, the old guard just handed Coinbase a golden ticket. The exchange’s S&P 500 inclusion marks a watershed moment—even if traditional finance still doesn’t understand blockchain.
From Crypto Outcast to Blue-Chip Darling
No more begging for legitimacy. Coinbase now sits alongside Coca-Cola and Apple in the index, forcing institutional investors to finally allocate capital or risk looking clueless.
The Cynical Take
Wall Street’s embrace? More like a calculated hedge—the same suits who called Bitcoin a scam now need exposure to the asset class outpacing their precious equities. How’s that for irony?
Paxos-Backed USDG Builds Global Presence Through Revenue-Sharing Model
The exchange recently made headlines with a $2.9 billion deal to acquire Deribit, a crypto derivatives platform. The MOVE signals Coinbase’s intent to dominate not just spot trading, where it already leads in the U.S., but also derivatives—by far the largest slice of the global crypto market.
While competitors like Kraken and Gemini consider going public, and financial incumbents like Visa and PayPal expand crypto offerings, Coinbase’s S&P 500 inclusion places it in a class of its own. MicroStrategy, despite its large Bitcoin holdings, remains outside the index due to its smaller market cap.
As legacy finance and crypto converge, Coinbase’s entry into the S&P 500 cements its role as a bridge between two financial worlds once seen as irreconcilable.
