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Coinbase Smashes Wall Street Barrier: S&P 500 Entry Sparks 10% After-Hours Surge
Coinbase Smashes Wall Street Barrier: S&P 500 Entry Sparks 10% After-Hours Surge
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Wall Street’s old guard just got a crypto wake-up call. Coinbase—the exchange that survived the ’crypto winters’—is joining the S&P 500, sending shares rocketing 10% after the bell. Traders are scrambling; suits are sweating.
From basement to boardroom
Once dismissed as a Bitcoin gamblers’ den, Coinbase now outranks 25% of the S&P’s current members by market cap. The ultimate ’compliance is growth’ play—even if purists sneer at the institutional embrace.
The cynical take
Another ’disruptor’ gets absorbed by the machine. But hey—when the index funds come knocking, you don’t lecture them about decentralization. You cash the check.
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