S&P 500, Coinbase
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Investors jumped on shares of Coinbase Global after the Monday night news that the crypto exchange will join the S&P 500 next week.
The transaction – the crypto sphere’s largest of the year – positions Coinbase to boost its international foothold and diversify its trading revenue.
The stock was on course to hit its highest in over two months, potentially adding more than $5 billion in market value if current gains hold. The inclusion could also boost demand for Coinbase ...
U.S. stock futures point lower after yesterday's market rally, President Donald Trump begins a four-day Middle East tour that is expected to result in several business deals, and UnitedHealth shares sink after the company's CEO steps down.
Shares of Coinbase Global (NASDAQ: COIN) surged 23.8% higher at 2:30 p.m. ET on Tuesday, May 13. The operator of the leading cryptocurrency exchange in America will join the S&P 500 market index on its next update, scheduled for May 19.