Coinbase Stock Soars 10.22% Pre-Market Driven by S&P 500 Inclusion 📈
On May 13, 2025, Coinbase's stock surged by 10.22% during pre-market trading, reaching a price of $228.40. This sharp increase followed the confirmation by S&P Dow Jones Indices that Coinbase would be added to the S&P 500 index, effective May 19, 2025. The inclusion will see Coinbase replace Discover Financial Services, which is being acquired by Capital One Financial.
This development marks a significant milestone for Coinbase, highlighting its growing influence and standing within the financial sector. The stock's pre-market rally reflects investor optimism about the future prospects of the American cryptocurrency exchange.
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