Coinbase, Global and Stock market
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Coinbase shares skyrocketed 24% on Tuesday following news the cryptocurrency exchange will be added to the S&P 500. Monitor these key chart levels.
Coinbase had its best day since just after last year’s presidential election, as investors bought shares ahead of the company’s inclusion in the S&P 500.
The inclusion, effective before trading begins on May 19, will see the crypto major replacing Discover Financial Services in the index.
Coinbase published its fiscal Q1 FY2025 results, missing on both ends of consensus estimates. Read why I upgrade COIN stock to "Hold" despite the Q1 miss.
Coinbase’s Q1 2025 earnings report missed expectations, but strong user activity and future plans still offer hope for growth.
Shares of cryptocurrency exchange Coinbase (COIN) experienced a significant surge in after-hours trading on Monday following the landmark announcement that the company will be added to the prestigious S&P 500 stock index.
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