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TEXXR

Chronicles

The story behind the story

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Coinbase is joining the S&P 500, replacing Discover Financial Services in the index, effective before trading on May 19; COIN jumps 15%+

Coinbase is joining the S&P 500, replacing Discover Financial Services in the benchmark index, according to a release on Monday.

CNBC Ari Levy

Discussion

  • @carnage4life Dare Obasanjo on bluesky
    Crypto is so back.  We're living in a grifter's paradise.
  • @brian_armstrong Brian Armstrong on x
    Coinbase just became the first and only crypto company to join the S&P 500. This milestone represents what the true believers, from retail investors to institutional investors to our employees and partners, knew all along. Crypto is here to stay.
  • @brian_armstrong Brian Armstrong on x
    Two other thoughts: 1. Crypto is about to be in everyone's 401k 2. My goal is that in 5-10 years, getting into COIN50 index will feel as good as this
  • @coinbase @coinbase on x
    As the saying goes... “First they ignore you. Then they laugh at you. Then they fight you. Then they add you to the S&P 500.” ...or something like that.
  • @coinbase @coinbase on x
    Thank you to everyone who made it possible for a crypto company to join the S&P 500 for the first time in history.
  • @saylor Michael Saylor on x
    Congratulations @Brian_Armstrong on $COIN being added to the S&P 500 Index. A major milestone for Coinbase and for Bitcoin.
  • @emiliemc Emilie Choi on x
    Crypto: welcome to the S&P 500! This is a big deal. The S&P 500 is arguably the most tracked & influential index in the world, is a 401(k) cornerstone, and a magnet for institutional capital. It's a great day for @coinbase - our customers, employees, retail and institutional
  • @daltonc Dalton Caldwell on x
    The S&P 500 now has 3 YC companies: DoorDash, Airbnb and Coinbase.
  • @solanalegend @solanalegend on x
    We are so early that the first company that derives the majority of its revenues from crypto (trading) was just admitted into the S&P 500 Many more to come...
  • @katie_haun Kathryn Haun on x
    Congrats @Coinbase on achieving this milestone for crypto. The S&P 500 is one of the most widely followed benchmarks in the world. Having a crypto-native company represented at that level is a big moment for the industry.
  • @packym Packy McCormick on x
    I'm old enough to remember when they'd sell you a share of Coinbase for $33. Now it's joining the S&P 500. What a time to be alive.
  • @johnedeaton1 John E Deaton on x
    You forgot: Then they sue you.... Then you kick their ass and they drop the suit.... Then you enter the S&P 500.
  • @cathiedwood Cathie Wood on x
    Well deserved recognition, @brian_armstrong and @coinbase! While you probably agree that active managers should depend on fundamental research, not index providers, to screen for stocks, @ARKInvest is pleased that index-sensitive managers will be compelled to consider $COIN now.
  • @jessepollak @jessepollak on x
    today: @coinbase is the first onchain company to join the S&P500 next step: bring the S&P500 onchain 🔜
  • @rjdrost Robert Drost, Ph.D. on x
    Congratulations @brian_armstrong and the @coinbase team on joining the S&P 500. This is a historic milestone for Coinbase and the entire crypto industry. It's a signal that crypto has moved from the margins to the mainstream and is here to stay. The builders, believers and
  • @dgt10011 Jeff Park on x
    Imagine battling the SEC for years, only to ascend to the S&P 500 just months later— There's no worthier steward of this victory than $COIN. Even sweeter that it's replacing the antiquated $DFS Congratulations to all Americans who still believe in and demand economic freedom
  • @ljxie Linda Xie on x
    I know people hate on tradfi but I feel emotional seeing Coinbase join the S&P 500. Congrats @brian_armstrong and team, what a milestone! 🥹
  • @sreeramkannan Sreeram Kannan on x
    This milestone belongs to every builder who believes in open innovation. @coinbase joining the S&P 500 is a massive win for the entire industry. It marks the arrival of crypto as credible, social-scale infrastructure. Congratulations @brian_armstrong and team!
  • @pierre_crypt0 Pierre on x
    Don't make this become a weird version of the Coinbase app ranking curse