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.

Cryptocurrencies, including top meme coins, are in focus this week following news that Coinbase will soon join the benchmark S&P 500 index. In a press release on Monday, the index confirmed that Coinbase will replace Discover Financial Services to become a part of it on May 19.

ARK Invest's CEO, Cathie Wood, referred to Coinbase (COIN), among some other innovation-focused companies, as being key players in blockchain technology which, according to her, continues to reinvent finance and technology.

Rosenblatt analyst maintains Buy rating for Coinbase Global, raises price target to $300. Recent gains driven by S&P 500 addition and Deribit acquisition.

Coinbase shares surged 24% on May 13, 2025. The move marks their biggest one-day gain since the day after Donald Trump's election victory. Inclusion of the stock to the S&P 500 led to this surge.

Coinbase (COIN) experiencing breakout moment, soaring 47% in past month due to S&P 500 inclusion and acquisition of Deribit. Technicals also strong.

Coinbase Global (NASDAQ:COIN) shares jumped 16% in Tuesday morning trading on news it will join the S&P 500 (SP500) (SPX) next week, in a "watershed moment" that is set to boost institutional ownership of the crypto exchange.