The actions of Coinbase (Coin), largest brokerage cryptocurrency (exchange) from the United States, they jumped more than 14% in the early hours of Tuesday (13) after an announcement yesterday night that the platform papers will join the index S&P 500.
The S&P 500 is an index that includes 500 of the largest companies listed in the United States and Coinbase Global will replace Discover Financial Services from the opening of May 19-that is, next Monday.
Discover’s departure comes after the capital One Financial, which is a component of S&P 500, to announce the purchase of the company.
Last Thursday (8), Coinbase reported net profit US $ 65.6 million (or US $ 0.24 per share) in the first quarter of 2025 (1T25). The revenue of exchange It was $ 2 billion in the period, 24% higher than the first quarter of last year.
However, the results were below the expectations of analysts, who expected profit per share of $ 1.93 and revenue of $ 2.1 billion.
COIN shares drop more than 15% in the 2025 accumulated and only recently managed to reverse the drop from the company’s IPO in 2021, with a slight appreciation of 0.37% over the quotes of that time.
Source: Moneytimes
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