Coinbase shares increase by over 10 %: Admission to the S&P 500 on May 19!

Coinbase shares increase by over 10 %: Admission to the S&P 500 on May 19!
Coinbase entered the S&P 500: Start of the stock of over 10% after the end of trade
The Bitcoin exchange Coinbase recorded an increase in its shares by over 10% after the closing time on Monday. This course was triggered after the S&P Dow Jones Indices confirmed that Coinbase will be recorded in the S&P 500 on May 19th.
The inclusion in the S&P 500 is an important milestone for the company, since this index represents an important benchmark for the US economy and attracts a large number of investors. The confirmation of the index recordings reflected the increasing acceptance and growing trust in cryptocurrencies and their trading platform.
For many investors, belonging to the S&P 500 is an indicator of stability and growth potential. The positive market reaction to the message could attract both existing and new investors, which contributes to further strengthening the company.
Overall, the price increase of Coinbase shows how important such strategic developments are for the perception and value of companies in the dynamic and often volatile cryptocurrency sector.