Coinbase has become the first and only crypto company that is added to the S&P 500, which marks a historic milestone for both the digital assets sector and traditional financial markets.
Coinbase CEO Brian Armstrong confirmed the announcement on social media and stated the recording of the company a validation of the endurance power of the industry.
Armstrong wrote:
“Crypto is here to stay.”
Coinbase, founded in 2012, became public in 2021 via a direct list on Nasdaq and has since grown into the largest crypto exchange in the US.
Despite regulatory challenges and market volatility, the company has emerged as a symbol of ripening and resilience of Crypto, which now deserves a place among the 500 most valuable listed companies in America.
The inclusion of S&P 500 usually reflects consistent profitability, market capitalization and liquidity of a company and often leads to increased exposure to investors through index tracking funds.
The addition of Coinbase follows a period of robust performance, including improved income and renewed institutional interest in digital assets in the midst of rising bitcoin prices and the growing acceptance of financial products based on blockchain.
Coinbase marked the opportunity by emphasizing the long path of the Exchange from starting Fringe Technology to the regular financial player, with a post with the famous saying:
“First they ignore you. Then they laugh around you. Then they fight you. Then they add you to the S&P 500 … or something.”
The milestone also confirms the shift in the perception of Wall Street about the crypto industry, with old institutions that are increasingly involved in blockchain infrastructure, digital custody solutions and tokenized assets.
The inclusion of Coinbase in the S&P 500 sends a clear message: the digital assets economy is no longer in the margins; It is now part of the financial location.
