Coinbase stock surges on being added to S&P 500 on May 19

Coinbase Global (COIN) will join the Standard and Poor's 500 (S&P500) index fund on May 19, financial information services platform S&P Global said in a recent statement. The crypto exchange will replace Discover Financial Services (DFS), which was recently acquired by Capital One Financial Corp (COF), S&P Global said on May 12. S&P Global’s confirmation of Coinbase Global being inserted into the S&P 500. S&P GlobalThe S&P 500 is a stock market index that tracks the performance of 500 of the largest, publicly traded companies in the US, representing a broad measure of the overall US stock market source: https://cointelegraph.com/news/coinbase-listed-s-and-p-500-may-19?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound