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TechFlow news, May 13 — According to TheBlock, Coinbase, the largest cryptocurrency exchange in the United States, will be added to the S&P 500 Index, becoming the first pure-play cryptocurrency company to enter this benchmark index. The change will take effect prior to the opening of trading on May 19, with Coinbase replacing Discover Financial Services. Following the announcement, Coinbase shares (ticker: COIN) rose 8% in after-hours trading.
According to Theblock, Coinbase, the largest cryptocurrency exchange in the United States, will be added to the S&P 500 index, becoming the first pure cryptocurrency company to enter the benchmark index. The change will take effect prior to the opening of trading on May 19, with Coinbase replacing Discover Financial Services. Following the announcement, Coinbase shares (ticker: COIN) rose 8% in after-hours trading.
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