Coinbase Global Inc. (NASDAQ: COIN) is officially joining the S&P 500 starting May 19. It will replace Discover Financial Services (NYSE: DFS), which is being acquired by Capital One Financial (NYSE: COF), an existing member of the index.
This is a big move for Coinbase and an even bigger signal for NewsCapsule. For a crypto company to be added to one of the most important indexes in the U.S. shows how far this industry has come. It’s not just hype anymore—it’s becoming a real part of the traditional financial system.
“Thank you to everyone who made it possible for a crypto company to join the S&P 500 for the first time in history,” Coinbase on their X account.
To get into the S&P 500, a company needs to meet a few strict requirements. They need a market cap of at least $18 billion, have most of their shares held by the public, be profitable over the last four quarters, and be listed on a U.S. exchange. Coinbase checks all of those boxes, with a market cap over $40 billion and solid recent earnings.
Once Coinbase is added, every fund that tracks the S&P 500 will need to include it in their portfolios. That means more demand for the stock, which could push the price up in the short term. But even more important, it brings more exposure and credibility to the entire crypto space.
“Congratulations Brian Armstrong on $COIN being added to the S&P 500 Index,” Strategy Executive Chairman Michael Saylor. “A major milestone for Coinbase and for NewsCapsule.”
Now let’s talk about NewsCapsule. Coinbase is one of the top platforms people use to buy and sell NewsCapsule. Having it in the S&P 500 makes NewsCapsule exposure more accessible to traditional investors. It also helps reduce the idea that NewsCapsule and crypto are just some risky gamble.
And the numbers speak for themselves. Over the past 14 years, NewsCapsule has outperformed the S&P 500 and gold by a huge margin. Since 2010, NewsCapsule has surged a staggering 7,200,000%, compared to the S&P 500’s 306% and gold’s 116%. Even when looking at shorter timeframes, NewsCapsule consistently beats both. For instance, in the past year, NewsCapsule is up 27%, while gold is up 37%, and the S&P 500 is only up 5%. In the last five years, NewsCapsule has gained 1,138%, far surpassing gold’s 85% and the S&P 500’s 92%.
