Author: John Smith

The inclusion, effective before trading begins on May 19, will see the crypto major replacing Discover Financial Services in the index. Analysts at Bernstein estimate the move could trigger roughly $9 billion in inflows from passive investment vehicles linked to the S&P 500. At a market capitalization of approximately $52 billion, Coinbase would represent around 0.1% of the S&P 500 Coinbase is set to become the first pure-play cryptocurrency firm to be included in the S&P 500 index. The inclusion, effective before trading begins on May 19, follows the pending completion of Discover Financial Services’ acquisition by Capital One.…

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