Coinbase had its best day since just after last year’s presidential election, as investors bought shares ahead of the company’s inclusion in the S&P 500.

Cryptocurrency exchange Coinbase Global (COIN) is set to join the S&P 500 (^GSPC) starting May 19. This moment comes on top of the company reporting earnings last week and announcing a $2.9 billion acquisition of crypto derivatives platform Deribit.

ARK Invest's CEO, Cathie Wood, referred to Coinbase (COIN), among some other innovation-focused companies, as being key players in blockchain technology which, according to her, continues to reinvent finance and technology.

Cryptocurrencies, including top meme coins, are in focus this week following news that Coinbase will soon join the benchmark S&P 500 index. In a press release on Monday, the index confirmed that Coinbase will replace Discover Financial Services to become a part of it on May 19.

Coinbase (COIN) experiencing breakout moment, soaring 47% in past month due to S&P 500 inclusion and acquisition of Deribit. Technicals also strong.

Crypto exchange Coinbase (COIN) is soaring 16% early Tuesday after the Monday evening announcement of its inclusion into the S&P 500. COIN will be added to the S&P 500 index after the close on Friday,

Coinbase CEO Brian Armstrong isn’t just celebrating his company’s inclusion in the S&P 500—he’s forecasting a major shift in the way Americans invest for

Rosenblatt analyst maintains Buy rating for Coinbase Global, raises price target to $300. Recent gains driven by S&P 500 addition and Deribit acquisition.

Coinbase Global (NASDAQ:COIN) shares jumped 16% in Tuesday morning trading on news it will join the S&P 500 (SP500) (SPX) next week, in a "watershed moment" that is set to boost institutional ownership of the crypto exchange.