Coinbase Becomes First Cryptocurrency Exchange to Join S&P 500 Index in the USA. Index | Dated: 24 May 2025 In May 2025, Coinbase Global Inc. (COIN), headquartered in California, USA, became the first cryptocurrency exchange to be included in the New York-based Standard & Poor’s 500 (S&P 500) Index. 🎯 Key Highlights: - Coinbase replaced Illinois-based Discover Financial Services (DFS) in the S&P 500 following DFS’s acquisition by Capital One Financial Corporation (COF), based in Virginia, USA. 💡 Other Important Facts: (i) The S&P 500 Index tracks 500 leading companies and represents 90% of the U.S. equity market capitalization, making Coinbase’s inclusion a major milestone in the mainstream acceptance of digital assets. (ii) Coinbase’s entry into the index coincided with Bitcoin (BTC-USD) crossing the USD 100,000 mark, driven by pro-crypto policies under U.S. President Donald Trump. 📚 Test Your Knowledge: Which cryptocurrency exchange became the first to join the S&P 500 Index in May 2025? Correct Answer: Coinbase 🚀 Quick Recap: