Coinbase Global Inc. (NASD: COIN) will replace Discover Financial Services (NYSE: DFS) in the S&P 500 effective prior to the opening of trading on Monday, May 19. S&P 500 constituent Capital One Financial Corp. (NYSE: COF) is acquiring Discover Financial Services in a deal expected to be completed soon, pending final closing conditions.

Following is a summary of the changes that will take place prior to the open of trading on the effective date:

For more information about S&P Dow Jones Indices, please visit www.spdji.com

Source: S&P Dow Jones Indices

Two other thoughts:
1. Crypto is about to be in everyone's 401k
2. My goal is that in 5-10 years, getting into COIN50 index will feel as good as this https://t.co/fXfk2tJ6g8

— Brian Armstrong (@brian_armstrong) May 12, 2025

2025 is the start of the mainstream era for crypto https://t.co/necEWLSjuu

— Hunter Horsley (@HHorsley) May 13, 2025

Coinbase joins the S&P 500, another summit scaled on Coinbase’s drive towards economic freedom

By Alesia Haas, Chief Financial Officer

It’s been a monumental few months for crypto, with the election of a pro-crypto federal government, BTC and USDC reaching new all time highs, and now the inclusion of COIN as the first and only crypto company in the S&P 500, a well-respected benchmark for the US economy.  We are honored to be included and grateful for this recognition.

This is a major milestone, not just for Coinbase, but also for the entire crypto industry. Joining this prestigious index reflects how far Coinbase and the industry have come and is a signal of where the world is heading. I’m proud of everyone at Coinbase who put in the hard work to help us get here – it has been a journey.

But, this milestone wouldn’t be possible without the unwavering support of our customers, partners, builders, and employees carrying this industry forward. Together, we’ve not only built through the ups and downs of the market but also proven that crypto is here to stay.

Source: Coinbase

The S&P 500 inclusion is going to force 7x the daily trading volume into $COIN stock.

Discover Financial currently represents ~0.10% of the S&P 500 index.

According to S&P Dow Jones Indices, ~$13.5 T of assets are benchmarked to the S&P 500.

That means $13.5B of $COIN… https://t.co/bsjOffUOzJ

— Juan Leon (@singularity7x) May 12, 2025