Coinbase stock is surging
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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.
Coinbase joins S&P 500, replacing Discover; stock jumps 8% as crypto firm gains major exposure among mainstream institutional investors.
Coinbase Global's shares jumped nearly 10 per cent in premarket trading on Tuesday after the cryptocurrency exchange became the first digital asset player to be included in the benchmark S&P 500 index.