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 stock price has bounced back in the past few weeks, helped by the strong performance of the crypto and stock markets. COIN shares soared to $210, the highest level since March 7, and 48% above the lowest level this month.

Shares of cryptocurrency exchange Coinbase (COIN) experienced a significant surge in after-hours trading on Monday following the landmark announcement that the company will be added to the prestigious S&P 500 stock index.

Crypto exchange Coinbase will become the first crypto stock in the popular S&P 500. The exchange's stock, COIN, will go live on the index beginning next Monday, according to a press release by the S&P Global Media Center. COIN will replace Discover Financial Services, which Capital One Financing Corp recently acquired.

Coinbase published its fiscal Q1 FY2025 results, missing on both ends of consensus estimates. Read why I upgrade COIN stock to "Hold" despite the Q1 miss.

Coinbase’s Q1 2025 earnings report missed expectations, but strong user activity and future plans still offer hope for growth.

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