{"id":37948,"date":"2025-05-13T17:15:48","date_gmt":"2025-05-13T17:15:48","guid":{"rendered":"https:\/\/coincentral.com\/?p=37948"},"modified":"2025-05-13T16:12:35","modified_gmt":"2025-05-13T16:12:35","slug":"coinbase-global-inc-coin-stock-soars-on-sp-500-inclusion-and-deribit-acquisition","status":"publish","type":"post","link":"https:\/\/coincentral.com\/coinbase-global-inc-coin-stock-soars-on-sp-500-inclusion-and-deribit-acquisition\/","title":{"rendered":"Coinbase Global Inc. (COIN) Stock: Soars on S&amp;P 500 Inclusion and Deribit Acquisition"},"content":{"rendered":"<h2>TLDR<\/h2>\n<ul>\n<li>Coinbase stock rises 19% to $248 following S&amp;P 500 inclusion news.<\/li>\n<li>COIN will replace Discover Financial in the index on May 19.<\/li>\n<li>Oppenheimer raises target to $293; other analysts revise ratings and targets.<\/li>\n<li>Q1 earnings showed a 24% revenue increase and 26% rise in trading volume.<\/li>\n<li>COIN acquired Deribit for $2.9B, the largest crypto acquisition to date.<\/li>\n<\/ul>\n<p>Coinbase Global Inc. (NASDAQ: COIN) shares surged over 19% to $248 as of 11:42 AM EDT following the announcement of its inclusion in the S&amp;P 500 index.<\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone wp-image-37949 size-full\" src=\"https:\/\/coincentral.com\/wp-content\/uploads\/2025\/05\/Screenshot-98.png\" alt=\"\" width=\"1237\" height=\"627\" srcset=\"https:\/\/coincentral.com\/wp-content\/uploads\/2025\/05\/Screenshot-98.png 1237w, https:\/\/coincentral.com\/wp-content\/uploads\/2025\/05\/Screenshot-98-300x152.png 300w, https:\/\/coincentral.com\/wp-content\/uploads\/2025\/05\/Screenshot-98-1200x608.png 1200w, https:\/\/coincentral.com\/wp-content\/uploads\/2025\/05\/Screenshot-98-131x66.png 131w, https:\/\/coincentral.com\/wp-content\/uploads\/2025\/05\/Screenshot-98-768x389.png 768w, https:\/\/coincentral.com\/wp-content\/uploads\/2025\/05\/Screenshot-98-50x25.png 50w, https:\/\/coincentral.com\/wp-content\/uploads\/2025\/05\/Screenshot-98-150x76.png 150w, https:\/\/coincentral.com\/wp-content\/uploads\/2025\/05\/Screenshot-98-450x228.png 450w\" sizes=\"(max-width: 1237px) 100vw, 1237px\" \/><\/p>\n<p style=\"text-align: center\"><a href=\"https:\/\/finance.yahoo.com\/quote\/COIN\/\" target=\"_blank\" rel=\"noopener\">Coinbase Global Inc. (COIN)\u00a0<\/a><\/p>\n<p>The company will officially join the index on May 19, replacing Discover Financial Services (DFS), which is being acquired by Capital One Financial (COF). <a href=\"https:\/\/blockonomi.com\/coinbase-review\/\" target=\"_blank\" rel=\"noopener\">Coinbase<\/a> acknowledged the milestone on social media, calling it a historic moment for the crypto industry. This marks the first time a major U.S. crypto exchange will become part of the S&amp;P 500, a shift that\u2019s expected to attract increased attention from institutional investors.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">\ud83d\udea8 <a href=\"https:\/\/twitter.com\/search?q=%24COIN&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$COIN<\/a> (Coinbase) just got added to the S&amp;P 500<\/p>\n<p>More people will indirectly own crypto \u2014 whether they realize it or not.<\/p>\n<p>This isn\u2019t just about a stock.<br \/>It\u2019s another step toward mainstream adoption.<br \/>Crypto is quietly becoming part of the system. <a href=\"https:\/\/t.co\/SA0eLWNyUu\">pic.twitter.com\/SA0eLWNyUu<\/a><\/p>\n<p>&mdash; Vlad (\ud83d\udc3b, \ud83d\udc3b) (@Vlad_Web3) <a href=\"https:\/\/twitter.com\/Vlad_Web3\/status\/1922044318971535568?ref_src=twsrc%5Etfw\">May 12, 2025<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>&nbsp;<\/p>\n<h2>Analyst Reactions and Price Target Changes<\/h2>\n<p>Oppenheimer analysts reaffirmed their Outperform rating and maintained a $293 price target, calling the S&amp;P 500 inclusion a major catalyst for Coinbase. They anticipate increased buying by index and non-index funds, as well as greater institutional support. Other analysts made adjustments too: Cantor Fitzgerald raised its price target to $253 and kept an Overweight rating, while Citi held its Buy rating and a $270 target. Compass Point upgraded COIN from Sell to Neutral, pointing to potential retail trading and altcoin price growth.<\/p>\n<p>Oppenheimer also reduced a separate price target to $269 citing macroeconomic uncertainties impacting trading volumes. Despite these concerns, most analysts see the index inclusion as a turning point for institutional confidence in crypto-related stocks.<\/p>\n<h3>Q1 Earnings and Market Position<\/h3>\n<p><a href=\"https:\/\/moneycheck.com\/coinbase-bridges-the-gap-between-traditional-finance-and-defi\/\" target=\"_blank\" rel=\"noopener\">Coinbase\u2019s<\/a> first-quarter results showed a 24% year-over-year revenue increase, driven by a 26% rise in trading volume. Adjusted earnings per share matched expectations, although April and May trading activity showed some slowdown. The company\u2019s 1-year return stands at 22.98%, outperforming the S&amp;P 500\u2019s 12.82%. Over the past three years, COIN has gained 261.50%, though the 5-year return remains negative at -35.60%.<\/p>\n<p>The upcoming earnings date is set between July 30 and August 4, 2025. Investors will watch closely for continued momentum and growth in crypto trading volumes.<\/p>\n<h3>Strategic Deribit Acquisition<\/h3>\n<p><a href=\"https:\/\/coincentral.com\/celsius-network-vs-coinbase\/\" target=\"_blank\" rel=\"noopener\">Coinbase<\/a> also announced a $2.9 billion acquisition of Deribit, the leading crypto options exchange. The acquisition marks the largest in the industry to date. H.C. Wainwright\u2019s Mike Colonnese maintained a Buy rating on the stock and stated the deal is expected to be immediately accretive. This acquisition solidifies Coinbase\u2019s position in the derivatives market, a growing area in the crypto ecosystem.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">\ud83d\udea8Coinbase to buy Deribit for $2.9B ($700M cash, 11M shares) in Crypto&#39;s Largest Ever M&amp;A: WSJ <a href=\"https:\/\/t.co\/s08UP26MQO\">pic.twitter.com\/s08UP26MQO<\/a><\/p>\n<p>&mdash; matthew sigel, recovering CFA (@matthew_sigel) <a href=\"https:\/\/twitter.com\/matthew_sigel\/status\/1920461625183621124?ref_src=twsrc%5Etfw\">May 8, 2025<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>CEO Brian Armstrong stated that Coinbase aims to be the number one financial services app globally within 5 to 10 years. He believes traditional finance is rapidly adopting crypto and Coinbase is poised to lead that transition. As the company gains S&amp;P 500 status and executes major strategic moves, investor interest is likely to grow.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>TLDR Coinbase stock rises 19% to $248 following S&amp;P 500 inclusion news. COIN will replace Discover Financial in the index on May 19. Oppenheimer raises target to $293; other analysts revise ratings and targets. Q1 earnings showed a 24% revenue increase and 26% rise in trading volume. COIN acquired Deribit for $2.9B, the largest crypto<\/p>\n","protected":false},"author":9006,"featured_media":26954,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"iawp_total_views":50,"footnotes":""},"categories":[1,28152],"tags":[28558,28730,28645,28647,28731],"class_list":{"0":"post-37948","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-news","8":"category-stocks","9":"tag-brian-armstrong","10":"tag-coin","11":"tag-coinbase-stock","12":"tag-deribit-acquisition","13":"tag-sp-500-inclusion"},"wppr_data":{"cwp_meta_box_check":"No"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Coinbase Global Inc. 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