Coinbase is replacing Discover on the S&P 500 stock market index: Here s why and what that means

Get the Full StoryIt s the first time that a cryptocurrency company will be included on the closely followed index. Coinbase shares are up double digits on the news.

One of the world s most well-known stock market indexes, the S&P 500, will soon look a little different. That s because its roster of 500 companies is getting a shakeup, which will see the cryptocurrency exchange Coinbase Global join the index. In the process, Coinbase will replace legacy financial services company Discover Financial.

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