Best crypto to buy as Coinbase warms up to inclusion in the S&P 500

Cryptocurrencies, including top meme coins, are in focus this week following news that Coinbase will soon join the benchmark S&P 500 index.

In a press release on Monday, the index confirmed that Coinbase will replace Discover Financial Services to become a part of it on May 19^th.

The announcement sent Coinbase shares up more than 25% in recent sessions. Continued buying momentum in COIN stock signals it may be headed to print a new year-to-date high in the months ahead.

What the S&P 500 news means for Coinbase investors?

Winning a spot on the S&P 500 is a significant development for Coinbase as index inclusion often serves as a material tailwind for a company’s stock price.

Part of what drives their share prices up is a meaningful increase in demand that follows a business’s addition to the benchmark index.

For example, exchange-traded funds, pension funds, and other institutional investors tend to focus more on companies that are listed on the S&P 500 index.

Additionally, funds that track the S&P 500 will now have to invest in Coinbase, further boosting the demand for the crypto stock through the remainder of 2025.

Finally, Coinbase’s inclusion in the benchmark S&P 500 index is broadly a vote of confidence in its financial and operational stature, which may sound more appealing to traditional investors.  

What does Coinbase news mean for top meme coins?

On May 19^th, Coinbase will become the first and only crypto company to join the benchmark S&P 500 index – a watershed moment for crypto industry, signalling mainstream financial acceptance.