United States Encrypted Currency ExchangeCoinbaseOn 19 May, it will be the first digital asset enterprise to join the 500 index. This means that Coinbase will be listed in the same club with well-known businesses such as Apple, Amazon and Birkheil Hasawe.

This also means that the stock of the 13-year-old company will be embraced by millions of new investors holding standard 500 ETF (usually through retirement accounts). According to Goldman Sachs, “passive investors” have invested nearly $3 trillion in markets over the past decade. For example, the State Street logo 500 ETF manages over $5,722 billion in assets.

In the New York time morning deal, Coinbase ' s stock price jumped by 16 per cent, well above the standard 500 index of less than 1 per cent. Of course, as a encryption company, Coinbase's movement is closely linked to bitcoin and wider market performance.

As a result of the volatile effects of the trade war launched by President Donald Trump, Coinbase's income fell by 10 per cent to $2 billion in the first quarter; net profits fell by 94 per cent to $66 million. However, with the recovery of the encryption market, this period seems to have become a history. Bernstein analysts say that Coinbase's cattle market phase is just beginning and predicts that Coinbase's share price will rise by 50 per cent by the end of this year.

Although Coinbase has had a difficult test period, including the US Securities and Exchange Commission ' s charge of illegal operation of the unlicensed-licensed exchange and trading of unregistered securities on behalf of investors in 2023, Coinbase, led by Chief Executive Officer Brian Armstrong, denied these allegations and refuted the claim that SEC, under the leadership of then Chairman Gary Ginsler, unfairly punished it and other encryption companies that pursued innovative business models. However, the Trump Government terminated the strike and the SEC withdrew the case in February.

For a growing enterprise like Coimbase, the best long-term benefit of increasing passive investors is increased viscosity. These investors focus on building pension funds, preferring to cross the bear market and ignore volatility. In this sense, ordinary bulk investors have something in common with their encrypted money partners — they prefer “currency holding”.