Coinbase just became the first and only crypto company to join the S&P 500.
This milestone represents what the true believers, from retail investors to institutional investors to our employees and partners, knew all along.
Based on reports, Coinbase plans to acquire Deribit for $2.9 billion, in one of the largest deals in crypto history. The purchase would bring options trading into its suite of products and boost revenue potential. At the same time, it adds integration risks and debt service that investors will be watching closely.
This milestone marks a turning point for Coinbase and the broader crypto sector. As indexing funds flow into the stock, the exchange will gain more visibility among mainstream investors. Yet the business faces a tightrope walk: balancing growth through big deals like Deribit while managing risks tied to crypto’s famous price swings.
Featured image from StartupNews.fyi, chart from TradingView
