Coinbase jumps 24% after the S & P 500

Siknbase Shares increased by 24% on Tuesday and the most acute rally has increased since the next day President Donald Trumps Inclusion of the election victory, the S & P 500 after the Crypto exchange.

S & P said that Global was released on Monday Siknbase have substitute Discover financial services in the process of obtaining by Capital a finance. The change will come into force before trading Monday.

The shares added in the S & P 500 are often increased in comparison, because the benchmark will add it to their portfolios. For Coinbase, Trump is the latest sharp movement for a few months for a few months before the chosen to return to the White House.

Coinbase stocks rocket On November 6, November 6, the day after the election, the next department will receive more cryptist friendly policies after four years President Joe Biden’s term in office.

The company and CEO Brian was Armstrong Basic financial supporters In 2024, the campaign supports the candidates supporting the company’s candidates up and down. Coinbase was one of the best corporate donors with more than $ 75 million, a PAC called Fairshake and his affiliates. Armstrong contributed more than $ 1.3 million to the mixture of candidates.

The beginning of the term Trump is mainly the crypto industry, by regulation disposal To create a strategic bitcoin reserve, so far there are legislation indecent. This is its own partial in connection with Trump’s personal efforts to earn cryptovalcuts through Meme Coins and other family initiatives.

Coinbase, roller coaster, as well as 26% in February, Roiled Trump’s tariff ads and pushed investors riskless. With the rally on Tuesday, the stock is now about 3.5% per year.

Since then go to the public In 2021, Coinbase became a larger part of the US financial system, Bitcoin’s value and large institutions, Spot Bitcoin exchange has become a larger part of large institutions to create trade labeled funds.

Bitcoin followed last week, filled $ 100,000 and approached the record price in January. Crypto currency has passed $ 104,000 on Tuesday.

To connect to S & P 500, a company must give a profit in the last quarter and get a cumulative profit of the last quarter.

Coinbase last week declare $ 65.6 million or 24 kopecks, 24 kopecks, less than $ 1.18 billion or a year ago, $ 4.40 per year for the fair value of Crypto investments. The income reached $ 1.64 billion a year ago for $ 2.03 billion.

The company was announced last week Plans to get the derby in DubaiA large crypto derivatives are $ 2.9 billion. The biggest deal in the Crypto industry will help expand Coinbase’s footnotes outside the US

Follow: Bitcoin remains past 100,000