Coinbase's stock surged in after-hours trading following the announcement that it will be included in the S&P 500 index starting May 19, 2025. The cryptocurrency exchange's shares, trading under the ticker COIN, rose 8% to an after-hours price of $225, building on a nearly 4% gain during regular trading, closing at $207.22. This strategic move involves Coinbase replacing Discover Financial Services on the S&P 500, prompted by the latter's upcoming acquisition by Capital One. The news has been received positively by traders, marking a significant milestone for Coinbase as it transitions from the Nasdaq to a more prestigious index, further solidifying its presence in the financial markets.

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