Shares of Coinbase (COIN.US), one of the largest cryptocurrency exchanges, are gaining over 9% before the opening of today's session after it was announced that the company will join the S&P500 index, which brings together the largest companies listed on Wall Street from May 19 this year, replacing Discover Financial Services (DFS.US).
This information is of great importance to the company itself due to the element of replicating the S&P500 index by funds, thereby potentially allocating funds from above in the company's shares.
Start investing today or test a free demo
Create account Try a demo Download mobile app Download mobile appSentiments on the company's shares are additionally supported by the rising prices of Bitcoin and other cryptocurrencies. Let us recall that the largest cryptocurrency has broken through the barrier of USD 100,000, gaining almost 28% in the last 30 days.
The company's shares are currently gaining almost 9% and are breaking above the 50-, 100-, and 200-day exponential moving averages (before the opening of Wall Street). Source: xStation
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
