Coinbase Global Set to Join S&P 500 (May 12, 2025)

Summary

An announcement from New York dated May 12, 2025, via PRNewswire, states that Coinbase Global Inc. (NASD: COIN) will replace Discover Financial Services (NYSE: DFS) in the S&P 500 effective prior to the opening of trading on Monday, May 19. It states that S&P 500 constituent Capital One Financial Corp. (NYSE: COF) is acquiring Discover Financial Services in a deal expected to be completed soon, pending final closing conditions. A table lists Coinbase Global as an addition and Discover Financial Services as a deletion, both effective May 19, 2025, in the Financials GICS sector.

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Cited in: Brian Armstrong

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“Coinbase Global Set to Join S&P 500 (May 12, 2025).” Original at press.spglobal.com. Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/2025-05-12-coinbase-global-set-to-join-s-p-500-3916de465b559d48-3b39aef13c/, SHA-256 fbe5ddd7581e3250083dfd50fc752ccd225319bb67f8e78d8cb44f6a59753cc5.

Full text

NEW YORK , May 12, 2025 / PRNewswire / -- Coinbase Global Inc. (NASD: COIN) will replace Discover Financial Services (NYSE: DFS) in the S&P 500 effective prior to the opening of trading on Monday, May 19 . S&P 500 constituent Capital One Financial Corp. (NYSE: COF) is acquiring Discover Financial Services in a deal expected to be completed soon, pending final closing conditions.

Following is a summary of the changes that will take place prior to the open of trading on the effective date:

Effective Date | Index Name | Action | Company Name | Ticker | GICS Sector
May 19, 2025 | S&P 500 | Addition | Coinbase Global | COIN | Financials
May 19, 2025 | S&P 500 | Deletion | Discover Financial Services | DFS | Financials

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