Is Coinbase About to List on the S&P500? Has Crypto Reached Maturity?

Coinbase stock (COIN), a crypto exchange, could be listed on the S&P500 (SPX). Improving the regulatory environment in a move aiming to boost revenue.

Crypto is cyclic—there are good and bad days. But for the trading enablers, the music doesn’t stop.

They have to be operational, regardless of market conditions. A few years back, especially after the 2017 boom, registering and operating a crypto account was incredibly hard.

The good news is that the scene has matured, and there are numerous exchanges to choose from.

The Rise And Rise Of Coinbase

However, only a few have the history that Coinbase boasts of.

The American exchange has grown over the years, cementing its position in the highly competitive scene.

What’s notably evident is its adaptability over the years.

Indeed, in the early years, their policy was strict, only allowing them to list a couple of coins, mainly Bitcoin, Ethereum, Litecoin , and Ethereum Classic.

Things have changed, and the exchange has not only gone public but now supports several tokens and coins, capturing a broader base.

Moreover, Coinbase has diversified and offers custody via Coinbase Prime while supporting derivatives trading via Coinbase Global. Interestingly, Coinbase also backs Base , an Ethereum layer-2 platform.

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The boom explains why the exchange continues to garner the attention of both investors and analysts across the board.

Coupled with the now favorable, pro-crypto regulatory environment and the diversified business model, Coinbase–the business–could grow even more in the coming years.

The Future Is Bright

Barclays, the global banking giant, recently upgraded Coinbase’s rating to an “equal weight” rating.

The bank cited its improved and resilient business model and a brighter financial outlook.

Analysts say the upgrade reflects growing confidence in the crypto scene. Most importantly, they are positive that Coinbase will glide higher thanks to the pro-crypto regulatory environment, especially in the United States.

 

Over and above everything, nothing can be taken away from the resilience the exchange has shown, especially after the collapse of FTX and the resulting crackdown.

Coinbase has maintained a disciplined approach to costs, diversified its revenue streams, and, most crucially, continuously expanded its product offerings.

As a highlight, the exchange is now the custodian for BlackRock and other top-spot Bitcoin ETF issuers in the United States.

Is Coinbase Stock Listing On S&P 500?

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With this hindsight, it is no wonder why there is excitement that Coinbase will rapidly grow, cement its position in crypto, and even secure a spot among the top 500 public companies in the United States.

A listing on the S&P 500 will be huge for the exchange.

Nonetheless, there are no guarantees.

A listing will provide the exchange with even more visibility and credibility. Additionally, it would be much easier for Coinbase to access the capital needed to expand and gain market share from stiff competitors like Binance.

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Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.