Coinbase (Coin) may be on the way to join the world’s most valuable companies. At the very least, this is the view of Matt Hougan, Chief Investment Officer at Bitwise. In his latest post, he chose Coinbase as the number one company with a market capitalization of less than $100 billion.
This month, Coinbase will be the first Crypto-Native Company to be included in the S&P 500, the US’s most significant stock market index, starting May 19th.
Coinstock increased by 7% after the announcement due to after-hours trading. The meeting continues to the current session. As of May 13th, Coinbase shares were trading at $246.36, an increase of 18.88% since the previous closing.
Currently, you’re most likely to choose a company that’s below $100 billion and one day become a company that costs more than $1 trillion.
Starting: $61 billion Coinbase. pic.twitter.com/phiwajwjix
– Matt Hougan (@matt_hougan) May 13, 2025
Getting into the S&P 500 is more than just a technical adjustment. This signal that Coinbase is currently considered one of the most important public companies in the United States and has genuine staying power. If Hougan is right, this could be just the beginning.
If Coinbase reaches a $1 trillion valuation, it will be alongside companies like Meta, Nvidia, Amazon, and Alphabet.