COIN Stock Soars 23% Ahead of Coinbase’s May 19 Debut on S&P 500

Coinbase (COIN) stock closed trading at $256 on Tuesday, May 13, after posting a 23% intraday gain. The rally to a 12-week high comes ahead of COIN stock listing on the S&P 500 on May 19, which will make the exchange the first US crypto company to debut on the benchmark index.