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Coinbase Joins S&P 500
Coinbase's inclusion in the S&P 500 index in May 2024 marked crypto's definitive arrival in mainstream finance, outperforming #2 exchange Kraken by a factor of 3 in quarterly revenue. The exchange processed $439 billion in trading volume in Q1 2024 alone and generated $1.6 billion in quarterly revenue — its best quarter since the 2021 bull market — validating the regulated crypto exchange model for institutional investors.
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