Coinbase Global will become the first cryptocurrency exchange platform to join the S&P 500 index later today, which means investors could soon have shares in the crypto company without realising it.
Passive investors in the stock market who hold common tracker funds of the S&P 500 – an index of 500 of the biggest listed companies in the US – will, as of this week, have a small portion of their money allocated to the company, which is used to buy and sell cryptocurrencies.
