Coinbase Boosted by S&P 500 Inclusion Despite Hack, Probe Risks

Coinbase Global Inc.’s rally has been unconquerable this week, as even a one-two punch of negative headlines did little to stop the crypto exchange operator’s climb ahead of its inclusion in the S&P 500 Index.

Shares of Coinbase rose 34% over the last five sessions, the biggest weekly gain since President Donald Trump’s reelection, buoyed by an announcement Monday that the stock would replace Discover Financial Services in the index.