Group 1 - Coinbase Global will be added to the S&P 500 index on May 19, replacing Discover Financial [1] - Following the announcement, Coinbase's stock (COIN) rose by 5.17% in after-hours trading [1]

Group 1 - Coinbase (COIN.O) will be added to the S&P 500 index, replacing Discover Financial [1] - This inclusion reflects the growing significance of cryptocurrency exchanges in the financial market [1] - The decision by S&P Dow Jones Indices highlights the increasing acceptance of digital assets among traditional financial institutions [1] Group 2 - The move is expected to enhance Coinbase's visibility and credibility among investors [1] - This change may lead to increased investment in Coinbase shares as index funds and ETFs that track the S&P 500 will need to buy Coinbase stock [1] - The inclusion is a notable milestone for the cryptocurrency industry, indicating its maturation and integration into mainstream finance [1]

Group 1 - Coinbase reported total revenue of $2.03 billion for the first quarter, below analyst expectations of $2.11 billion [1] - Adjusted EBITDA for the first quarter was $929.9 million, compared to analyst expectations of $971.1 million [2] - Trading revenue for the first quarter was $1.3 billion, slightly below the expected $1.33 billion [2] Group 2 - Subscription and services revenue for the first quarter was $698 million, also falling short of the anticipated $702.5 million [2] - The company expects subscription and services revenue for the second quarter to be between $600 million and $680 million [2] - Following the earnings report, Coinbase's stock fell by 3.39% in after-hours trading [3]