Key Takeaways Coinbase shares soared 24% on Tuesday following news the cryptocurrency exchange will be added to the S&P 500.The stock forged an inverse head and shoulders pattern on the chart between March and May,

S&P 500 index on May 19, S&P Dow Jones Indices announced late Monday. Coinbase shares COIN rallied nearly 20% on Tuesday. The inclusion is a “watershed” moment for the crypto exchange and the industry,