It’s the first time that a cryptocurrency company will be included on the closely followed index. Coinbase shares are up double digits on the news. One of the world’s most well-known stock market indexes,

Investors jumped on shares of Coinbase Global after the Monday night news that the crypto exchange will join the S&P 500 next week.

The stock jumped nearly 15% following news that Coinbase will replace Discover Financial (DFS, Financials) in the S&P 500 index. The change will take effect before the market opens on May 19. The move adds Coinbase to the portfolios of index-tracking funds,