Coinbase jumps on inclusion into S&P 500

** Crypto exchange operator Coinbase Global's shares COIN.O jump 10% premarket to $228 after index operator S&P Dow Jones says stock to be included in benchmark S&P 500 .SPX

** At current levels, COIN could notch a more than two-month high at market open

** COIN to replace credit card issuer Discover Financial Services DFS.N in S&P 500 financials sector .SPSY on May 19

** Discover's exit comes after Capital One Financial's COF.N $35.3 bln offer for DFS was approved by U.S. regulators in April; deal expected to close on May 18

** On Thursday, COIN said Q1 profit had taken a hit from higher operating expenses and a value drop in crypto holdings due to trade and macro uncertainty

** Fifteen brokerages rate COIN "buy" or higher, 16 "hold"; their median PT is $255 - data compiled by LSEG

** Up to last close, COIN had fallen 16.5%