In a surprising move, Robinhood (HOOD), the US-based cryptocurrency trading platform, has been approved for inclusion in the S&P 500 index, which represents the 500 largest publicly traded companies in the United States.

This announcement , made by S&P Dow Jones Indices, has sent ripples through the community, particularly given the recent speculation surrounding the potential inclusion of Strategy, the Bitcoin treasury firm led by Michael Saylor.

Robinhood Joins S&P 500

Joining Robinhood in the S&P 500 are AppLovin, a marketing platform, and Emcor, a mechanical and electrical construction services company. These firms will replace MarketAxess, a bond trading platform, and Enphase Energy, a solar inverter manufacturer, respectively. The changes are set to take effect on September

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