The share price of popular crypto exchange Coinbase surged when the market opened today. After bringing millions of Superbowl viewers to their website on Sunday,
Coinbase shares were trading down 5% over the past weekend, however, their share price returned 3% on Monday, trading around $200.
The move follows a successful Superbowl ad campaign. This competes with other major advertisements from both Crypto.com and FTX.
The ad states that $15 in Bitcoin will be given away for free to everyone who joins the platform before February 15th, as well as exchange FTX that will be giving away 7.54 Bitcoin to 4 lucky people.
As a result of the ad campaign, 20 million page views were achieved within just one minute of the ad’s broadcast. and caused the Coinbase website to temporarily shut down.
The post Coinbase shares face increasing volatility after Super Bowl ad campaign appeared first on Bitcoin Addict.