Coinbase and FTX commit to giving away cryptocurrency
Two cryptocurrency firms that typically compete for customer order flow competed for attention with their own ads during the Super Bowl.
A minute-long Coinbase ad with a QR code bouncing across the screen invited viewers to participate in a major giveaway, with more than $100 million in rewards expected for the cryptocurrency community this year.
Sam Bankman-Fried's FTX also bought ad space during a sporting event featuring comedian Larry David. In a two-minute commercial that introduces viewers to some of the greatest inventions in history, from the wheel to the fork to the toilet bowl, David dismisses these ideas as innovative. Then he is introduced to FTX and says, "I don't think so. And I'm never wrong about that."
As part of its own raffle, FTX gives away 7.54 BTC to those who enter before midnight.
