Coinbase Launches New TV Campaign; $COIN Price Soars

Also Read: Gemini Derivatives Exchange Reprimanded In Philippines

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“It’s Time To Update The System”

In a short video message, Armstrong explains “how crypto moves America forward and why it’s the most important technology we have to create more economic freedom.” Overall, the crypto ad campaign is targeted at showacasing how the digital assets industry can help update the financial system. It’s time to update the system, the CEO added. Armstrong explained that there was no stopping the invention behind cryptocurrencies, as most countries began embracing the technology.

“Cryptocurrency, regardless of what you think about it, is not going anywhere. It can’t be uninvented. Most of the world is embracing this technology now to update their financial system.”

He also explained how the Crypto Market is associated with a perception about financial frauds and scams. Therefore, crypto is not just a means to transact but a useful technology for various walks of life, Armstrong added.

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$COIN Price Soars

Meanwhile, the Coinbase price $COIN jumped in response to the news of the TV commercial campaign. The $COIN stock price saw an overall increase of around 6% since market opened on Monday. After a dip at the $49 level earlier in the first week of May 2023, the $COIN price had more or less maintained a sideways pattern around the $60 level.

Also Read: US Fed Officials Favor To Hike Rates Over 6%, Is Bitcoin Crash Imminent?

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