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Crypto Firms Abstain from Super Bowl Advertising

Crypto Firms Abstain from Super Bowl Advertising

Several cryptocurrency exchanges and trading platforms confirmed that they won't air a commercial during the upcoming Super Bowl.

Coinbase advertised during the previous Super Bowl and said they would not participate this year. eToro, another platform promoted last year, stated they have no plans to advertise in this year’s Super Bowl and prefers to focus on its strong online presence.

Binance criticized the notion that crypto companies should advertise during the event, with their Chief Strategy Officer, Patrick Hillmann, stating that a 30-second ad is not an effective way to educate potential users about the complexities of cryptocurrency.

Kraken also stated that they won’t be advertising in this year’s Super Bowl and are focused on improving their services for clients.

READ MORE: This Ethereum-Based Altcoin Could See a Significant Price Surge

AP reported that no crypto trading platform scheduled a Super Bowl ad this year, with some companies withdrawing after the market crash in November.

Last year, Coinbase, Crypto.com, eToro, and FTX advertised during the Super Bowl, but FTX was no longer in operation. The upcoming Super Bowl LVII will take place on February 12, 2023.

Alexander Stefanov

Reporter at CoinsPress

Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.

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