Cryptocurrency Market News: Top Unitedย States based cryptocurrency exchange Coinbaseย Cryptoย exchange is tryingย to change the narrative around digitalย currencies as part of an next television advertisement campaign. Interestingly, the ad campaign will be live in Washington DC, where a bulkย of the Unitedย States lawmakers and regulatoryย authorities are based in. Brian Armstrong, the chief executive officer of Coinbaseย Cryptoย exchange, shared some insights into how the advertisements would go. The exchange seemsย to be planning to shape the cryptocurrencyย market narrative instead of promoting its own products.
โItโs Time To Update The Systemโ
In a short video message, Armstrong describes โhow cryptocurrency moves America forward and why itโs the most important technology we have to create more economic freedom.โ Inย general, the cryptocurrency ad campaign is targeted at showacasing how the digital assets industry can help update the financial system. Itโs time to update the system, the CEO added. Armstrong stated that there was no stopping the invention behind digitalย currencies, as most countries began embracing the technology.
โ Digitalย currency, regardlessย of what you think about it, is not going anywhere. It canโt be uninvented. Most of the world is embracing this technology now to update their financial system.โ
He likewise stated how the cryptocurrencyย market is associated with a perception about financial frauds and scams. Thisย isย why, cryptocurrency is not just a means to transact but a useful technology for numerous walks of life, Armstrong added.
$COIN Price Soars
Inย theย meantime, the Coinbaseย Cryptoย exchange price $COIN jumped in response to theย latestย information of the Television commercial campaign. The $COIN stock price saw an overall increase of around 6 percent since market opened on Monday. After a dip at the $49 level earlier in the 1st week of May 2023, the $COIN price had more or less maintained a sideways pattern around the $60 level.
