Coinbase Gives Out $120,000 Worth of Bitcoin to WNBA Players

Cryptocurrency trade Coinbase awarded $120,000 value of Bitcoin to WNBA gamers on Tuesday as a part of its ongoing sponsorship of the ladies’s skilled basketball league.

On the WNBA’s Commissioner’s Cup Championship on Tuesday, every participant was awarded $5,000 in Bitcoin from the trade. Gamers on each groups—the New York Liberty and Las Vegas Aces—had the crypto funds deposited into their private Coinbase accounts. Every group has 12 gamers.

WNBA gamers are additionally supplied crypto academic content material from Coinbase, which expanded its partnership with the WNBA in 2022 after the corporate grew to become the WNBA and NBA’s first cryptocurrency sponsor in September 2021. As a part of the enlargement, the trade helped the entire league’s gamers arrange private crypto accounts.

Coinbase is the presenting accomplice of the WNBA Commissioner’s Cup Championship, which streamed dwell on Amazon Prime Video. The Commissioner’s Cup is an annual competitors that takes place through the WNBA common season, awarding gamers further funds whereas additionally elevating cash for charity.

The Liberty received Tuesday’s last at Michelob Extremely Enviornment in Las Vegas, the place followers have been additionally supplied NFT collectibles from Coinbase to commemorate their attendance. Followers who obtained the NFT have been additionally given a 25% low cost to the WNBA’s on-line retailer, and a free single-game viewing go for the WNBA League Cross streaming service.

Coinbase’s WNBA partnership was criticized by some followers throughout final yr’s crypto market crash that noticed the collapse of a number of crypto trade firms and initiatives that had inked sports activities sponsorship offers—together with main trade FTX, crypto lender Voyager, and cryptocurrency mission Terra.

Along with Coinbase’s WNBA league deal, the trade additionally sponsors the Liberty and the Seattle Storm, and has particular person offers with star gamers Sue Hen and Jewell Loyd.