Dogecoin Gets Free Advertising As Coinbase Sponsors Mr. Beast Video: Why This Bull Is Charged Up

Videos posted on YouTube by Mr. Beast typically trend for days and gain millions of views and reactions. That influence is not lost on Coinbase Global COIN, which sponsored a recent Mr. Beast video and launched a promotion.

What Happened: A video called “Last to Leave Circle wins $500k” released by Mr. Beast came with a sponsored promotion from Coinbase.

As part of the sponsorship, Mr. Beast mentioned how to sign up for a Coinbase account and mentioned some of the cryptocurrencies you could buy on the trading platform.

Coinbase is offering $10 in free Bitcoin to anyone who signs up with the Mr. Beast promotion.

Related Link: How Dogecoin Could Reach $1 According To Matt Wallace 

Why It’s Important: Top Dogecoin YouTube account Last Stand from Matt Wallace highlighted the importance of Coinbase using a social media influencer and how it can help the price of Dogecoin DOGE/USD.

“The reason we should be extremely excited is from one of the particular things in the video,” Wallace said.

Mr. Beast did a sponsorship with Coinbase in the video and mentioned three cryptocurrencies offered by the crypto platform, Bitcoin BTC/USD, Ethereum ETH/USD and Dogecoin.

“He didn’t mention all the others in the top ten," the Dogecoin-centric YouTuber noted.

Wallace said it was cool to see Coinbase reach out to Mr. Beast and get more people interested in the cryptocurrency space. The Mr. Beast video had six million views in six hours at the time of Wallace’s video. With 67.7 million subscribers, Mr. Beast is one of the largest accounts on YouTube.

The video currently has 17.0 million views and is the #1 trending video on Alphabet Inc.’s GOOGGOOGL YouTube.

Wallace said Coinbase could reach out to more influencers. “Coinbase is going to include Dogecoin in those videos,” Wallace predicted based on the mention of the three most popular cryptocurrencies by Mr. Beast.

Coinbase reported second-quarter revenue of $2.03 billion and a trading volume of $462 billion — its first quarter with Dogecoin on the platform.

Price Action: Dogecoin is trading 7.7% higher at $0.30 at the time of publication.

Photo: By Furtherfield Gallery on Flickr

Posted In: DogedogecoinMatt WallaceMr. BeastYouTubeCryptocurrencyNewsMarketsMedia

Ad Disclosure: The rate information is obtained by Bankrate from the listed institutions. Bankrate cannot guaranty the accuracy or availability of any rates shown above. Institutions may have different rates on their own websites than those posted on The listings that appear on this page are from companies from which this website receives compensation, which may impact how, where, and in what order products appear. This table does not include all companies or all available products.

All rates are subject to change without notice and may vary depending on location. These quotes are from banks, thrifts, and credit unions, some of whom have paid for a link to their own Web site where you can find additional information. Those with a paid link are our Advertisers. Those without a paid link are listings we obtain to improve the consumer shopping experience and are not Advertisers. To receive the rate from an Advertiser, please identify yourself as a Bankrate customer. Bank and thrift deposits are insured by the Federal Deposit Insurance Corp. Credit union deposits are insured by the National Credit Union Administration.

Consumer Satisfaction: Bankrate attempts to verify the accuracy and availability of its Advertisers' terms through its quality assurance process and requires Advertisers to agree to our Terms and Conditions and to adhere to our Quality Control Program. If you believe that you have received an inaccurate quote or are otherwise not satisfied with the services provided to you by the institution you choose, please click here.

Rate collection and criteria: Click here for more information on rate collection and criteria.