Coinbase Global Inc COIN is extending what it calls its “biggest sweeps ever” — a giveaway of $3 million in Bitcoin BTC/USD.
What Happened: The cryptocurrency trading platform says its existing users can opt-in before 11:59 p.m. PST on Feb. 27 to participate.
There will be three winners of $1 million, as per the terms of the sweepstakes.
Earlier on Sunday, Coinbase featured a QR code in its Super Bowl advertisement that crashed the company’s app; it spent $14 million on the promotion.
Coinbase enables users to trade in cryptocurrencies like Bitcoin, Ethereum ETH/USD and Dogecoin DOGE/USD among other offerings.
Price Action: On Friday, Coinbase shares closed 5% lower at $194.53. At press time, Bitcoin traded 0.8% lower at $41,932.81 over 24 hours.
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