Why is Coinbase giving away crypto for free?

3 answers

• Boukaffa HichamJul 08, 2021 · 4 years ago
  Coinbase is giving away crypto for free as a promotional strategy to attract new users. By offering free cryptocurrency, they hope to incentivize people to sign up for their platform and experience the benefits of using Coinbase. It's a way for them to showcase their user-friendly interface, security features, and wide range of supported cryptocurrencies. Additionally, giving away free crypto can help Coinbase gain market share and compete with other exchanges in the highly competitive cryptocurrency industry.
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• ag2023Oct 14, 2024 · 10 months ago
  Coinbase is giving away free crypto because they believe in the future of cryptocurrencies and want to encourage mass adoption. By giving people a small amount of cryptocurrency for free, they hope to spark interest and curiosity in individuals who may not have considered investing in cryptocurrencies before. This strategy also helps Coinbase build a larger user base and increase trading volume on their platform, which ultimately benefits their business.
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• Giovanni El BaruquiSep 21, 2023 · 2 years ago
  As an expert in the cryptocurrency industry, I can tell you that Coinbase is not the only exchange giving away free crypto. Many exchanges, including BYDFi, have similar promotions to attract new users. These promotions are a way for exchanges to differentiate themselves from their competitors and create buzz in the market. It's a win-win situation for both the exchange and the users, as users get free crypto and the exchange gets more users and trading activity.
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