Cryptocurrency Exchanges Buy Super Bowl Advertising Time

Cryptocurrency Exchanges Buy Super Bowl Advertising Time

NBC is reportedly charging as much as $6.5 million for a 30-second spot, up from the $5.5 million CBS commanded for commercials during last February’s broadcast.

Crypto.com recently purchased a Super Bowl ad from NBC, which will air the game. Fellow cryptocurrency exchange FTX purchased an ad for the Feb. 13 broadcast earlier this year.

Highlights

  • In November, the company took over naming rights of the Los Angeles Lakers, Clippers, and Kings home arena in a 20-year, $700 million deal.In July, Crypto.com inked a 10-year, $175 million deal with UFC.In June, it signed a five-year pact with Formula 1 worth $100 million.It has also partnered with Angel City FC, Serie A, Paris Saint-Germain, and the Montreal Canadiens.

  • Crypto.com has made sports a major avenue for elevating its brand.

FTX has kept pace, scoring the naming rights to the Miami Heat’s arena in a 19-year, $135 million deal and the field at California Memorial Stadium for $17.5 million over 10 years.

Crypto’s New Battleground

“Diehard sports fans are typically going to be males, 18 to 35, with disposable income, which aligns nicely with the demographic of your typical retail trader,” FTX head of partnerships Sina Nader told Front Office Sports in October.