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

In a groundbreaking move, cryptocurrency exchange Coinbase granted $120,000 worth of Bitcoin to WNBA players during the Commissioner’s Cup Championship. This sponsorship of the women’s professional basketball league solidifies Coinbase’s commitment to empowering female athletes in the world of cryptocurrency.

At the championship game, each player from the New York Liberty and Las Vegas Aces received $5,000 in Bitcoin, deposited directly into their personal Coinbase accounts. With 12 players on each team, the impact of this initiative reaches far and wide across the league.

Beyond the monetary reward, WNBA players are also gaining access to valuable educational resources on cryptocurrency from Coinbase, demonstrating a holistic approach to the partnership between the exchange and the league. This expanded collaboration marks a significant step forward for both Coinbase and the WNBA, following Coinbase’s historic position as the first cryptocurrency sponsor of the WNBA and NBA in 2021.

As the presenting partner of the WNBA Commissioner’s Cup Championship, the live stream on Amazon Prime Video showcased the intersection of sports and cryptocurrency, emphasizing the innovative nature of this collaboration. The Commissioner’s Cup not only provides additional funds for players but also raises money for charity, aligning with Coinbase’s commitment to social impact.

Following the Liberty’s victory at Michelob Ultra Arena in Las Vegas, fans were also able to partake in the crypto excitement, receiving NFT collectibles from Coinbase to commemorate the event. In a thoughtful gesture, these fans were given a 25% discount at the WNBA’s online store and a free single-game viewing pass for the WNBA League Pass streaming service.

While this partnership has garnered praise, it has also faced criticism in the wake of the crypto market crash. However, the resilience of the WNBA and Coinbase’s commitment to the league’s success remain unwavering.

In addition to its league-wide sponsorship, Coinbase also supports individual teams and players, further solidifying its dedication to empowering and uplifting the WNBA and its athletes.