After Facebook, Coinbase ads are now on Google and Instagram
One of the biggest cryptocurrency exchanges, Coinbase, is back on Google and Instagram ads. The news came soon after the Facebook crypto ad ban reversal took place.
Brian Armstrong, CEO of Coinbase, made the announcement on Twitter that the exchange had been whitelisted to post advertisements on Facebook in yet another win for cryptocurrencies. He added that this positive development would introduce more people to an “open financial system.”
Since June 2018, biggest search engine platform in the world, Google, published a financial services policy stating that the advertising of cryptocurrencies is banned on its platform. It included Initial Coin Offerings [ICO], cryptocurrency exchanges, cryptocurrency wallets and trading advice.
Google mentioned, “Our policies are designed to give users information to weigh the costs associated with financial products and services and to protect users from harmful or deceitful practices. For the purposes of this policy, we consider financial products and services to be those related to the management or investment of money and cryptocurrencies, including personalized advice.”
A Redditor posted the screenshot stating that Coinbase ads are back on Google. Steven81, a Redditor says: “After Facebook, Google does too. Bull is prepped :p Seriously though, even google search trends (for bitcoin) seems to have bottomed, finally, after months and months of falling. Manipulation or not, the way this bear started (ads ban, Korea ban) may also be the one to end it (restart of ads, Korea is back)”
Google’s approval is significant since the exchange can now get access to billions of people and the exposure of cryptocurrencies would be double. SoberJohnDaly, another Redditor says: “Crypto advertising was put on the back burner by most websites. This is them now allowing coinbase to advertise again. I really doubt coinbase would ever pull the plug on advertising on the largest search engine in the world.” Coinbase ads are also back on Instagram after Facebook and Google.
Image via Shutterstock
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