Coinbase Becomes Official Crypto Sponsor of Golden State Warriors in $10 Million Deal

Oct 28, 2024, 08:31 PM

Coinbase has been named the official crypto sponsor of the NBA's Golden State Warriors, replacing FTX. The partnership designates Coinbase as the Warriors’ exclusive blockchain and crypto partner, including sponsorship of the Chase Center. This move comes after the collapse of FTX, which had previously signed a $10 million deal with the Warriors in December 2021. Mike Kitts, the Warriors' Chief Commercial Officer, stated that the partnership aims to build fandom using blockchain technology. The news was reported by Cointelegraph, and Coinbase's stock symbol is $COIN.