Cryptocurrency exchange platform Coinbase had a minute-long commercial at the Super Bowl that featured a square QR code that bounced on the screen, as a result of which the app crashed due to extremely high traffic, causing share prices to immediately plummet before recovering the next day.
Shares of the largest publicly listed US crypto exchange Coinbase slipped in premarket trading on Monday. After a surge in traffic following a Super Bowl advertisement resulted in the app crashing briefly over the weekend. A floating, colorful QR code was displayed during NFL’s title game, the biggest US TV event of the year. It redirected people to a link that offered $15 in bitcoin to those who sign up for a Coinbase account before Feb. 15. The site saw 20 million hits on its landing page in one minute after the launch of the bizarre advert. Coinbase reported “more traffic