Coinbase Gains Mainstream Exposure In HBO’s Silicon Valley Season 5 Intro

  • A stack of physical bitcoin with Coinbase's logo on top appeared in the intro of HBO's Silicon Valley
  • The show opted for Coinbase over companies like Yahoo and Alibaba

One of the largest currency exchanges headquartered in the United States, Coinbase, of which the Global Digital Asset Exchange (GDAX) platform is a part of, is now featured in the introductory video of Silicon Valley’s fifth season on HBO.

Over the past few years, cryptocurrencies seem to have been attracting the attention of the mainstream media throughout the world. Recently, “The Big Bang Theory”, one of the most-viewed TV shows, introduced bitcoin to its millions of viewers who had a chance to learn about cryptocurrencies.

Coinbase has been in the media for its blitzing developments. The company is now once again being talked about for being featured in HBO’s Silicon Valley Introductory video. Reddit and Twitter users pointed out the news on the social media platforms.

 

 

Being one of the most popular consumer-facing cryptocurrency exchanges in the United States, Coinbase has more than 10 million registered users on it.  Just a day ago, the company indicated its development efforts by announcing it will add support for ERC-20 tokens on its platform. The price of various tokens, including 0x and REP, surged on the announcement, alhtough no specific assets were mentioned.

Opting For Coinbase Over Yahoo And Alibaba

The American comedy television series updates its intro video every year and adds a few notable companies that have made a big impact in the Valley. Thus, the Silicon Valley season 5’s new intro video has proven the so-called 'crypto craze' in hitting San Francisco. In the video, the director added a stack of physical bitcoins with a Coinbase logo on the top. 

Coinbase has been an extremely successful company. According to reports, it generated over $1 billion in revenue in 2017. This growth was fueled by new users, as at one point last year the company was adding about 50,000 users per day. Over the US Thanksgiving holiday, it added 100,000 users in three days.

In the video, the creators clown Facebook for its recent data breach and Russian involvement scandals. The show mocks the social media titan by briefly converting it into Russian.It also added Uber and Lyft, which replaced Slack and Theranos.

Bakkt Launches CFTC-Regulated Bitcoin Options Contracts and Cash-Settled Futures

The Intercontinental Exchange’s (ICE) cryptocurrency venture, Bakkt, has launched Bitcoin options contracts and cash-settled futures contracts that use its physically-settled bitcoin contracts as a benchmark.

In a blog post published by Bakkt’s COO Adam White, Bakkt compared the Intercontinental Exchange’s Brent Crude Oil Futures, which it claims are “one of the most important contracts ICE would ever offer,” to its ambitions regarding bitcoin. The ICE has launched an umber of swaps, options, and futures contracts based on its crude oil product.

Adam White’s blog post reads:

By starting with the physically delivered Bakkt Bitcoin (USD) Monthly Futures, we have a benchmark contract which provides the foundation for us to develop complementary products based on the needs of our customers.

Bakkt’s initial trading volumes for its physical futures contract were rather low, but have been picking up lately with the monthly futures contracts trading over $120 million so far. Bakkt’s options contract is the first regulated by the U.S. Commodity Futures Trading Commission (CFTC) to hit the market, with one from the CME expected to be launched next month.

On the post Bakkt noted its monthly options contract will have no exposure to spot markets. Options are derivatives based on the value of an underlying asset that give the contract’s holder the option to buy or sell, depending on the type of contract they hold, the asset.

As CryptoGlobe reported, Malta-based crypto exchange OKEx has also announced it’s going to offer its traders options trading later this month on December 27, with a simulation starting on December 12.

It’s worth noting Bakkt is also looking to launch a crypto “consumer app” next year, with Starbucks being its first partner on it. The app will reportedly help its users buy goods and services using bitcoin.

Featured image via Unsplash.