COIN has teamed up with leading video game developer Riot Games to become the exclusive cryptocurrency exchange for Valorant and League of Legends esports global events
Coinbase Global Inc (NASDAQ:COIN) has teamed up with leading video game developer Riot Games to become the exclusive cryptocurrency exchange for Valorant and League of Legends esports global events, the companies announced Tuesday.
What Happened: The collaboration is set to commence with the VCT Masters Toronto, Riot Games confirmed on its website.
Coinbase is expected to bring a range of fan-facing enhancements, including custom segments, event activations, hospitality promotions and giveaways for Valorant and LoL Esports fans.
Riot Games runs LoL esports leagues and the Valorant Champions Tour, selling corporate sponsorships, goods, and streaming rights for its leagues. The company is wholly owned by Chinese conglomerate Tencent Holdings (OTC:TCEHY).
Shares of Coinbase were up 1.58% in after-hours trading after closing 1.26% lower at $196.89 during Tuesday's regular trading session, according to data from Benzinga Pro. The stock's price has plummeted 20.70% year-to-date.
Shares of Tencent were up 0.09% in after-hours trading after closing 1.47% higher at $64.89 on Tuesday.
COIN scored very high on growth score—a measure of a stock's combined historical expansion in earnings and revenue across multiple time periods. Benzinga Edge Stock Rankings will help you locate similar high-growth stocks for your portfolio.
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