Oracle Red Bull Racing Announces ‘Next Level’ Partnership with Crypto Exchange ‘Bybit’ »FirstSportz

Red Bull
Red Bull

Big Crypto has bitten Formula One later a major Formula One sponsor has been announced as the main partner of the Miami Grand Prix. Even French builder Alpine has announced a partnership with exchange Binance. The latest news is Red Bull F1 The team announced a new sponsor ahead of the 2022 Formula One season with Bybit.

Bybit was founded in 2018 as a digital derivatives exchange with over six million registered users worldwide. It is headquartered in Singapore and has offices in Hong Kong and Taiwan. The deal is said to be worth $150 million over three seasons.

Red Bull announced the new partnership on their social media accounts. The deal is the largest annual crypto sponsorship signed in the world of sports announcing a new era of sponsorship boom led by trading platforms and digital assets.

Also read: ‘Red Bull and Mercedes lined up’, FIA President offers interesting words…

Red Bull
Red Bull

The deal makes Bybit the official Red Bull Cryptocurrency partner. It will also help Red Bull issue ‘fan tokens’ and improve the distribution of the group’s growing collection of digital assets. Other projects include promoting crypto literacy, STEM career diversity, sustainability, and green technology while also supporting women in blockchain and introducing crypto to audiences. new.

“I am delighted to welcome Bybit to the Team,” team boss said Christian Horner. “It is also fitting that as we enter a new generation of F1 competition in 2022, with a new cutting-edge and potentially game-changing philosophy about racing cars, Bybit also exists. in advanced technology.”

“The unique energy and creativity of Oracle Red Bull Racing inspires us. The team changed the game in the same way that digital assets changed the global financial system. Bybit has found our kind spirit and perfect harmony between speed, safety and reliability to be all that our users are looking for on our platform,” Ben Zhou, co-founder and CEO of Bybit said.

The news comes after Red Bull announced the American Cloud and Software company Oracle as their new Title sponsor. The deal is worth $500 million over five years. With a sporty new brand, Red Bull is now the leading team with marketing deals for the season.

Also read: Max Verstappen playfully warned Lando Norris: “I’ll throw some rot… Oracle Red Bull Racing Announces ‘Next Level’ Partnership with Crypto Exchange ‘Bybit’ »FirstSportz

Subhankar Mondal

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