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Crypto.com Extends Sports Sponsorships to Formula 1
Crypto.com's branding will be present trackside at all F1 races for the remainder of the 2021 season.
Updated Sep 14, 2021, 1:18 p.m. Published Jun 29, 2021, 9:30 a.m. 1 min read
Cryptocurrency exchange Crypto.com has extended its sports sponsorships through a partnership with Formula 1.
- The Hong Kong-based exchange has become an inaugural partner of F1's new "Sprint" format, according to an announcement Tuesday.
- Crypto.com's branding will be present trackside at all F1 races for the remainder of the 2021 season starting with British Grand Prix at Silverstone on July 17.
- The partnership furthers Crypto.com's presence at major sporting events; the exchange sponsored Italian soccer's Coppa Italia final in May.
- It also signed a deal with the National Hockey League team Montreal Canadiens in March.
Read more: Crypto.com Joins With Circle to Enable USD Deposits for USDC
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From May 20 to May 29, XRP funds took in $35 million while bitcoin and ether ETFs lost roughly $2 billion combined, with Ripple’s earlier reported XRP treasury plan still awaiting confirmation.
Ano ang dapat malaman:
- U.S.-listed spot XRP ETFs drew $11.88 million in net inflows on May 29, extending a week of gains even as bitcoin and ether funds saw continued redemptions.
- Total net assets in U.S. XRP ETFs now stand near $1.12 billion, with about $35 million added since May 20 while bitcoin and...
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