Binance Signs Five-Year Deal with Argentine Football Association
- This is Binance's first sponsorship of a national football team.
- BNB to become the only official fan token of the AFA.

Binance, the world’s largest cryptocurrency exchange, has signed its first sponsorship agreement with a national football team.
The digital exchange just entered into a five-year deal with the Argentine Football Association (AFA), Insider Sport reports.
This comes five months after Binance entered into a partnership agreement with the Confederation of African Football, becoming the exclusive cryptocurrency and blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamper with. The Evolution of BlockchainBlockchain was originally invented by an individual or group of people under the name of Satoshi Nakamoto in 2008. The purpose of blockchain was originally to serve as the public transaction ledger of Bitcoin, the world’s first cryptocurrency.In particular, bundles of transaction data, called “blocks”, are added to the ledger in a chronological fashion, forming a “chain.” These blocks include things like date, time, dollar amount, and (in some cases) the public addresses of the sender and the receiver.The computers responsible for upholding a blockchain network are called “nodes.” These nodes carry out the duties necessary to confirm the transactions and add them to the ledger. In exchange for their work, the nodes receive rewards in the form of crypto tokens.By storing data via a peer-to-peer network (P2P), blockchain controls for a wide range of risks that are traditionally inherent with data being held centrally.Of note, P2P blockchain networks lack centralized points of vulnerability. Consequently, hackers cannot exploit these networks via normalized means nor does the network possess a central failure point.In order to hack or alter a blockchain’s ledger, more than half of the nodes must be compromised. Looking ahead, blockchain technology is an area of extensive research across multiple industries, including financial services and payments, among others. Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamper with. The Evolution of BlockchainBlockchain was originally invented by an individual or group of people under the name of Satoshi Nakamoto in 2008. The purpose of blockchain was originally to serve as the public transaction ledger of Bitcoin, the world’s first cryptocurrency.In particular, bundles of transaction data, called “blocks”, are added to the ledger in a chronological fashion, forming a “chain.” These blocks include things like date, time, dollar amount, and (in some cases) the public addresses of the sender and the receiver.The computers responsible for upholding a blockchain network are called “nodes.” These nodes carry out the duties necessary to confirm the transactions and add them to the ledger. In exchange for their work, the nodes receive rewards in the form of crypto tokens.By storing data via a peer-to-peer network (P2P), blockchain controls for a wide range of risks that are traditionally inherent with data being held centrally.Of note, P2P blockchain networks lack centralized points of vulnerability. Consequently, hackers cannot exploit these networks via normalized means nor does the network possess a central failure point.In order to hack or alter a blockchain’s ledger, more than half of the nodes must be compromised. Looking ahead, blockchain technology is an area of extensive research across multiple industries, including financial services and payments, among others. Read this Term sponsor of the African Cup of Nations.
This new deal names the Cayman Islands-headquartered exchange as the main global sponsor of Argentina’s national teams.
Additionally, the partnership means that the Binance Coin (BNB), a token created by Binance in 2017, will become the only official fan token of the AFA while the partnership lasts.
Maximiliano Hinz, Binance’s General Director for Latin America, has said that the partnership will bring more technology and innovation to the Argentine sports industry and millions of fans.
The move will also “expand crypto adoption for the benefits of users, the cryptocurrency and blockchain community, and society in general,” Hinz explained.
Claudio Tapia, AFA’s President, said the collaboration will enable both partners to “project actions for five years, work on various projects and establish a work plan that will undoubtedly deliver great results for both parties.”
Tapia further explained, “For several years, we have been significantly increasing AFA’s income and adding leading global brands in their fields.
Finance and Football
In January, Binance landed a sponsorship deal with Brazil’s soccer league, Paulistão Sicredi, to expand its reach in the Latin American country.
The exchange stated that the sponsorship enables it to launch exclusive products such as a platform for non-fungible tokens (NFTs) and live NFTs, among others.
Moreover, Binance currently sponsors Santos Futebol Clube, the Brazilian sports club based in Vila Belmiro in the city of Santos.
However, aside from cryptocurrency exchanges, forex and contract for difference (CFD) brokers are seeking to penetrate new markets through football.
For instance, Robomarkets, a forex and CFD broker, recently entered into a multi-year agreement with Eintracht Frankfurt, a German football club.
Estonia-based forex and CFDs broker brand, Admirals (formerly Admiral Markets), recently inked a deal with FCI Levadia Tallinn, a domestic football club in Estonia.
“Football has always had an important place in the history of Estonian sports,” the Chief Executive Officer of Admirals Group, Sergei Bogatenkov, said.
“As the representative of Admirals, we are very pleased that we can be the background force for the current champions of Estonia.”
Binance, the world’s largest cryptocurrency exchange, has signed its first sponsorship agreement with a national football team.
The digital exchange just entered into a five-year deal with the Argentine Football Association (AFA), Insider Sport reports.
This comes five months after Binance entered into a partnership agreement with the Confederation of African Football, becoming the exclusive cryptocurrency and blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamper with. The Evolution of BlockchainBlockchain was originally invented by an individual or group of people under the name of Satoshi Nakamoto in 2008. The purpose of blockchain was originally to serve as the public transaction ledger of Bitcoin, the world’s first cryptocurrency.In particular, bundles of transaction data, called “blocks”, are added to the ledger in a chronological fashion, forming a “chain.” These blocks include things like date, time, dollar amount, and (in some cases) the public addresses of the sender and the receiver.The computers responsible for upholding a blockchain network are called “nodes.” These nodes carry out the duties necessary to confirm the transactions and add them to the ledger. In exchange for their work, the nodes receive rewards in the form of crypto tokens.By storing data via a peer-to-peer network (P2P), blockchain controls for a wide range of risks that are traditionally inherent with data being held centrally.Of note, P2P blockchain networks lack centralized points of vulnerability. Consequently, hackers cannot exploit these networks via normalized means nor does the network possess a central failure point.In order to hack or alter a blockchain’s ledger, more than half of the nodes must be compromised. Looking ahead, blockchain technology is an area of extensive research across multiple industries, including financial services and payments, among others. Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamper with. The Evolution of BlockchainBlockchain was originally invented by an individual or group of people under the name of Satoshi Nakamoto in 2008. The purpose of blockchain was originally to serve as the public transaction ledger of Bitcoin, the world’s first cryptocurrency.In particular, bundles of transaction data, called “blocks”, are added to the ledger in a chronological fashion, forming a “chain.” These blocks include things like date, time, dollar amount, and (in some cases) the public addresses of the sender and the receiver.The computers responsible for upholding a blockchain network are called “nodes.” These nodes carry out the duties necessary to confirm the transactions and add them to the ledger. In exchange for their work, the nodes receive rewards in the form of crypto tokens.By storing data via a peer-to-peer network (P2P), blockchain controls for a wide range of risks that are traditionally inherent with data being held centrally.Of note, P2P blockchain networks lack centralized points of vulnerability. Consequently, hackers cannot exploit these networks via normalized means nor does the network possess a central failure point.In order to hack or alter a blockchain’s ledger, more than half of the nodes must be compromised. Looking ahead, blockchain technology is an area of extensive research across multiple industries, including financial services and payments, among others. Read this Term sponsor of the African Cup of Nations.
This new deal names the Cayman Islands-headquartered exchange as the main global sponsor of Argentina’s national teams.
Additionally, the partnership means that the Binance Coin (BNB), a token created by Binance in 2017, will become the only official fan token of the AFA while the partnership lasts.
Maximiliano Hinz, Binance’s General Director for Latin America, has said that the partnership will bring more technology and innovation to the Argentine sports industry and millions of fans.
The move will also “expand crypto adoption for the benefits of users, the cryptocurrency and blockchain community, and society in general,” Hinz explained.
Claudio Tapia, AFA’s President, said the collaboration will enable both partners to “project actions for five years, work on various projects and establish a work plan that will undoubtedly deliver great results for both parties.”
Tapia further explained, “For several years, we have been significantly increasing AFA’s income and adding leading global brands in their fields.
Finance and Football
In January, Binance landed a sponsorship deal with Brazil’s soccer league, Paulistão Sicredi, to expand its reach in the Latin American country.
The exchange stated that the sponsorship enables it to launch exclusive products such as a platform for non-fungible tokens (NFTs) and live NFTs, among others.
Moreover, Binance currently sponsors Santos Futebol Clube, the Brazilian sports club based in Vila Belmiro in the city of Santos.
However, aside from cryptocurrency exchanges, forex and contract for difference (CFD) brokers are seeking to penetrate new markets through football.
For instance, Robomarkets, a forex and CFD broker, recently entered into a multi-year agreement with Eintracht Frankfurt, a German football club.
Estonia-based forex and CFDs broker brand, Admirals (formerly Admiral Markets), recently inked a deal with FCI Levadia Tallinn, a domestic football club in Estonia.
“Football has always had an important place in the history of Estonian sports,” the Chief Executive Officer of Admirals Group, Sergei Bogatenkov, said.
“As the representative of Admirals, we are very pleased that we can be the background force for the current champions of Estonia.”