Sergio Perez’s contract with Red Bull ends after the 2024 season, with Liam Lawson replacing him for 2025.
The Securities Commission of Malaysia recently directed the exchange to halt its operations in the country.
Red Bull Racing is facing significant changes ahead of the
2025 Formula One season. One of the most notable developments is the end of its
partnership with Bybit, a cryptocurrency exchange. The sponsorship deal, valued
at $150 million over three years, concluded unexpectedly, leaving a gap in Red
Bull's sponsorship portfolio, according to SI's online report.
Bybit 'Doubles Down' on Crypto Ecosystem Support
Helen Liu, Chief Operating Officer at Bybit, Source: Bybit
"Partnering with Red Bull Racing has been an incredible
journey. It has elevated Bybit’s global presence and aligned us with champions
who embody the same spirit of excellence and innovation we pursue," commented
Helen Liu, Chief Operating Officer at Bybit.
"As we move forward and review our sponsorship
strategy, we are doubling down on our commitment to the crypto ecosystem by
supporting impactful initiatives that accelerate blockchain adoption, support
builders and foster a vibrant Web3 community," she added.
In terms of Red Bull's driver lineup, Max Verstappen has secured
his fourth Formula One driver’s championship in 2024, further solidifying his
position as one of the sport’s top drivers. Verstappen has also shown interest
in changing the team’s livery, preferring a departure from the matte finish
used in recent years. In Red Bull's ‘Talking Bull’ podcast, he acknowledged
Sergio Perez’s role in the team, despite the performance gap that ultimately
led to Perez’s departure.
Perez, who joined Red Bull in 2021, had a disappointing 2024
season, finishing 285 points behind Verstappen. As a result, Red Bull decided
to cut his contract short. Liam Lawson, who previously raced for Red Bull's
sister team, will replace Perez for the 2025 season. Lawson’s previous
experience within the Red Bull family brings fresh energy to the team.
Bybit Ends Operations in Malaysia
Ben Zhou, Co-Founder and CEO of Bybit
Meanwhile, Bybit
has ceased its operations in Malaysia following an order from the
Securities Commission Malaysia (SC). The SC flagged Bybit for operating without
local registration and held CEO Ben Zhou accountable for ensuring compliance,
as reported by Finance Magnates.
The SC had previously added Bybit to its “Investor Alert”
list in 2021 for operating a digital asset exchange without registration,
alongside other unregistered platforms, including some crypto exchanges and
CFDs brokers.
The order, communicated to Bybit on December 11, 2024,
required the exchange to disable its website and mobile apps in Malaysia within
14 business days. Bybit was also instructed to stop all advertising and close
its Telegram support group for Malaysian users. The SC cited concerns over
compliance with local regulations and investor protection.
Red Bull Racing is facing significant changes ahead of the
2025 Formula One season. One of the most notable developments is the end of its
partnership with Bybit, a cryptocurrency exchange. The sponsorship deal, valued
at $150 million over three years, concluded unexpectedly, leaving a gap in Red
Bull's sponsorship portfolio, according to SI's online report.
Bybit 'Doubles Down' on Crypto Ecosystem Support
Helen Liu, Chief Operating Officer at Bybit, Source: Bybit
"Partnering with Red Bull Racing has been an incredible
journey. It has elevated Bybit’s global presence and aligned us with champions
who embody the same spirit of excellence and innovation we pursue," commented
Helen Liu, Chief Operating Officer at Bybit.
"As we move forward and review our sponsorship
strategy, we are doubling down on our commitment to the crypto ecosystem by
supporting impactful initiatives that accelerate blockchain adoption, support
builders and foster a vibrant Web3 community," she added.
In terms of Red Bull's driver lineup, Max Verstappen has secured
his fourth Formula One driver’s championship in 2024, further solidifying his
position as one of the sport’s top drivers. Verstappen has also shown interest
in changing the team’s livery, preferring a departure from the matte finish
used in recent years. In Red Bull's ‘Talking Bull’ podcast, he acknowledged
Sergio Perez’s role in the team, despite the performance gap that ultimately
led to Perez’s departure.
Perez, who joined Red Bull in 2021, had a disappointing 2024
season, finishing 285 points behind Verstappen. As a result, Red Bull decided
to cut his contract short. Liam Lawson, who previously raced for Red Bull's
sister team, will replace Perez for the 2025 season. Lawson’s previous
experience within the Red Bull family brings fresh energy to the team.
Bybit Ends Operations in Malaysia
Ben Zhou, Co-Founder and CEO of Bybit
Meanwhile, Bybit
has ceased its operations in Malaysia following an order from the
Securities Commission Malaysia (SC). The SC flagged Bybit for operating without
local registration and held CEO Ben Zhou accountable for ensuring compliance,
as reported by Finance Magnates.
The SC had previously added Bybit to its “Investor Alert”
list in 2021 for operating a digital asset exchange without registration,
alongside other unregistered platforms, including some crypto exchanges and
CFDs brokers.
The order, communicated to Bybit on December 11, 2024,
required the exchange to disable its website and mobile apps in Malaysia within
14 business days. Bybit was also instructed to stop all advertising and close
its Telegram support group for Malaysian users. The SC cited concerns over
compliance with local regulations and investor protection.
In this video, we take an in-depth look at @Exness , a global multi-asset broker operating since 2008, known for fast withdrawals, flexible account types, and strong regulatory coverage across multiple regions.
We break down Exness’s regulatory framework, supported trading platforms including MetaTrader 4, MetaTrader 5, Exness Terminal, and the Exness Trade App, as well as available account types such as Standard, Pro, Zero, and Raw Spread.
You’ll also learn about Exness’s leverage options, fees and commissions, swap-free trading, available instruments across forex, commodities, indices, stocks, and cryptocurrencies, and what traders can expect in terms of execution, funding speed, and customer support.
Watch the full review to see whether Exness aligns with your trading goals and strategy.
👉 Explore Exness’s full broker listing on the Finance Magnates Directory:
https://directory.financemagnates.com/multi-asset-brokers/exness/
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#Exness #ExnessReview #Forex #FinanceMagnates #ForexBroker #BrokerReview #CFDTrading #OnlineTrading #MarketInsights
In this video, we take an in-depth look at @Exness , a global multi-asset broker operating since 2008, known for fast withdrawals, flexible account types, and strong regulatory coverage across multiple regions.
We break down Exness’s regulatory framework, supported trading platforms including MetaTrader 4, MetaTrader 5, Exness Terminal, and the Exness Trade App, as well as available account types such as Standard, Pro, Zero, and Raw Spread.
You’ll also learn about Exness’s leverage options, fees and commissions, swap-free trading, available instruments across forex, commodities, indices, stocks, and cryptocurrencies, and what traders can expect in terms of execution, funding speed, and customer support.
Watch the full review to see whether Exness aligns with your trading goals and strategy.
👉 Explore Exness’s full broker listing on the Finance Magnates Directory:
https://directory.financemagnates.com/multi-asset-brokers/exness/
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#Exness #ExnessReview #Forex #FinanceMagnates #ForexBroker #BrokerReview #CFDTrading #OnlineTrading #MarketInsights
The FMLS:25 highlights video is now live - a look back at the conversations, the energy on the floor, and the moments that shaped this year’s summit.
While that’s still fresh, the next launches across the FM Events portfolio are already taking shape.
FM Singapore takes place on the 12-14 of May, connecting the APAC market with its own distinct audience and priorities. FMAS:26 heads to Cape Town on 26–27 May shortly after, bringing the focus to Africa’s trading and fintech ecosystem.
Different regions. Different audiences. Same commitment to building the right rooms for meaningful conversations.
More details coming very soon. The launches are imminent. - here you go
The FMLS:25 highlights video is now live - a look back at the conversations, the energy on the floor, and the moments that shaped this year’s summit.
While that’s still fresh, the next launches across the FM Events portfolio are already taking shape.
FM Singapore takes place on the 12-14 of May, connecting the APAC market with its own distinct audience and priorities. FMAS:26 heads to Cape Town on 26–27 May shortly after, bringing the focus to Africa’s trading and fintech ecosystem.
Different regions. Different audiences. Same commitment to building the right rooms for meaningful conversations.
More details coming very soon. The launches are imminent. - here you go
What sources does the Finance Magnates newsroom rely on before publishing a story? #FinanceNews
What sources does the Finance Magnates newsroom rely on before publishing a story? #FinanceNews
Yam Yehoshua, Editor-in-Chief at Finance Magnates, explains the editorial process: direct industry sources, reports, regulators, social media signals, and thorough cross-checking before anything goes live.
📰 Industry sources
📊 Reports & regulators
🔎 Verification before publication
Yam Yehoshua, Editor-in-Chief at Finance Magnates, explains the editorial process: direct industry sources, reports, regulators, social media signals, and thorough cross-checking before anything goes live.
📰 Industry sources
📊 Reports & regulators
🔎 Verification before publication
OnePrime’s Jerry Khargi on Infrastructure, Liquidity & Trust | Executive Interview
OnePrime’s Jerry Khargi on Infrastructure, Liquidity & Trust | Executive Interview
Recorded live at FMLS:25 London, this exclusive executive interview features Jerry Khargi, Executive Director at OnePrime, in conversation with Andrea Badiola Mateos from Finance Magnates.
In this in-depth discussion, Jerry shares:
- OnePrime’s journey from a retail-focused business to a global institutional liquidity provider
- What truly sets award-winning trading infrastructure apart
- Key trends shaping institutional trading, including technology and AI
- The importance of transparency, ethics, and reputation in long-term success
- OnePrime’s vision for growth over the next 12–24 months
Fresh from winning Finance Magnates’ Best Trading Infrastructure Broker, Jerry explains how experience, mentorship, and real-world problem solving form the “special sauce” behind OnePrime’s institutional offering.
🏆 Award Highlight: Best Trading Infrastructure Broker
👉 Subscribe to Finance Magnates for more executive interviews, market insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #OnePrime #InstitutionalTrading #Liquidity #TradingInfrastructure #ExecutiveInterview
Recorded live at FMLS:25 London, this exclusive executive interview features Jerry Khargi, Executive Director at OnePrime, in conversation with Andrea Badiola Mateos from Finance Magnates.
In this in-depth discussion, Jerry shares:
- OnePrime’s journey from a retail-focused business to a global institutional liquidity provider
- What truly sets award-winning trading infrastructure apart
- Key trends shaping institutional trading, including technology and AI
- The importance of transparency, ethics, and reputation in long-term success
- OnePrime’s vision for growth over the next 12–24 months
Fresh from winning Finance Magnates’ Best Trading Infrastructure Broker, Jerry explains how experience, mentorship, and real-world problem solving form the “special sauce” behind OnePrime’s institutional offering.
🏆 Award Highlight: Best Trading Infrastructure Broker
👉 Subscribe to Finance Magnates for more executive interviews, market insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #OnePrime #InstitutionalTrading #Liquidity #TradingInfrastructure #ExecutiveInterview
How does the Finance Magnates newsroom decide which updates are worth covering? #financenews
How does the Finance Magnates newsroom decide which updates are worth covering? #financenews
What makes an update worth covering in financial media?
According to Yam Yehoshua, Editor-in-Chief at Finance Magnates, editorial focus starts with relevance: stories that serve the industry, support brokers and technology providers, and help decision-makers navigate their businesses.
A reminder that strong financial journalism is built on value, not volume.
What makes an update worth covering in financial media?
According to Yam Yehoshua, Editor-in-Chief at Finance Magnates, editorial focus starts with relevance: stories that serve the industry, support brokers and technology providers, and help decision-makers navigate their businesses.
A reminder that strong financial journalism is built on value, not volume.
