Crypto.com Becomes a Sponsor of Aston Martin F1 Team
- The car company is also considering to launch crypto products.
Cryptocurrency Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectively relevant with real-time pricing.Depending upon where you reside, an exchange may be referred to as a bourse or a share exchange while, as a whole, exchanges are present within the majority of countries. Who is Listed on an Exchange?As trading continues to transition more to electronic exchanges, transactions become more dispersed through varying exchanges. This in turn has caused a surge in the implementation of trading algorithms and high-frequency trading applications. In order for a company to be listed on a stock exchange for example, a company must divulge information such as minimum capital requirements, audited earnings reports, and financial reports.Not all exchanges are created equally, with some outperforming other exchanges significantly. The most high-profile exchanges to date include the New York Stock Exchange (NYSE), the Tokyo Stock Exchange (TSE), the London Stock Exchange (LSE), and the Nasdaq. Outside of trading, a stock exchange may be used by companies aiming to raise capital, this is most commonly seen in the form of initial public offerings (IPOs).Exchanges can now handle other asset classes, given the rise of cryptocurrencies as a more popularized form of trading. An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectively relevant with real-time pricing.Depending upon where you reside, an exchange may be referred to as a bourse or a share exchange while, as a whole, exchanges are present within the majority of countries. Who is Listed on an Exchange?As trading continues to transition more to electronic exchanges, transactions become more dispersed through varying exchanges. This in turn has caused a surge in the implementation of trading algorithms and high-frequency trading applications. In order for a company to be listed on a stock exchange for example, a company must divulge information such as minimum capital requirements, audited earnings reports, and financial reports.Not all exchanges are created equally, with some outperforming other exchanges significantly. The most high-profile exchanges to date include the New York Stock Exchange (NYSE), the Tokyo Stock Exchange (TSE), the London Stock Exchange (LSE), and the Nasdaq. Outside of trading, a stock exchange may be used by companies aiming to raise capital, this is most commonly seen in the form of initial public offerings (IPOs).Exchanges can now handle other asset classes, given the rise of cryptocurrencies as a more popularized form of trading. Read this Term Crypto.com has inked a high-profile sponsorship deal with British luxury car manufacturer, Aston Martin's Formula One team.
First reported by Insider, both the companies signed a multi-year agreement. However, the financial particulars of the deal were not revealed. Additionally, it is not clear how Crypto.com will promote its brand with the F1 team.
“The fact that a cryptocurrency company can go out there and make a statement like this, and align with such a well-respected brand with such a huge tradition as Aston Martin, it makes a statement that the industry is maturing,” Crypto.com CEO, Kris Marszalek, told the publication.
Aston Martin is known for making luxury fast cars and was popularized by the James Bond movie series. The sponsorship deal came at a crucial year as Aston Martin returned to the F1 racing tracks with its own team after a gap of 61 years.
Sports sponsorship within the trading industry has gained massive popularity over the last few years. Many brokerage platforms have become lead sponsors of top football clubs. Now with the rise in digital currency demand, crypto companies are taking the lead in such sponsorships for brand recognition.
Crypto.com signed the major deal at a time when it is witnessing a massive influx of users. According to its data, its userbase touched 10 million last October.
More Than a Sponsorship Deal
Apart from the usual sponsorship, Aston Martin has additional plans to directly engage in crypto with its new partner.
“There's things called NFTs, which is where we want to push this, there's payment systems. We want to be with Crypto.com to understand this space,” said Jefferson Slack, Commercial Managing Director at Aston Martin F1.
Cryptocurrency Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectively relevant with real-time pricing.Depending upon where you reside, an exchange may be referred to as a bourse or a share exchange while, as a whole, exchanges are present within the majority of countries. Who is Listed on an Exchange?As trading continues to transition more to electronic exchanges, transactions become more dispersed through varying exchanges. This in turn has caused a surge in the implementation of trading algorithms and high-frequency trading applications. In order for a company to be listed on a stock exchange for example, a company must divulge information such as minimum capital requirements, audited earnings reports, and financial reports.Not all exchanges are created equally, with some outperforming other exchanges significantly. The most high-profile exchanges to date include the New York Stock Exchange (NYSE), the Tokyo Stock Exchange (TSE), the London Stock Exchange (LSE), and the Nasdaq. Outside of trading, a stock exchange may be used by companies aiming to raise capital, this is most commonly seen in the form of initial public offerings (IPOs).Exchanges can now handle other asset classes, given the rise of cryptocurrencies as a more popularized form of trading. An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectively relevant with real-time pricing.Depending upon where you reside, an exchange may be referred to as a bourse or a share exchange while, as a whole, exchanges are present within the majority of countries. Who is Listed on an Exchange?As trading continues to transition more to electronic exchanges, transactions become more dispersed through varying exchanges. This in turn has caused a surge in the implementation of trading algorithms and high-frequency trading applications. In order for a company to be listed on a stock exchange for example, a company must divulge information such as minimum capital requirements, audited earnings reports, and financial reports.Not all exchanges are created equally, with some outperforming other exchanges significantly. The most high-profile exchanges to date include the New York Stock Exchange (NYSE), the Tokyo Stock Exchange (TSE), the London Stock Exchange (LSE), and the Nasdaq. Outside of trading, a stock exchange may be used by companies aiming to raise capital, this is most commonly seen in the form of initial public offerings (IPOs).Exchanges can now handle other asset classes, given the rise of cryptocurrencies as a more popularized form of trading. Read this Term Crypto.com has inked a high-profile sponsorship deal with British luxury car manufacturer, Aston Martin's Formula One team.
First reported by Insider, both the companies signed a multi-year agreement. However, the financial particulars of the deal were not revealed. Additionally, it is not clear how Crypto.com will promote its brand with the F1 team.
“The fact that a cryptocurrency company can go out there and make a statement like this, and align with such a well-respected brand with such a huge tradition as Aston Martin, it makes a statement that the industry is maturing,” Crypto.com CEO, Kris Marszalek, told the publication.
Aston Martin is known for making luxury fast cars and was popularized by the James Bond movie series. The sponsorship deal came at a crucial year as Aston Martin returned to the F1 racing tracks with its own team after a gap of 61 years.
Sports sponsorship within the trading industry has gained massive popularity over the last few years. Many brokerage platforms have become lead sponsors of top football clubs. Now with the rise in digital currency demand, crypto companies are taking the lead in such sponsorships for brand recognition.
Crypto.com signed the major deal at a time when it is witnessing a massive influx of users. According to its data, its userbase touched 10 million last October.
More Than a Sponsorship Deal
Apart from the usual sponsorship, Aston Martin has additional plans to directly engage in crypto with its new partner.
“There's things called NFTs, which is where we want to push this, there's payment systems. We want to be with Crypto.com to understand this space,” said Jefferson Slack, Commercial Managing Director at Aston Martin F1.