Cutting-edge cryptocurrency exchange Bybit joins the role as Senior Partner of the Team. The multi-year deal establishes Bybit as the premier ally of the Team behind Title Partner Oracle. This deal marks the largest annual deal of cryptocurrency's foray into esports. Collaboration includes fan engagement programs through digital assets and positive change agenda/COMUNICAE/
Cutting-edge cryptocurrency exchange Bybit joins the role as Senior Partner of the Team. The multi-year deal establishes Bybit as the premier ally of the Team behind Title Partner Oracle. This deal marks the largest annual deal of cryptocurrency's foray into esports. Collaboration includes fan engagement programs through digital assets and positive change agenda
Oracle Red Bull Racing is pleased to announce a partnership with leading cryptocurrency exchange Bybit, bringing the power of the digital economy to the Team, in a multi-year deal that will see Bybit take on the role of Senior Partner to the Team.
Established in March 2018, the cryptocurrency exchange has grown exponentially and now has over six million registered users worldwide and as part of the new deal, Bybit will also join the role as the exclusive cryptocurrency exchange partner of Oracle Red Bull Racing.
The collaboration will also further Oracle Red Bull Racing's mission of increasing fan participation and engagement, with Bybit taking on the role of Fan Token Issuance Partner and Tech Incubator Partner. This will see the cryptocurrency exchange not only support the team with the distribution of its growing collections of digital assets, but will also see Bybit and Oracle Red Bull Racing get involved in promoting STEM racing and introducing coding to new audiences. Bybit's core ethos is to support the next level of innovation, talent and technological development, which aligns with Oracle Red Bull Racing's own ambitions as the team develops and expands its Red Bull Technology Campus in Milton Keynes.
The sponsorship will be paid in a combination of cash and BIT, BitDAO's native governance token. BitDAO is one of the world's largest decentralized autonomous organizations (DAOs) supporting builders of the decentralized economy, allowing BIT token holders to vote on proposals to foster technologies that introduce entirely new ways for people to work. , participate and transact together.
Oracle Red Bull Racing Team CEO Christian Horner said: “I am delighted to welcome Bybit to our team. It is also fitting that as we enter a new generation of F1 competition in 2022, with a advanced and potentially revolutionary new philosophy of cars taking to the track, Bybit is also at the forefront of technology. They share the team's passion for being at the forefront of technological innovation, setting the competitive pace and disrupting the status quo. Coupled with this is Bybit's commitment to animating the F1 fan experience through digital innovation. This is also a key mission for the Team and Bybit's support will help us build a deeper, more immersive and unique connection with the Team for fans around the world."
Ben Zhou, Co-Founder and CEO of Bybit, said: “Oracle Red Bull Racing's relentless passion and fearless resilience inspire us. The team has changed the game in the same way that digital assets have changed the global financial system. As a young exchange, we connect with Oracle Red Bull Racing at the core of our values: age doesn't matter, hierarchy doesn't matter, and legacy isn't what you pass by, it's what you do. Bull or bear, everyone has the opportunity to take financial freedom into their own hands at the dawn of the digital economy. Bybit has found our soul mate and the perfect harmony of speed, security and reliability is all that our users are looking for in our platform. A moment on the track is possible thanks to the tireless work to perfect the chassis, the engine, the craftsmanship and the tireless search for precision and concentration of the drivers in an adrenaline-filled game.”
About BybitBybit is a cryptocurrency exchange established in March 2018 to offer a professional platform where crypto traders can find a lightning-fast matching engine, excellent customer service, and multilingual community support. The company offers innovative online derivatives trading and spot trading services, mining and staking products, as well as API support, to retail and institutional clients around the world, and strives to be the most trusted exchange for the class of emerging digital assets. In addition to Red Bull Racing, Bybit also sponsors esports teams such as NAVI, Alliance, Astralis, and Virtus.pro; The German football club Borussia Dortmund and the Japanese football club Avispa Fukuoka. For more information, visit: https://www.bybit.com/
For updates follow Bybit's social media platforms at
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