Crypto.com Becomes Sponsor of LA-Based Angel City Football Club

Crypto.com continues to strengthen its brand presence in the sports field and inked a sponsorship deal with Los Angeles-based Angel City Football Club (ACFC), which is a women’s soccer team.

This was the first direct sponsorship of a women’s sports team by a crypto exchange, Tuesday’s announcement detailed. Under the signed agreement, Crypto.com has become the club’s official cryptocurrency and NFT partner.

“We're thrilled to be joining ACFC as a founding partner, deepening our relationship with the City of Los Angeles while supporting a team that shares our values and is equally committed to helping people achieve financial independence and self-determination,” said Kris Marszalek, the Co-Founder and CEO of Crypto.com.

The sponsorship deal with the Los Angeles-based club will help the exchange to increase access and awareness of cryptocurrencies, 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 tamp 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 tamp Read this Term, and Web3 technologies among football fans as well as players. Moreover, the two partners will focus on community engagement, financial equity and social impact initiatives.

Many Sports Deals

Meanwhile, Crypto.com has become one of the major crypto companies to ink big-ticket deals in sports. It inked such sponsorship deals with a range of sports, including football, motor racing, mixed martial arts and basketball. The crypto 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 effectiv 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 effectiv Read this Term even bought the naming rights of Staples Center in Los Angeles in a reported $700 million deal.

“Given the speed with which Web3 and cryptocurrency is changing our world, we want to ensure that women are being brought along on the journey as investors and creators,” ACFC Co-Founder and President Julie Uhrman said.

“Partnering with Crypto.com was a natural fit given their leadership in the space and mission to level the playing field with crypto. We are excited to work with them to educate our community and players on crypto and allow our players to use the power of NFTs to connect with and create a deeper relationship with their fans.”

Apart from sports deals, Crypto.com is focused on expanding its products. It recently entered into an agreement with IG Group to purchase two American exchanges, Nadex and Small Exchange, for a total consideration of $216 million.