A long-term agreement was signed between Bybit, one of the leading cryptocurrency exchanges, and Oracle Red Bull Racing. With this agreement, Bybit becomes the most progressive cooperation partner after the Title Partner of the Team, Oracle. With this new agreement, Bybit will also act as Red Bull Racing’s exclusive Cryptocurrency Exchange Partner.
Oracle Red Bull Racing announced their partnership with a multi-year contract with Bybit, a leading crypto exchange that will bring the power of the digital economy to the Team. Bybit will take on the role of Main Team Partner with this partnership. Founded in March 2018, the cryptocurrency exchange Bybit has grown exponentially over the years and now has more than six million registered users worldwide. With this new agreement, Bybit will also act as Red Bull Racing’s exclusive Cryptocurrency Exchange Partner.
With this cooperation, the fan/fan participation, which is the mission of Oracle Red Bull Racing, will also increase because Bybit steps in here and takes on the role of Fan Token Issue Partner and Technology Development Partner. Cryptocurrency exchange Bybit will support the Team not only by distributing their growing collection of digital assets, but also by Bybit and Oracle Red Bull Racing to support STEM-related professions and bring new individuals together with coding training. Bybit’s core worldview is to support High Level innovations, talents and technology developments. This view aligns with Oracle Red Bull Racing’s original goal as the team develops and expands the Red Bull Technology Campus in Milton Keynes.
Affiliate fee will be paid in both cash and BitDAO’s governance token BIT. BitDAO is one of the largest decentralized autonomous organizations in the world. It supports the founders of the decentralized economy, giving BIT token holders the right to vote on proposals to promote technologies that offer completely new ways for people to work, interact and transact together.
Christian Horner, Boss and CEO of Oracle Red Bull Racing Team, said: “We are delighted to have Bybit among us. With an advanced and possibly game-changing new car philosophy on the track, our Main Team Partner is at the forefront of technology as we enter a new generation of F1 competition in 2022. Bybit shares our passion for being at the forefront of innovation in technology, creating a competitive pace and disrupting the status quo with our Team. We joined forces with Bybit’s commitment to revitalize the fan/fan experience in F1 through digital innovations. This is an important mission for the Team as well, and with Bybit’s help we will establish a more comprehensive, valuable and deep connection with fans/fans all over the world.”
Ben Zhou, Bybit’s co-founder and CEO, said: “We are inspired by Oracle Red Bull Racing’s relentless passion, courage and resilience. The team is changing the game landscape in the same way digital assets have changed the global financial system. As a young stock market, we connect with Red Bull Oracle Racing at the heart of our values. The service in crypto never stops and continues non-stop. The perfect match between speed, robustness and reliability is everything our users are looking for on our platform. It will be possible to witness historical moments on the track, with a relentless effort to perfect the chassis, engine and craftsmanship, the relentless effort of the racing drivers to keep their attention, and their strong focus on a game that fuels adrenaline.
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About Bybit
As a global cryptocurrency trading platform, Bybit was launched in March 2018 to support crypto traders with an ultra-fast matching engine, excellent customer service and a very was established as a professional platform where multilingual community support can be found. The company provides innovative online trading services and cloud mining products, as well as API support to retail and corporate customers around the world, and continues its commitment to be the most trusted platform for the emerging digital asset class.
For more information:
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