The Mercedes F1 team will continue to carry the sponsorship of the crypto money exchange FTX, which came to the fore with the liquidity crisis, in its vehicles.
Thanks to its success in recent years, FTX has signed many top sponsorship deals. These include being the official cryptocurrency brand of the Miami Heats and Major League Baseball. Formula 1 team Mercedes-AMG Petronas is also among those joining forces with cryptocurrency exchange FTX in September 2021.
Mercedes F1 Team Continues to Carry FTX Logo
The Mercedes Formula 1 team announced that they will feature the sponsorship of the cryptocurrency exchange FTX in their vehicles at the Sao Paulo Grand Prix in Brazil this weekend.
This week, the struggle between Binance and FTX exchanges came to the fore. There was no absolute winner in the debate between the two largest exchanges in the cryptocurrency market. FTX, on the other hand, sought to chart a new path for itself in the liquidity crisis. For this reason, many issues related to FTX’s investors, their investments and sponsorships have become curious. One of the first to make a statement on the subject was the Mercedes F1 team.
Despite FTX’s crisis, Mercedes has announced that FTX logos will continue to appear on the vehicle and other related assets during the race at Interlagos this weekend. In addition, the team reported that they will closely follow developments surrounding the stock market as things progress.
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