Malta-based OKX, which operates a global crypto exchange
Exchange
A stock exchange is known as a market that supports the trading of derivatives, commodities, securities, and other financial instruments. Typically, a stock exchange is accessible through a digital platform or sometimes at a tangible address where investors arrange to transact. One of the primary responsibilities of an exchange would be to maintain honest and fair trading practices. These are essential to ensure that the distribution of supported security rates on this exchange is effective.
A stock exchange is known as a market that supports the trading of derivatives, commodities, securities, and other financial instruments. Typically, a stock exchange is accessible through a digital platform or sometimes at a tangible address where investors arrange to transact. One of the primary responsibilities of an exchange would be to maintain honest and fair trading practices. These are essential to ensure that the distribution of supported security rates on this exchange is effective.
Read this termannounced on Thursday the extension of its partnership with British Formula 1 (F1) team McLaren Racing.
The first multi-year agreement between OKX and McLaren Racing was agreed last May, and neither party has disclosed its financial terms. Now, news has emerged that the team has extended sponsorship terms with the cryptocurrency exchange, which has ensured increased pressure on the MCL60 team car.
According to the latest agreement, the OKX logo will appear on the car’s sidepods for seven races, including the upcoming Australian Grand Prix this weekend. In addition, the OKX logo will be on the suits of drivers Norris and Oscar Piastri until the end of the current season.
“We are excited to expand our primary partnership with OKX, a long-established leader in the cryptocurrency industry. When partnering with brands in dynamic and rapidly changing industries like crypto, it is important to ‘to be aligned with companies that work to the highest standards and take responsibility for educating people about new technologies – and our partnership with OKX has set an example,’ commented Zak Brown, CEO of McLaren Racing.
We are delighted to announce the expansion of our partnership with @OKX, the second-largest crypto exchange by trading volume and a leading Web3 technology company, increasing its support as the team’s official lead partner. 🤝
Let’s go racing #AusGP! 🇦🇺
—McLaren (@McLarenF1) March 30, 2023
“OKX strives to improve our fan experience offering, finding ways to bring Papaya fans closer to our team, while opening up the world of Formula 1 to a whole new audience.”
In 2022, OKX executed a complete revamp of the MCL36 livery, launching the #FutureMode campaign during the Singapore and Japanese Grands Prix. This campaign commemorated McLaren’s return to racing in Asia-Pacific, which is a crucial region for OKX’s growth and presence.
McLaren Racing’s deep connection to the world of finance
For McLaren’s F1 racing team, the partnership with OKX is not the first in the wider world of finance. Last June, the team signed a multi-year sponsorship deal with Goldman Sachs, which elevates the team to meet its sustainability goals. At the end of 2021, the cooperation with the team was extended by the brokerage FxPro.
More interestingly, McLaren Racing is acquiring talent in the financial market. In October, Dylan Holman left eToro to take on the role of Lead Partner Manager for the UK Racing Team. Holman left the position of Head of Global Sponsorships with Israeli Social Commerce and multi-asset
Multi-assets
Comprised of different asset classes, multi-asset is an umbrella designation combining different classes such as bonds, stocks, cash equivalents, fixed income securities and alternative investments. Compared to traditional balanced funds, multi-asset solutions differ because they target specific investment outcomes. This includes outcomes such as outperforming inflation as opposed to evaluating performance against standardized benchmarks. Given the composition of multi-asset classes, they must be dynamically
Comprised of different asset classes, multi-asset is an umbrella designation combining different classes such as bonds, stocks, cash equivalents, fixed income securities and alternative investments. Compared to traditional balanced funds, multi-asset solutions differ because they target specific investment outcomes. This includes outcomes such as outperforming inflation as opposed to evaluating performance against standardized benchmarks. Given the composition of multi-asset classes, they must be dynamically
Read this term broker after more than six years of service.
Just yesterday, another F1 team, Williams Racing, announced that cryptocurrency exchange Kraken had become one of its sponsors. Its logo will appear on the halo and rear wing of the FW45 car until the end of this season.
Formula 1 and the financial industry have been linked for years, including FX/CFD. X-Trade Brokers (now XTB) was the first FX company to bet on F1 sponsorship, signing a deal with Vodafone Mercedes Racing Team in 2010.
Malta-based OKX, which operates a global crypto exchange
Exchange
A stock exchange is known as a market that supports the trading of derivatives, commodities, securities, and other financial instruments. Typically, a stock exchange is accessible through a digital platform or sometimes at a tangible address where investors arrange to transact. One of the primary responsibilities of an exchange would be to maintain honest and fair trading practices. These are essential to ensure that the distribution of supported security rates on this exchange is effective.
A stock exchange is known as a market that supports the trading of derivatives, commodities, securities, and other financial instruments. Typically, a stock exchange is accessible through a digital platform or sometimes at a tangible address where investors arrange to transact. One of the primary responsibilities of an exchange would be to maintain honest and fair trading practices. These are essential to ensure that the distribution of supported security rates on this exchange is effective.
Read this termannounced on Thursday the extension of its partnership with British Formula 1 (F1) team McLaren Racing.
The first multi-year agreement between OKX and McLaren Racing was agreed last May, and neither party has disclosed its financial terms. Now, news has emerged that the team has extended sponsorship terms with the cryptocurrency exchange, which has ensured increased pressure on the MCL60 team car.
According to the latest agreement, the OKX logo will appear on the car’s sidepods for seven races, including the upcoming Australian Grand Prix this weekend. In addition, the OKX logo will be on the suits of drivers Norris and Oscar Piastri until the end of the current season.
“We are excited to expand our primary partnership with OKX, a long-established leader in the cryptocurrency industry. When partnering with brands in dynamic and rapidly changing industries like crypto, it is important to ‘to be aligned with companies that work to the highest standards and take responsibility for educating people about new technologies – and our partnership with OKX has set an example,’ commented Zak Brown, CEO of McLaren Racing.
We are delighted to announce the expansion of our partnership with @OKX, the second-largest crypto exchange by trading volume and a leading Web3 technology company, increasing its support as the team’s official lead partner. 🤝
Let’s go racing #AusGP! 🇦🇺
—McLaren (@McLarenF1) March 30, 2023
“OKX strives to improve our fan experience offering, finding ways to bring Papaya fans closer to our team, while opening up the world of Formula 1 to a whole new audience.”
In 2022, OKX executed a complete revamp of the MCL36 livery, launching the #FutureMode campaign during the Singapore and Japanese Grands Prix. This campaign commemorated McLaren’s return to racing in Asia-Pacific, which is a crucial region for OKX’s growth and presence.
McLaren Racing’s deep connection to the world of finance
For McLaren’s F1 racing team, the partnership with OKX is not the first in the wider world of finance. Last June, the team signed a multi-year sponsorship deal with Goldman Sachs, which elevates the team to meet its sustainability goals. At the end of 2021, the cooperation with the team was extended by the brokerage FxPro.
More interestingly, McLaren Racing is acquiring talent in the financial market. In October, Dylan Holman left eToro to take on the role of Lead Partner Manager for the UK Racing Team. Holman left the position of Head of Global Sponsorships with Israeli Social Commerce and multi-asset
Multi-assets
Comprised of different asset classes, multi-asset is an umbrella designation combining different classes such as bonds, stocks, cash equivalents, fixed income securities and alternative investments. Compared to traditional balanced funds, multi-asset solutions differ because they target specific investment outcomes. This includes outcomes such as outperforming inflation as opposed to evaluating performance against standardized benchmarks. Given the composition of multi-asset classes, they must be dynamically
Comprised of different asset classes, multi-asset is an umbrella designation combining different classes such as bonds, stocks, cash equivalents, fixed income securities and alternative investments. Compared to traditional balanced funds, multi-asset solutions differ because they target specific investment outcomes. This includes outcomes such as outperforming inflation as opposed to evaluating performance against standardized benchmarks. Given the composition of multi-asset classes, they must be dynamically
Read this term broker after more than six years of service.
Just yesterday, another F1 team, Williams Racing, announced that cryptocurrency exchange Kraken had become one of its sponsors. Its logo will appear on the halo and rear wing of the FW45 car until the end of this season.
Formula 1 and the financial industry have been linked for years, including FX/CFD. X-Trade Brokers (now XTB) was the first FX company to bet on F1 sponsorship, signing a deal with Vodafone Mercedes Racing Team in 2010.
