Red Big plug $ 150m sponsorship hole with rival cropto firm

February 10, 2025

0 41 1 minute read

Red Big plug $ 150m sponsorship hole with rival cropto firm

Red Bull F1 The team confirmed a multi-year sponsorship agreement with the CRIPTOCURRENCE Firm Gate.IO.

Red Bull searched for a replacement to meet the disability of sponsorships he left by Bibit, the contract ended at the end of last year.

Which has now filled the rival cryptocurthity firm Gate.io In front of the upcoming campaign 2025. years.

It is reported that three-year-old dealing with a Red Bull with Bibit worth $ 150 million.

Gate.ioBranding will be performed on the Challenger Red Bull 2025. years – RB21 – as well as a team kit and driving and driving suit for race. Will also decorate Max VerstappeN’s helmet.

Red Bull says cooperation signifies “the main milestone in combining two leaders in industry, as it is recognized for their relentless search for performance, innovation and superior technology”.

Gate.io It was founded in 2013. years, which makes it one of the earliest and most basic combatual agencies in the world.

The company continues to “push the boundaries of the Blockchain infrastructure, speed optimization, security and scalability to support the next generation of crypto-exchange technology,” says Red Bull.

The CEO of Christian Horner Red Christian Horner said, “We are very excited to welcome Gate.Io in the team. Gate. He was a brand that was very part of the passion Oracle Red Bull Racing to exist at the head of technological innovation.

“Together, we look forward to building a built-in and unique connection with a team for fans worldwide and to work with a ment not afraid to disrupt the status quo.”

Dr Lin Han, founder and executive director Gate.io, added: “On Gate.Io, we believe that innovation and performance go in hand – whether it is in Blockcain or racetrack. Just like Oracle Red Bull Racing Gura Engineering boundaries, we are constantly progressing blockology technology to make greater transparency, speed and efficiency with digital finances.

“This partnership occurs at a time when Blockcack crosses out of funding, and we are excited to explore new ways in which it can be cut with global industries like the motor.”