Malta-based
OKX, which operates a global crypto exchange , announced on Thursday the
extension of its partnership with British Formula One (F1) team McLaren Racing.
The first
multi-year agreement between OKX and McLaren Racing was concluded last May, and
neither party disclosed its financial terms. Now news has emerged that the team
has extended sponsorship terms with the cryptocurrency exchange, which has
secured increased pressure on the MCL60 team car.
According
to the latest agreement, the OKX logo will appear on the car’s sidepods during
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 delighted to be growing our Primary Partnership with OKX, a long-established
leader in the cryptocurrency sector. When partnering with brands in dynamic,
fast-evolving industries like crypto, it’s important to be aligned with
companies who work to the highest standards and to carry a responsibility to
educate people on new technologies – and our partnership with OKX has led by
example,” Zak Brown, the CEO of McLaren Racing, commented.
We are delighted to announce an expansion to our partnership with @OKX, the second-largest crypto exchange by trading volume and a leading Web3 technology company, increasing its support as an Official Primary Partner of the team….
