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Crypto companies are making jump shots with sports deals, here’s why

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On 18 December 2022, when we witnessed the showdown between Argentina and France, during the greatest World Cup of all time, emotions ran high and spectators deemed it the single most thrilling experience of their life.

The Argentinians were enamored with Lionel Messi, while the French were love-struck with Kylian Mbappe, and the day marked a fairy tale ending for the “messiah” of the football world. Ending my uncalled tribute here, I would like to draw your attention to the sidelines, the literal sidelines, of the world cup.

It was impossible to miss, Crypto.com’s name plastered in blue and white on the sides for the world to see. This brings me to the topic of discussion, why are crypto companies so invested in sports?

The answer is pretty simple, just two words, in fact – mainstream appeal. Sports teams want the money and crypto companies need more users for their platforms. And crypto firms are entering these tie-ups in the hope that their name on the teams’ jerseys or on the sidelines will bring in more brand awareness and ultimately, new users.

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This is in no way different from the marketing strategies used by companies like Adidas or Coca-Cola.

The World Cup was not the first such deal for Crypto.com, nor was it the first crypto company to venture into sports sponsorships.

According to data from Nielsen Sports, 84 new crypto-related deals were signed globally through the first three quarters of 2021. That’s up 664% from the 11 signed back in 2019 in the same time period.

The number of inked deals dramatically rose between 2019 and 2021. The sponsorship of sports facilities, teams, and leagues grew rapidly as crypto prices soared over 2020 and 2021.

The biggest crypto-sports deal in 2021 was the purchase of the Los-Angeles’ Staples Centre by Crypto.com. The stadium, which has witnessed the games of legendary players like Michael Jordan and Kobe Bryant, was bought by the crypto exchange for nearly $700 million. The stadium was renamed the Crypto.com Arena and many called it the end of an era.

Let’s not forget Coinbase, which is the official crypto partner of the NBA. In fact, this U.S. exchange in 2021 became the exclusive cryptocurrency partner of the NBA, WNBA, and USA Basketball.

FTX, before its downfall, was super involved in sports sponsorships as well. FTX purchased the naming rights to the Miami Heat’s arena. The company also made Golden State Warriors star Steph Curry its brand ambassador.

Crypto exchange OKX became a primary partner for McLaren Formula 1 team in 2022. And the list of companies that got into sports sponsorships goes on. But the question remains, why are crypto companies so focused on big sports sponsorships?

Let me take you into some well-researched facts for this. According to Nielsen,

“Crypto advertising and sponsorships in sports makes sense for an array of reasons, with visibility typically being the top driver, especially among new brands and categories.”

In the U.S. alone, sports programming accounted for 98% of the most-viewed programs across broadcast and 72% of the most-viewed programs on cable television between January and September, with Super Bowl LV accounting for 20.3 billion minutes viewed.

If this isn’t enough, let me give you another reason why companies are specifically choosing sports. An interesting fact from a Nielsen survey says 81% of global consumers either completely trust or somewhat trust brand sponsorships at sports events.

This is just behind recommendations from friends and family and branded websites.

By delving into the sports world, crypto companies are getting access to billions of people and the love they show toward their favorite clubs or team.

Factoring in these reasons, it shouldn’t be a surprise that by 2026 sports sponsorship from crypto firms is estimated to reach $5 billion.

Though all seemed good in 2021, the crypto sector was not ready for the whirlwinds that 2022 brought. This led to a decline in sports sponsorships as well.

According to a Fitch report, cryptocurrency market volatility in 2022, including the bankruptcy filings of FTX and BlockFi, highlighted the viability risks of these firms as sponsorship partners for U.S. sports teams, leagues, and facilities.

Fitch further added,

“Heading into 2023, the worsening macroeconomic environment could lead to a slower timeline for replacing or renewing sports sponsorships, as companies look to reduce expenses by trimming advertising and marketing budgets.”

Companies started to separate themselves from unnecessary expenditures. The best example is this tweet from Binance CEO. He said the company is prioritizing hiring over lucrative advertisements.

It was not easy saying no to Super bowl ads, stadium naming rights, large sponsor deals a few months ago, but we did.

Today, we are hiring for 2000 open positions for #Binance. pic.twitter.com/n24nrUik8O

— CZ 🔶 Binance (@cz_binance) June 15, 2022

Some might argue that given the volatility of the space, crypto companies should not be spending extravagantly. But a fact to keep in mind is, this sector is just in its infancy. And it needs all the attention it can get.

Lastly, the crypto sector stands to gain more from these sports partnerships than traditional sectors like auto or retail. With the right strategy and right sponsorships, crypto companies can navigate these rough waters and come out on top.

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  • 14.10.25 08:46 robertalfred175

    CRYPTO SCAM RECOVERY SUCCESSFUL – A TESTIMONIAL OF LOST PASSWORD TO YOUR DIGITAL WALLET BACK. My name is Robert Alfred, Am from Australia. I’m sharing my experience in the hope that it helps others who have been victims of crypto scams. A few months ago, I fell victim to a fraudulent crypto investment scheme linked to a broker company. I had invested heavily during a time when Bitcoin prices were rising, thinking it was a good opportunity. Unfortunately, I was scammed out of $120,000 AUD and the broker denied me access to my digital wallet and assets. It was a devastating experience that caused many sleepless nights. Crypto scams are increasingly common and often involve fake trading platforms, phishing attacks, and misleading investment opportunities. In my desperation, a friend from the crypto community recommended Capital Crypto Recovery Service, known for helping victims recover lost or stolen funds. After doing some research and reading multiple positive reviews, I reached out to Capital Crypto Recovery. I provided all the necessary information—wallet addresses, transaction history, and communication logs. Their expert team responded immediately and began investigating. Using advanced blockchain tracking techniques, they were able to trace the stolen Dogecoin, identify the scammer’s wallet, and coordinate with relevant authorities to freeze the funds before they could be moved. Incredibly, within 24 hours, Capital Crypto Recovery successfully recovered the majority of my stolen crypto assets. I was beyond relieved and truly grateful. Their professionalism, transparency, and constant communication throughout the process gave me hope during a very difficult time. If you’ve been a victim of a crypto scam, I highly recommend them with full confidence contacting: 📧 Email: [email protected] 📱 Telegram: @Capitalcryptorecover Contact: [email protected] 📞 Call/Text: +1 (336) 390-6684 🌐 Website: https://recovercapital.wixsite.com/capital-crypto-rec-1

  • 14.10.25 08:46 robertalfred175

    CRYPTO SCAM RECOVERY SUCCESSFUL – A TESTIMONIAL OF LOST PASSWORD TO YOUR DIGITAL WALLET BACK. My name is Robert Alfred, Am from Australia. I’m sharing my experience in the hope that it helps others who have been victims of crypto scams. A few months ago, I fell victim to a fraudulent crypto investment scheme linked to a broker company. I had invested heavily during a time when Bitcoin prices were rising, thinking it was a good opportunity. Unfortunately, I was scammed out of $120,000 AUD and the broker denied me access to my digital wallet and assets. It was a devastating experience that caused many sleepless nights. Crypto scams are increasingly common and often involve fake trading platforms, phishing attacks, and misleading investment opportunities. In my desperation, a friend from the crypto community recommended Capital Crypto Recovery Service, known for helping victims recover lost or stolen funds. After doing some research and reading multiple positive reviews, I reached out to Capital Crypto Recovery. I provided all the necessary information—wallet addresses, transaction history, and communication logs. Their expert team responded immediately and began investigating. Using advanced blockchain tracking techniques, they were able to trace the stolen Dogecoin, identify the scammer’s wallet, and coordinate with relevant authorities to freeze the funds before they could be moved. Incredibly, within 24 hours, Capital Crypto Recovery successfully recovered the majority of my stolen crypto assets. I was beyond relieved and truly grateful. Their professionalism, transparency, and constant communication throughout the process gave me hope during a very difficult time. If you’ve been a victim of a crypto scam, I highly recommend them with full confidence contacting: 📧 Email: [email protected] 📱 Telegram: @Capitalcryptorecover Contact: [email protected] 📞 Call/Text: +1 (336) 390-6684 🌐 Website: https://recovercapital.wixsite.com/capital-crypto-rec-1

  • 15.10.25 18:07 crypto

    Cryptocurrency's digital realm presents many opportunities, but it also conceals complex frauds. It is quite painful to lose your cryptocurrency to scam. You can feel harassed and lost as a result. If you have been the victim of a cryptocurrency scam, this guide explains what to do ASAP. Following these procedures will help you avoid further issues or get your money back. Communication with Marie ([email protected] and WhatsApp: +1 7127594675) can make all the difference.

  • 15.10.25 21:52 harristhomas7376

    "In the crypto world, this is great news I want to share. Last year, I fell victim to a scam disguised as a safe investment option. I have invested in crypto trading platforms for about 10yrs thinking I was ensuring myself a retirement income, only to find that all my assets were either frozen, I believed my assets were secure — until I discovered that my BTC funds had been frozen and withdrawals were impossible. It was a devastating moment when I realized I had been scammed, and I thought my Bitcoin was gone forever, Everything changed when a close friend recommended the Capital Crypto Recover Service. Their professionalism, expertise, and dedication enabled me to recover my lost Bitcoin funds back — more than €560.000 DEM to my BTC wallet. What once felt impossible became a reality thanks to their support. If you have lost Bitcoin through scams, hacking, failed withdrawals, or similar challenges, don’t lose hope. I strongly recommend Capital Crypto Recover Service to anyone seeking a reliable and effective solution for recovering any wallet assets. They have a proven track record of successful reputation in recovering lost password assets for their clients and can help you navigate the process of recovering your funds. Don’t let scammers get away with your hard-earned money – contact Email: [email protected] Phone CALL/Text Number: +1 (336) 390-6684 Contact: [email protected] Website: https://recovercapital.wixsite.com/capital-crypto-rec-1

  • 15.10.25 21:52 harristhomas7376

    "In the crypto world, this is great news I want to share. Last year, I fell victim to a scam disguised as a safe investment option. I have invested in crypto trading platforms for about 10yrs thinking I was ensuring myself a retirement income, only to find that all my assets were either frozen, I believed my assets were secure — until I discovered that my BTC funds had been frozen and withdrawals were impossible. It was a devastating moment when I realized I had been scammed, and I thought my Bitcoin was gone forever, Everything changed when a close friend recommended the Capital Crypto Recover Service. Their professionalism, expertise, and dedication enabled me to recover my lost Bitcoin funds back — more than €560.000 DEM to my BTC wallet. What once felt impossible became a reality thanks to their support. If you have lost Bitcoin through scams, hacking, failed withdrawals, or similar challenges, don’t lose hope. I strongly recommend Capital Crypto Recover Service to anyone seeking a reliable and effective solution for recovering any wallet assets. They have a proven track record of successful reputation in recovering lost password assets for their clients and can help you navigate the process of recovering your funds. Don’t let scammers get away with your hard-earned money – contact Email: [email protected] Phone CALL/Text Number: +1 (336) 390-6684 Contact: [email protected] Website: https://recovercapital.wixsite.com/capital-crypto-rec-1

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