FTX US Partners with Four Washington DC Sports Teams

FTX US in Washington, D.C., has announced it is going to be the official crypto partner exchange and NFT partner too.

Monumental Sports and Entertainment, or MSE, announced on Monday that FTX US would be the official crypto partner of the hockey team, Washington Capitals, the women’s basketball team, Washington Mystics, basketball teams, Washington Wizards, and the Capital City Go-Go in a multi-year agreement. As per MSE, FTX will have exclusive rights to future token drops from the teams. FTX US is also part of a partnership for “Big Block-Chain,” which is an in-game series.

Chief commercial officer and president of business operations, Jim Van Stone, said that The integration of blockchain technology with the sports experience has only just begun, and with this, they expect to progress to a whole new frontier, which will encourage fans beyond what they can even think today. 

FTX is one of the world’s largest cryptocurrency exchanges and has a valuation of over 25 billion USD. The business launched its NFT marketplace for consumers in the United States in September. FTX raised 420 million USD in fresh funding from 69 investors the month after. Investors include Sequoia Capital, Temasek, Tiger Global, Ribbit Capital,  Ontario Teachers’ Pension Plan Board, Lightspeed Venture Partners, BlackRock managed funds, and Sea Capital.

About FTX

FTX is the leading Cryptocurrency and crypto derivatives online platform for digital exchange. It’s made to let you trade Bitcoins along with crypto derivatives. FTX facilitates fund transfers using cash and cryptocurrencies like Bitcoin, Ethereum, and Litecoin, as well as access to the finest spot trading procedures. It works with a limited number of stablecoins and altcoins. You can click here to know more about FTX.