Manchester City and OKX enter into a strategic partnership.
According to Forbes, the ruling Premier League champions announced a multi-year deal that would see OKX become the official cryptocurrency exchange partner.
The deal, OKX’s first step into the world of sports, will cover Manchester City’s men’s and women’s teams, as well as its esports operations.
This will include presence at both Manchester City stadiums, the 55,000-seat Etihad Stadium, the 7,000-seat Academy Stadium, and support for plans.
According to Forbes, financial details were not disclosed, but it is a multimillion-dollar deal annually.
Roel De Vries, Chief Operating Officer, City Football Group, said: “We are pleased to welcome OKX as an Official Partner of Manchester City today as they look to venture into the world of sports.” Jay Hao, CEO of OKX said “We are delighted to partner with Manchester City, We are entering the Premier League for the first time as City’s official crypto partner”
OKX is the second-largest crypto exchange by derivatives transaction volume, with more than $20 trillion changing hands in the past 24 hours, according to CoinMarketCap.