BingX Joins Chelsea FC As Official Sleeve Partner Despite Regulatory Woes

Rupam Roy
January 5, 2024 Updated August 11, 2025
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BingX, a prominent crypto exchange, has secured the coveted title of the Official Sleeve Partner for Chelsea’s Men’s Playing Kits. This partnership will extend for the remainder of the 2023-24 season. Additionally, BingX will feature on the Men’s Training Kits for the subsequent two seasons.

Meanwhile, this partnership signifies BingX’s first foray into the realm of sports and entertainment. In addition, it reflects a strategic move aligning with Chelsea FC’s rich history of setting benchmarks and BingX’s trailblazing journey in revolutionizing the cryptocurrency landscape since its inception in 2018.

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BingX Takes Ambitious Leap With Chelsea Partnership

In an ambitious stride into uncharted territory, Chelsea FC has announced a groundbreaking partnership with BingX, a cryptocurrency exchange boasting over 10 million global users. The deal solidifies BingX’s role as the Official Sleeve Partner for Chelsea’s Men’s Playing Kits for the remainder of the 2023-24 season and extends to the Men’s Training Kits for the subsequent two seasons.

Chelsea FC’s Chief Revenue Officer, Casper Stylsvig, enthusiastically welcomes the collaboration with BingX, which he believes is a rapidly growing crypto exchange. In addition, Stylsvig sees the partnership as a testament to the club’s commitment to innovation and expanding its network of strategic alliances in the dynamic world of cryptocurrency.

Meanwhile, the strategic alliance underscores a mutual passion and commitment toward investing in the future, setting the stage for collaborative endeavors in the coming seasons.

Also Read: Analyst Predicts 10% BTC Price Jump Post Spot Bitcoin ETF Approval

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Regulatory Concern Looms

Amid the buzz surrounding this milestone partnership, questions have arisen regarding BingX’s ties to the Russian crypto community. The firm, openly declaring its support for Russia’s crypto community, hosted a notable event during Moscow Tech Week, emphasizing its dedication to innovation and engagement within this sphere. However, concerns about potential sanctions loomed large.

Meanwhile, addressing these concerns, the UK Government confirmed no evidence of BingX’s links to sanctioned individuals or companies following Russia’s invasion of Ukraine. In addition, the Premier League, guided by the government’s sanction regime, has no specific rules regarding Russia, signaling no intervention in Chelsea’s sponsorship deal.

Notably, the current co-owners, Clearlake Capital and Todd Boehly, navigated the deal, having acquired Chelsea from Russian billionaire Roman Abramovich, who faced sanctions. In a period where geopolitical tensions reverberate, Chelsea’s decision to partner with BingX draws attention.

Meanwhile, the club, amid showing solidarity with Ukraine, engages in strategic partnerships, marking a delicate balance between sports, business, and global dynamics. The collaboration with BingX not only symbolizes Chelsea’s commitment to innovation but also sparks conversations about the intersection of sports, cryptocurrency, and geopolitical landscapes.

Also Read: Crypto Market Recovery, Here’s Why BTC, ETH, SOL, & DOGE Prices Are Rising

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Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
Rupam is a seasoned professional with three years of experience in the financial market, where he has developed a reputation as a meticulous research analyst and insightful journalist. He thrives on exploring the dynamic nuances of the financial landscape. Currently serving as a sub-editor at Coingape, Rupam's expertise extends beyond conventional boundaries. His role involves breaking stories, analyzing AI-related developments, providing real-time updates on the crypto market, and presenting insightful economic news. Rupam's career is characterized by a deep passion for unraveling the complexities of finance and delivering impactful stories that resonate with a diverse audience.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.