Claim BonusFTX Crypto Exchange Signs Biggest e-sports Naming Rights Deal
FTX, a popular crypto derivative platform has inked a $210 million deal to bag the naming rights of the world’s biggest pro-e-sports team TSM. The partnership would see TSM be renamed to TSM FTX. The crypto platform has established itself as one of the key crypto derivative and spot trading platforms over the years and is also popular for adding popular pre-IPO shares such as Airbnb and most recently Coinbase Inc.
It's time for a new era of TSM.
Welcome to the family @FTX_Official pic.twitter.com/VLofrUlmSU
— TSM FTX (@TSM) June 4, 2021
TSM is the most valuable e-sports company and with this new partnership with crypto exchange FTX, it will focus on heavy expansion towards new mobile platforms and also utilize the funds towards opening up new offices in Asia, Europe, South America, and more.
The $210M multi-year partnership has been split between FTX Trading Limited and its parent company West Realm Shires Services Inc. Sam Bankman-Fried, Founder and CEO of both FTX.com and FTX.US, said,
“We’re excited to work with TSM. Their team has gone above and beyond both in-game and out, and rightfully established itself as the premier team in esports. We’ve also been impressed working with them: they have the drive, creativity, communication, and generosity that we find combined in very few places. In the end, our partnerships will only be as strong as we make them, and we think that TSM will be able to help massively expand the presence of digital assets outside the traditional landscape. We’re also proud to work with them to give back to the world.”
FTX is Expanding its Service Domain
Only yesterday the popular crypto derivative platform FTX has launched a new NFT marketplace called FTX NFTs built for the trading of digital collectibles. The new craze around the NFT market has led to many mainstream crypto exchanges including Huobi and Binance to announce an exclusive marketplace.
https://t.co/hgEwdb9Exf pic.twitter.com/DadsMNScNL
— FTX – Built By Traders, For Traders (@FTX_Official) June 3, 2021
The crypto derivative platform this bull season has focused on expansion in different domains both inside and outside the crypto market.
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.
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- Fed Independence at Risk? Lummis and Hassett Discuss Powell Probe Amid Extravagant Spending Claims
- Gold Surges to All-Time High of $4,600 As Chaos Erupts in Iran- Will BTC Follow Soon?
- Breaking: Tom Lee’s BitMine Adds 24,266 Ethereum Ahead of BMNR Vote Deadline
- Trump vs. Powell: Crypto Traders Bet Against Fed Chair’s Indictment Despite DOJ Probe
- Breaking: Michael Saylor’s Strategy Acquires 13,627 Bitcoin Ahead Of CLARITY Act Markup
- Solana Price Targets $200 as WisdomTree Declares Its Dominance Structural
- Bitcoin Price Prediction Amid DOJ Probe as Powell Indictment Fears Cool
- Why is Monero (XMR) Price Up Today?
- Binance Coin Price Target $1,000 as CZ Signals Incoming Crypto Super Cycle
- Bitcoin and XRP Price Prediction Ahead of Supreme Court Tariffs Ruling on Jan 14, 2026
- Crypto Price Prediction Ahead of US CPI Inflation Data- ETH, ADA, Pi Coin
