Bybit sponsor Oracle Red Bull Racing team

Published by

Stephen Emerson

KUALA LUMPUR, MALAYSIA - MARCH 29: Daniel Ricciardo of Australia and Infiniti Red Bull Racing drives next to Daniil Kvyat of Russia and Infiniti Red Bull Racing during the Malaysia Formula One Grand Prix at Sepang Circuit on March 29, 2015 in Kuala Lumpur, Malaysia. (Photo by Lars Baron/Getty Images)

Cryptocurrency Exchange, Bybit, are aiming for pole position following their sponsorship deal with Forumla 1 team, Oracle Red Bull Racing.

Bybit are now Principal Team Partner of, and exclusive Cryptocurrency Exchange Partner with Oracle Red Bull Racing.

Reading-based Oracle are sponsors of the F1 team.

The cryptocurrency exchange will support the Milton Keynes based racing team with distribution of its growing digital asset collection. In addition, the partnership aims to engage and promote STEM careers and coding to new audiences.

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Bybit state their core ethos is the support of next level of innovation, talent, and technology development. This aligns with Oracle Red Bull Racing’s own ambitions as the Team develops and expands their own Milton Keynes Technology Campus.

The partnership fee will be paid in a combination of cash and BIT, BitDAO’s native governance token.

Oracle Red Bull Racing Team Principal and CEO Christian Horner said: “I’m delighted to welcome Bybit to the team. It’s fitting too that as we enter a new generation of competition of F1 in 2022, with an advanced and potentially game-changing new philosophy of cars taking to the track, that Bybit also exists at the cutting edge of technology.”

Horner added, “They share the Team’s passion to exist at the forefront of technological innovation, to set the competitive pace and to disrupt the status quo. Allied to that is Bybit’s commitment to enlivening the fan experience in F1 through digital innovation. This is also a key mission for the Team and Bybit’s assistance will help us build a deeper more immersive and unique connection with the team for fans around the world.”

Co-founder and CEO of Bybit, Ben Zhou, said: “Oracle Red Bull Racing’s relentless passion and dauntless resilience inspires us. The team has changed the game in the same way that digital assets have changed the global financial system.

“As a young exchange we connect with Oracle Red Bull Racing at the core of our values — age doesn’t matter, hierarchy is of no significance, and legacy is not what is passed to you but what you make.

“Bull or bear, everyone has the opportunity to take financial freedom in their own hands at the dawn of the digital economy. Bybit has found our kindred spirit and the perfect harmony of speed, safety and reliability is everything our users are looking for on our platform.”

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Stephen Emerson

Stephen Emerson is the Managing Editor of The Business Magazine and is responsible for the publication's print publications and online properties including the newly launched Biz News websites in Hampshire and Dorset. Stephen has been a journalist for 20 years and has worked at local, regional and national publications and led a team which made The Scotsman website one of the fastest growing news sites in the UK with over eight million monthly users. He has a keen interest in technology, property and corporate finance and telling the stories of the people behind the successful firms in these sectors.