Global cryptocurrency exchange FTX and the Mercedes-AMG Petronas Formula One Team have announced a groundbreaking partnership agreement that will see the exchange become the team’s official cryptocurrency exchange and trading platform partner.

The partnership, which was announced in a joint statement by both FTX and Mercedes-AMG Petronas, will see FTX receive branding and visibility on the team’s cars, suits, and garage, as well as exclusive access to the team for marketing and promotional activities.

FTX is one of the fastest-growing cryptocurrency exchanges in the world, offering a wide range of services including spot trading, futures trading, and options trading for a variety of cryptocurrencies. The exchange has quickly established itself as a major player in the cryptocurrency space, with a strong focus on innovation and customer service.

Mercedes-AMG Petronas, on the other hand, is one of the most successful teams in Formula One history, having won multiple championships and races over the years. The team prides itself on its commitment to excellence and innovation, making it a perfect match for FTX.

The partnership between FTX and Mercedes-AMG Petronas is a significant milestone for both parties, as it represents a coming together of two leaders in their respective fields. The collaboration will provide FTX with a unique platform to reach a global audience of Formula One fans, while also giving Mercedes-AMG Petronas access to the cutting-edge technology and expertise that FTX has to offer.

Commenting on the partnership, Sam Bankman-Fried, the founder and CEO of FTX, said, “We are thrilled to be partnering with the Mercedes-AMG Petronas Formula One Team, a world-class organization that shares our commitment to excellence and innovation. This partnership is a testament to the growing influence and visibility of the cryptocurrency industry, and we are excited to work together to explore new opportunities and drive innovation in the world of Formula One.”

Similarly, Toto Wolff, the Team Principal and CEO of the Mercedes-AMG Petronas Formula One Team, expressed his enthusiasm for the partnership, saying, “We are delighted to welcome FTX to the Mercedes-AMG Petronas family. This partnership represents a meeting of two forward-thinking and ambitious organizations, and we look forward to working together to achieve great success both on and off the track.”

The partnership between FTX and Mercedes-AMG Petronas is sure to be a game-changer in the world of Formula One and cryptocurrency, with both parties poised to benefit greatly from the collaboration. As the world of finance and technology continue to evolve, partnerships like this one will become increasingly important in driving innovation and growth in the global economy.