Crypto trading platform Amber Groupis ending its partnership with Chelsea FC due to turbulent market conditions.
The crypto sector has a field of activity that can range from finance to sports. In football, both in Turkey and in other countries, the crypto sector has succeeded in gaining a place for itself. One of the leagues with the most crypto deals in football stands out as the Premier League. one of the league’s greatest Chelsea FCbids farewell to its partner in the market, which has fallen in the wake of the FTX crisis.
Amber Group Ends Partnership with Chelsea
Amber cuts headcount, operations and crypto winter Chelsea FCterminates the sponsorship agreement with
The crypto bear market continues to affect companies deeply. He works hard to survive despite the harsh conditions of the market. Recently, liquidity problems and dismissals of cryptocurrency exchanges have been on the agenda a lot. Amber Group, which has lost value after investment demand in the past days, is making new moves to stay in the market.
Chelsea FC and Amber Group announced in May that Amber’s WhaleFin announced a partnership that includes displaying the trading platform’s logo on the sleeves of the team’s jersey throughout the 2022-2023 season. The sponsorship deal was worth £20m ($25m) per year. A person with knowledge of the matter said that Amber has initiated legal process to end the deal.
