Bitstamp Becomes Official Sponsor of Guild Esports Team
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Bitstamp, a London-headquartered cryptocurrency exchange, has become an official sponsor of Guild Esports PLC, a UK-based professional esports company. Guild Esports welcomed Bitstamp as the company’s exclusive official crypto
exchange
Exchange
An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectively relevant with real-time pricing.Depending upon where you reside, an exchange may be referred to as a bourse or a share exchange while, as a whole, exchanges are present within the majority of countries. Who is Listed on an Exchange?As trading continues to transition more to electronic exchanges, transactions become more dispersed through varying exchanges. This in turn has caused a surge in the implementation of trading algorithms and high-frequency trading applications. In order for a company to be listed on a stock exchange for example, a company must divulge information such as minimum capital requirements, audited earnings reports, and financial reports.Not all exchanges are created equally, with some outperforming other exchanges significantly. The most high-profile exchanges to date include the New York Stock Exchange (NYSE), the Tokyo Stock Exchange (TSE), the London Stock Exchange (LSE), and the Nasdaq. Outside of trading, a stock exchange may be used by companies aiming to raise capital, this is most commonly seen in the form of initial public offerings (IPOs).Exchanges can now handle other asset classes, given the rise of cryptocurrencies as a more popularized form of trading.
An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectively relevant with real-time pricing.Depending upon where you reside, an exchange may be referred to as a bourse or a share exchange while, as a whole, exchanges are present within the majority of countries. Who is Listed on an Exchange?As trading continues to transition more to electronic exchanges, transactions become more dispersed through varying exchanges. This in turn has caused a surge in the implementation of trading algorithms and high-frequency trading applications. In order for a company to be listed on a stock exchange for example, a company must divulge information such as minimum capital requirements, audited earnings reports, and financial reports.Not all exchanges are created equally, with some outperforming other exchanges significantly. The most high-profile exchanges to date include the New York Stock Exchange (NYSE), the Tokyo Stock Exchange (TSE), the London Stock Exchange (LSE), and the Nasdaq. Outside of trading, a stock exchange may be used by companies aiming to raise capital, this is most commonly seen in the form of initial public offerings (IPOs).Exchanges can now handle other asset classes, given the rise of cryptocurrencies as a more popularized form of trading.
Read this Term partner with the signing of a three-year global sponsorship deal for £4.5 million.
According to SMG, an organization that brokered the multi-year main partnership between Guild Esports and Bitstamp, the sponsorship will start on 29th January 2022. So far, the sponsorship is the largest deal secured by Guild Esports in its history and will help the sports company to generate annual revenues of £1.5m over the three-year period.
As part of the agreement reached, Bitstamp will be provided with marketing rights and main exposures across Guild’s team jersey. The crypto exchange will also appear across digital and social featuring Guild’s pro-players and content creators. Furthermore, Bitstamp’s brand and logo would also be integrated at Guild’s new flagship London headquarters, which are scheduled to open in early 2022. Besides that, Guild and Bitstamp stated that they will collaborate in the development of several projects and activations designed to enhance Guild’s fanbase and Bitstamp customer experience and developing high-quality content that the esports community expects from Guild.
Kal Hourd, the CEO of Guild Esports, talked about the development and said: “We are thrilled to welcome Bitstamp to Guild as our official
cryptocurrency exchange
Cryptocurrency Exchange
A cryptocurrency exchange is an online platform that supports the exchange of various currencies for a cryptocurrency or digital asset.Comparable to a generalized financial exchange, a crypto exchange’s core function is to permit and encourage the buying and selling of cryptos.This is accomplished by producing a stable trading environment suitable for traders nested through different locations around the world. Sometimes a crypto exchange may be referred to as a digital currency exchange (DCE) for short.How Does Trading Take Place on a Crypto Exchange?Cryptocurrency trading occurs over a centralized exchange, although these crypto exchanges should be used with caution given the implications that surround the custody of new assets. Similar to the banking industry, when a crypto exchange holds cryptocurrencies of users they accrue interest and are no longer classified as client money.These provide an accessible platform for not only companies, hedge funds, and retail traders for exchanging digital currencies.Additionally, crypto exchanges serve a critical role in producing stability within the cryptocurrency sector given how the sourcing and pricing of these assets are innately volatile. One could think of a crypto exchange as an intermediary who provides a service by connecting buyers and sellers from various markets under one roof. In exchange for facilitating trades and for services rendered, a digital currency exchange generally collects a fee of an outgoing transaction that averages between 0.20% to 0.25% or will request a deposit fee that has been known to be as high as 11% for credit card deposits. Crypto exchanges may also support the exchange of crypto tokens, such as the Binance Token, which is ranked as the 9th most valuable cryptocurrency in the world.
A cryptocurrency exchange is an online platform that supports the exchange of various currencies for a cryptocurrency or digital asset.Comparable to a generalized financial exchange, a crypto exchange’s core function is to permit and encourage the buying and selling of cryptos.This is accomplished by producing a stable trading environment suitable for traders nested through different locations around the world. Sometimes a crypto exchange may be referred to as a digital currency exchange (DCE) for short.How Does Trading Take Place on a Crypto Exchange?Cryptocurrency trading occurs over a centralized exchange, although these crypto exchanges should be used with caution given the implications that surround the custody of new assets. Similar to the banking industry, when a crypto exchange holds cryptocurrencies of users they accrue interest and are no longer classified as client money.These provide an accessible platform for not only companies, hedge funds, and retail traders for exchanging digital currencies.Additionally, crypto exchanges serve a critical role in producing stability within the cryptocurrency sector given how the sourcing and pricing of these assets are innately volatile. One could think of a crypto exchange as an intermediary who provides a service by connecting buyers and sellers from various markets under one roof. In exchange for facilitating trades and for services rendered, a digital currency exchange generally collects a fee of an outgoing transaction that averages between 0.20% to 0.25% or will request a deposit fee that has been known to be as high as 11% for credit card deposits. Crypto exchanges may also support the exchange of crypto tokens, such as the Binance Token, which is ranked as the 9th most valuable cryptocurrency in the world.
Read this Term partner. It will also enable us to deliver creative, high-quality content and meaningful experience to our audience in a way that is authentic to both Guild and Bitstamps’ identities.”
Meanwhile, Julian Sawyer, the CEO of Bitstamp, also commented about the development and stated: “Partnering with a creative and fast-growing organization with a digital and worldwide audience like Guild, is a natural fit for us. Working together to reach esports and gaming fans is a significant moment for us and our growth plans as we continue to bring our trusted service to more mainstream audiences that recognize the benefits of investing in crypto.”
Bitstamp Is Striving to Develop More Capabilities to Grow Bigger
The development by Bitstamp comes at a time when the company focuses on expanding its business operations in major markets. In August last year, the crypto exchange reported its 2020 financial result, which showed that the firm recorded an increase of its total revenue to €54.5 million from the prior year’s €51.1 million. That was a yearly increase of 6.6%. In July last year, Bitstamp hired Robert Zagotta, a Chief Operating Officer at rival Kraken, as its CEO for its US subsidiaries, Bitstamp USA.In April 2019, the crypto exchange was awarded a virtual currency license, ‘the BitLicense,’ by the New York Department of Financial Services. The license enabled Bitstamp to allow NYC-based investors to buy and sell Bitcoin and other digital currencies for U.S. dollars and vice versa. Meanwhile, an increasing number of crypto firms such as Binance, Cryoto.com, Coinbase, among others, are becoming major sponsors in sports to reach new audiences and push into the mainstream.
According to SMG, an organization that brokered the multi-year main partnership between Guild Esports and Bitstamp, the sponsorship will start on 29th January 2022. So far, the sponsorship is the largest deal secured by Guild Esports in its history and will help the sports company to generate annual revenues of £1.5m over the three-year period.
As part of the agreement reached, Bitstamp will be provided with marketing rights and main exposures across Guild’s team jersey. The crypto exchange will also appear across digital and social featuring Guild’s pro-players and content creators. Furthermore, Bitstamp’s brand and logo would also be integrated at Guild’s new flagship London headquarters, which are scheduled to open in early 2022. Besides that, Guild and Bitstamp stated that they will collaborate in the development of several projects and activations designed to enhance Guild’s fanbase and Bitstamp customer experience and developing high-quality content that the esports community expects from Guild.
Meanwhile, Julian Sawyer, the CEO of Bitstamp, also commented about the development and stated: “Partnering with a creative and fast-growing organization with a digital and worldwide audience like Guild, is a natural fit for us. Working together to reach esports and gaming fans is a significant moment for us and our growth plans as we continue to bring our trusted service to more mainstream audiences that recognize the benefits of investing in crypto.”
Bitstamp Is Striving to Develop More Capabilities to Grow Bigger
The development by Bitstamp comes at a time when the company focuses on expanding its business operations in major markets. In August last year, the crypto exchange reported its 2020 financial result, which showed that the firm recorded an increase of its total revenue to €54.5 million from the prior year’s €51.1 million. That was a yearly increase of 6.6%. In July last year, Bitstamp hired Robert Zagotta, a Chief Operating Officer at rival Kraken, as its CEO for its US subsidiaries, Bitstamp USA.In April 2019, the crypto exchange was awarded a virtual currency license, ‘the BitLicense,’ by the New York Department of Financial Services. The license enabled Bitstamp to allow NYC-based investors to buy and sell Bitcoin and other digital currencies for U.S. dollars and vice versa. Meanwhile, an increasing number of crypto firms such as Binance, Cryoto.com, Coinbase, among others, are becoming major sponsors in sports to reach new audiences and push into the mainstream.
Cryptocurrency
