WhaleFin has a big sponsorship deal with Spain’s Atletico Madrid

Amber Group’s digital assets firm WhaleFin has signed a kit sponsorship deal with Spanish football club Atletico Madrid. With this, Amber Group has also become a digital wealth and digital lifestyle partner for the fans of this Spanish football club. In addition to the sponsorship, Amber Group and Atletico Madrid will collaborate for some Corporate Social Responsibility (CSR) projects.

Michael Wu, Chief Executive Officer of Amber Group, said in a blog post, “This partnership is a great opportunity for us. We are proud to be associated with Atletico Madrid, one of the leading football clubs in Spain and Europe. This partnership fosters teamwork and community. This will further our objectives of strengthening the teamwork and community that are important for both the sports and crypto segments.”

Miguel ngel Gil, CEO of Atletico Madrid, said, “This partnership is in line with our goal of moving forward digitally and giving our fans a better digital experience. We believe that Amber Group will help us achieve this goal. will help.”

Despite the slump in the crypto market over the past few months, many digital assets firms are entering into sponsorship agreements with international football clubs. Recently Manchester City, one of the biggest football clubs in Europe signed a training kit sponsor deal with OKX. Bitcoin, the largest cryptocurrency by market capitalization, has seen a significant drop in price over the past few months. Bitcoin touched a high of around $69,000 in November last year. Its price has come down to around $20,000. Apart from this, the prices of many other cryptocurrencies have also fallen. This has caused huge loss to the investors. Many firms associated with the crypto segment are also taking measures to cut costs. Apart from the slowdown, one of the main reasons for the decline in the crypto market is the increase in interest rates by the Federal Reserve of America and the Central Bank of some other countries. The rise in inflation is also having a major impact on this market. As a result, investors are exiting high-risk assets.

Cryptocurrency prices in Indian exchanges

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