Why is it called crypto com arena?

Why is it called crypto com arena?

The cryptocurrency platform and exchange is paying more than $700 million over 20 years to put its name on an arena that has hosted countless major sports and entertainment events since it opened in 1999.

How much did crypto pay for Staples Center?

Crypto.com is paying $700 million for the naming rights to the arena, according to multiple reports. CNBC’s Jabari Young reported in November that the new name will be attached to the venue for the next 20 years. ‘This partnership is about the future,’ president and CEO of AEG Dan Beckerman said.

Is crypto com buying Staples Center?

Crypto.com buys naming rights to Lakers’ Staples Center in a $700 million deal. The Staples Center will be renamed for Crypto.com next month in a $700 million deal for the naming rights to the home arena of the Los Angeles Lakers.

Who is Kris Marszalek?

Kris Marszalek is a Polish entrepreneur and the CEO of Singapore-based crypto and payments platform Crypto.com. Cryptocurrency enthusiasts might remember the crypto payment company Monaco. Founded in 2016, it was one of the first blockchain-based debit cards offering users control over their finances and data.

Is Cro a good investment?

If you are already using the Crypto.com exchange, CRO could be worth buying and holding since it would give your account extra benefits, like the reduced trading fees and the chance to earn CRO through the company’s debit card.

How much is crypto com company worth?

It now boasts a $19 billion valuation, up $10 billion from last Tuesday. The company made headlines last week when it scored the marketing slam-dunk by signing a deal with the owner of the Staples Center, AEG, for 20-year naming rights beginning on Christmas day.

How much did Crypto COM pay Lakers?

Crypto.com has also signed with the Lakers and Kings as their official crypto partner. The storied venue got its original name in December 1997, when then-booming Staples Inc. paid $100 million for the rights for 10 years.

Is crypto com legit?

Yes, Crypto.com and Coinbase are safe and use security measures that are industry-standard or above for U.S.-based residents. Although Crypto.com is based in Hong Kong, where some rules may be different, it prioritizes security equally to Coinbase.

Where is the Crypto arena located?

Crypto.com Arena is located at 1111 S. Figueroa Street in downtown Los Angeles. The arena location is accessible from many freeways.

Is Crypto COM based in China?

That company, which was founded as a start-up named Monaco in 2016, is a cryptocurrency exchange that also offers digital wallets and crypto-backed debit cards. It has its headquarters in Singapore but maintains addresses in Malta, the United Kingdom and Ireland.