qeogfwds

FTX Becomes Official Crypto Brand of MLB

Cryptocurrency exchange FTX has announced a new five-year sponsorship deal with America’s premier baseball league, the MLB. FTX is becoming the “Official Cryptocurrency Exchange brand of MLB.”

Following the naming sponsorship of NBA’s Miami Heat arena and esports brand TSM, FTX has added another sports partnership catering to the mainstream sports fan base in the United States.

According to the partnership deal, FTX.US branding will also appear on all umpire uniforms starting at the All-Star Game in Denver on July 13 and continuing into the postseason.

FTX has also formed an agreement with MLB Players, Inc., the licensing entity responsible for any products that use the MLB brand or its players.

 

Huobi Ramped Up Derivatives Restrictions

Crypto exchange giant Huobi has adopted stricter derivatives rules on Chinese traders and investors amid China’s recent crackdown on Bitcoin mining and trading.

“Due to recent dynamic changes in the market, in order to protect the interests of investors, a portion of services such as futures contracts, ETP [exchange-traded products] or other leveraged investment products are temporarily unavailable to new users from a few specified countries and regions,” Huobi wrote in a statement sent to CoinDesk.

Huobi also confirmed that certain restrictions on futures leverage levels were set “in a few specific countries and regions.”

Huobi is one of the so-called “Big Three” crypto exchanges popular among Chinese traders and investors; the other two are Binance and OKEx.

Newsletter