Oracle Red Bull Racing Trades Up to the Next Level as Bybit Join the Charge

In a multi-year deal, Oracle Red Bull Racing today announced a partnership with Bybit, a prominent cryptocurrency exchange, which will serve as the Principal Team Partner, bringing the power of the digital economy to the Team.

Since its founding in March 2018, the cryptocurrency exchange has experienced rapid growth, now boasting over six million registered users globally. Bybit will also be joining the fight as Oracle Red Bull Racing’s sole cryptocurrency exchange partner as part of the new agreement.

Bybit, as a Tech Incubator Partner and Fan Token Issuance Partner, will further Oracle Red Bull Racing’s goal of increasing fan engagement through the partnership. Bybit and Oracle Red Bull Racing will work with the cryptocurrency exchange to promote STEM careers and introduce coding to new audiences, in addition to helping the Team distribute its expanding collections of digital assets. As the Team builds and expands their Red Bull Technology Campus in Milton Keynes, Bybit is core values of supporting the Next Level of innovation, talent, and technology development are in line with Oracle Red Bull Racing’s own goals.

Cash and BIT, BitDAO’s native governance token, will be used to cover the partnership fee. BIT token holders can vote on proposals to support technologies that offer completely new ways for people to collaborate, interact, and conduct business together. BitDAO is one of the biggest decentralized autonomous organizations (DAO) in the world, helping to build the decentralized economy.

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