Cryptocurrency exchange becomes official sponsor of Formula 1 and Formula 2 pilots

Active sponsorship of sporting events by cryptocurrency exchanges continues, as it has recently become known that Gate. io has become the official sponsor of the Fittipaldi brothers in Formula 1 and Formula 2 races.

The Fittipaldi brothers come from a famous motorsports family: Pietro Fittipaldi races in the Formula 1 championship and Enzo Fittipaldi races in the Formula 2 championship, both of whom have gained prominence in recent years.

Gate.io's decision comes as the company increases its activity in the Brazilian market, which has seen a significant increase in demand for cryptocurrencies in recent months. According to a recent report, Brazil ranks fifth in the world in terms of cryptocurrency users, making it an increasingly important market for cryptocurrency exchanges.

Gate.io is one of the oldest cryptocurrency exchanges. It is currently used by more than 10 million people.

Last week, the OKX cryptocurrency exchange announced a partnership with McLaren. And this weekend, Crypto.com supported the Miami races by presenting a collection of 57 commemorative NFT tokens.