How WhiteBIT Coin Soared 35% This Week
The WhiteBIT Coin (CRYPTO: WBT) cryptocurrency is surging this week, according to data from S&P Global Market Intelligence. The native coin of the WhiteBIT crypto exchange rose 35% from Friday's market close to 11 a.m. ET on Thursday, boosted by another big-ticket sports club sponsorship.
This Monday, WhiteBIT became the sleeve sponsor and official crypto exchange of the popular Italian soccer club Juventus. The three-year deal sparked an immediate boost in WhiteBIT coin prices, along with lots of media headlines and social media discussions. Long story short, the Juventus partnership will introduce the WhiteBIT brand name to a large new audience, which in turn should be good news for the integrated cryptocurrency in the long run.
This isn't WhiteBIT's first high-powered sponsorship, or even its first agreement with world-class soccer clubs. The group already sponsors the equally well-known FC Barcelona club in Spain, and offers a co-branded debit card linked to WhiteBIT's cryptocurrency accounts.
Source Fool.com
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