Bybit Teams Up with Formula 1 Team Oracle Red Bull Racing

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Cryptocurrency exchange Bybit and the Oracle Red Bull Racing team entered on February 16 into a partnership agreement. As part of it, both companies plan to cooperate in online and offline areas, including the creation of tokens, the promotion of the digital economy and the jointly implementation of green technologies.

It is expected that the cooperation will expand Oracle Red Bull Racing’s ability to interact with fans. This will be thanks to Bybit’s help in the issuance and distribution of fan tokens and the fact it will become a tech incubator partner.

Special mention should also be made to the fact that the crypto platform will also support the team in the development of STEM and IT developments.

Bybit aims to achieve the next level of innovation and technology. The exchange will pay out under the agreement using cash payments and BitDAO’s native governance token BIT.