The Red Bull F1 team have confirmed a 🍷multi-year sponsorship agreement with cryptocurrency firm Gate.io. 

Red Bull had been seeking a replacement to fill the sponsorship void left by Bybit, a deal which concluded at﷽ the end of last year.

That has⛦ now been filled by rival cr༒yptocurrency firm ahead of the upcoming 2025 campaign.

Red Bull’s 🔯three-year deal with Bybit was reported to be worth $150million.

's branding will feature on Red Bull’s 2025 challenger - the RB21 - as well as team kit and driver and pit crew race suits. It will also adorn 168澳洲幸运5官方开奖结果历史:Max Verstappen’s helmet.

Red Bull says the collaboration marks a “major milestone in uniting two industry leaders, bo♐th recognised for their relentless pursuit of performance, innovation and c꧂utting-edge technology”.

was founded in 2013, making i෴t one of the world’s earliest and most establiꦰshed cryptocurrency agencies.

The firm continues to “push ❀the boundaries of blockchain infrastructure, optimising speed, security, and scalability to support the next generation of crypto-exchange technology”, say Red Bull.

Red Bull team principal Christian Horner said: “We are very excited to welcome Gate.io to the Team. Gate.io are a brand that very much share Oracle Red Bull Racing’s passion to exist at♔ the forefront of technological innovation.

“Together, we lo🎉ok forward to building a more🎃 immersive and unique connection with the Team for fans around the world and to working with a like-minded partner that isn’t afraid to disrupt the status quo.”

Dr. Lin Han, founder and CEO of Gate.io, added: "At Gate.io, we believe that innovation and performance go hand in hand—whether in blockchain or on the racetrack. Just as Oracle Red Bull Racing pushes the limits of engineering, we are 🍸continuously advancing blockchain technology to bring greater transparency, speed, and eff🅘iciency to digital finance.

“This partnership comes at a time when blockchain is moving beyond finance, and we're exci🔥ted to explore new ways it can in👍tersect with global industries like motorsport."