Bitcoin market releases trading of eight new football and Formula 1 tokens

Charlie Taylor


The Bitcoin Market announced that as of Tuesday (3), eight new fan tokens — digital assets linked to sports groups — will be made available on its trading platform. There are five cryptocurrencies from football clubs, two from Formula 1 teams and one from a fighting team. Prices range from R$5 to R$150. Check out the names: Manchester City (CITY), UK; Argentine soccer team (ARG); eSports Team Alliance (ALL), from Sweden; Natus Vincere (NAVI), from Ukraine; Team Heretics (TH), from Spain; Professional Fighters League (PFL), fighting team from the United States; Aston Martin Cognizant (AM), UK Formula 1 team; Alfa Romeo Racing (Sauber), Swiss Formula 1 team. Bruno Milanello, the exchange's New Business executive, said in the statement that investing in this type of asset is a fun and quick way to enter the crypto world: “The concepts, such as wallet and blockchain, are the same as Bitcoin, but the fans tokens are of another nature. The value does not vary with BTC or any other digital asset. It's free to negotiate. It's a new way of interacting with clubs and their athletes.” The listing of fan tokens took place through a partnership between the brokerage firm and Socios.com, the company behind the Chiliz (CHZ) token. In March of this year, the project's CEO, Alexandre Dreyfus, announced that he would open an office in São Paulo.

Biggest offer

Brazilian brokers, which until last year offered customers only 'mainstream' cryptocurrencies, expanded the offer of assets in 2022. The Bitcoin Market, for example, had already made available on its platform another nine fan tokens: Futbol Club Barcelona (BAR), AC Milan (ACM), AS Roma (ASR), Atlético De Madrid (ATM), Galatasaray (GAL), Independiente (CAI), Juventus (JUV), Paris Saint-Germain (PSG) and OG Sports (OG). During May, the exchange also released 18 cryptocurrencies on its trading platform, including the Basic Attention Token (BAT) and the Enjin Coin (ENJ). In recent months, broker Foxbit has released cryptocurrencies such as Polkadot (DOT) and Uniswap (UNI). In April, the Coinext exchange authorized the purchase and sale of Cardano, (ADA), LINK, Stellar (XLM), EOS and Dogecoin (Doge).

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