<html>
 <head></head>
 <body>
 Binance, one of the world's largest cryptocurrency exchanges, has abruptly ended its five-year partnership with the Argentine Football Association (AFA) after only one year.&nbsp; 
 As per the exchange, the termination happened because the AFA failed to comply with partnership obligations. Partnership Background 
 Binance and AFA went into business in AFA, with the former becoming the official naming sponsor of the country's national football team. The deal was for a five-year partnership, generating significant buzz in the crypto space. However, things started to sour after the AFA allegedly failed to fully comply with its partnership obligations leading to the dissolution. As per Binance, the AFA's non-compliance conflicted with their business values and partnership principles. 
 Wu Blockchain tweeted: 
 "Binance has terminated its five-year partnership with the Argentine soccer association, just after a year, citing a breach of contract. The move comes at a time when Binance is cutting staff and employee benefits. In January 2022, Binance became the main sponsor of Argentina’s national soccer team." More Troubles For Binance 
 Binance is currently going through challenging times after news came out that they have reportedly laid off several staff members after a number of executives left the firm. Apparently, more than 1,000 staff members were let go over the past few weeks. It should be noted that Binance CEO CZ has tweeted that the numbers reported were grossly inaccurate. AFA's Crypto Partnership 
 The Binance partnership was far from AFA’s first crypto rodeo. Previously, the AFA had partnered with global exchange ByBit as its main sponsor. The AFA had also partnered with the likes of&nbsp;Upland, and BC.GAME. 
 Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
 </body>
</html>

Binance Ends Partnership Deal With Argentine Football Association

Crypto Daily™

2023년 7월 18일에 게재된 다른 기사

Galaxy Digital CEO Says ETF Will Likely be Approved by SEC

BRICK up 533%, MOON Surges 300% on Reddit Rule Change and Kraken Listing Speculation

Open Exchange (OX) up 24%, Here Are Growth Triggers

CoinGekco’s Q2’23 Report Underscores Decline In Spot Trading Volume

Ethereum’s zkSync Introduces Boojum: Advancing Decentralization and Efficiency

CBDCs Under Threat: This Presidential Candidate Vows To ‘Nix’ Digital Currency Plans

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!