FTX intends to get the rights to the Arena of the NBA club “Miami Hit”

The FTX cryptoderivat exchange has reached an agreement with the Miami-Democal authorities on the 19-year-old partnership to name the home arena of the local basketball club NBA with its name.

According to the press release, the Council of Authorized District will vote on a transaction on March 26. In the case of approval, the Miami Hit stadium, which also hosts concerts, performances and other cultural events, will be called FTX Arena until 2040.

The renaming of the arena has been agreed with the club, now the American Airlines flies in the name.

The district in the framework of the partnership for 19 years will receive almost $ 90 million from the exchange.

FTX will also participate in the implementation of educational programs for financial technologies and literacy in Miami DED and additionally invest $ 5 million in its community.

Recall that the authorities of the administrative center of the district, the city of Miami https://gagarin.news/news/sudo-rare-developers-stole-815-000/ , decided to study options for the integration of bitcoin into the municipal infrastructure.

Mayor Miami Francis Suarez did not exclude the transfer of 1% of the city budget to the first cryptocurrency.

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