Bithumb Signs Sponsorship with FC Seoul as South Korean Firm Turns to Ripple Custody
Bithumb has signed a sponsorship deal with FC Seoul for the
2025 season, the cryptocurrency exchange announced today (Friday). The
partnership is part of Bithumb’s outreach efforts to offer customers unique
experiences.
The sponsorship follows a separate development where South
Korea’s institutional crypto storage firm BDACS will use Ripple Custody to
secure XRP and RLUSD, a dollar-pegged stablecoin issued by Ripple.
Bithumb Sponsors FC Seoul’s 2025 Season
FC Seoul is one of Korea’s top professional football clubs,
managed by GS Sports. The club holds records such as being the first K League
team to surpass 500,000 spectators in a single season. It has the highest
average home game attendance among domestic professional sports teams.
Under the agreement, Bithumb will serve as an official
sponsor, with its logo displayed at the center of FC Seoul’s official jerseys.
The sponsorship will include collaborative marketing activities, promotional
events during home matches, and other fan engagement initiatives.
Enhancing FC Seoul Fan Engagement
The collaboration is part of Bithumb’s project, which
started last year, to contribute to society through cultural fields, including
sports and the arts.
Bithumb users and football fans will have access to
exclusive experiences, such as player escort opportunities, stadium tours, and
special match-day invitations. The partnership will debut during FC Seoul’s
first home match of the season against Gimcheon Sangmu FC on Wednesday.
South Korea 🇰🇷 sees a surge in cryptocurrency adoption!🚀 Key Highlights:Over 15.59 million crypto investors—more than 30% of the population (Bank of Korea).Total cryptocurrency holdings soared to 102.6 trillion won (~$70.8 billion) in November, up from 58 trillion won… pic.twitter.com/ZXLdCfyKEI
— Traders Paradise (@theparadiselive) December 25, 2024
South Korea’s Crypto Investor Numbers Reach 15.59 Million
As of November 2024, South
Korea’s cryptocurrency investors totalled 15.59 million, an increase of
610,000 from the previous month, according to the Bank of Korea (BOK). This
represents about 30% of the population, with the total market value of
cryptocurrencies held by investors reaching 102.6 trillion won, as reported by Finance Magnates.
Since July, the number of investors has grown steadily, with
a notable spike following Donald Trump’s election win, which drove Bitcoin
prices to record highs. The data, shared by Rep. Lim Kwang-hyun, is the first
release of cryptocurrency investor statistics by BOK, covering accounts at the
five major exchanges: Upbit, Bithumb, Coinone, Korbit, and GOPAX.
Cryptocurrency transaction volumes have also surged,
averaging $10.2 billion daily in November, nearly matching the combined volumes
of the KOSPI and Kosdaq.
This article was written by Tareq Sikder at www.financemagnates.com.