New ETFs show promising results for sports partnerships that crypto platforms have harbored

Cryptocurrencies have continued to grow in terms of their price over the past few years. Not only has it almost doubled in its overall market cap in just the past two years, it has also been able to leave an impact on every other market that they have interacted with.

In fact, cryptocurrencies also happen to be one of the fastest expanding financial markets in the world right now, as more and more industries start accepting them. Very famously, AMC started accepting cryptocurrencies as a form of payment for its tickets as well as for its confectionery stands. Then came the healthcare department, where many private clinics were now willing to accept cryptocurrencies as a valid form of payment.

However, the most recent and most relevant expansions that the crypto market has made have been in both ETFs, and in the sports industry. Crypto.com has very famously been cutting deals with organizations like the NBA and the UFC, where it would now become their sole cryptocurrency transaction broker.

Even teams within the NBA are starting to consider the possibility of working with a crypto firm. This neatly ties back into how the Dallas Cowboys and how they are now starting to partner up with the crypto platform Voyager digital. This was the first partnership that the team had made both an international company and with a crypto firm.

But that is not to say that this will be the last that people see of cryptocurrencies within the sports industry. Cryptocurrencies are becoming even more prominent in various teams, as different leagues start to take notice of their success.

Of course, basketball sponsorships are not the only types of sporting events that cryptocurrencies are looking to sponsor and promote. In fact, they are looking to make a massive impact on the Sports scene as well, as they start to take on a multitude of Esports teams that are popular in the scene right now. And as each of these teams starts to understand the depth of the impact that cryptocurrencies have, many more will start looking for partnerships as well.

Crypto.com, one of the largest cryptocurrency exchanges on the planet, has even joined with the UFC for their latest fight. The UFC was selling unique NFTs through the Crypto.com marketplace, which has allowed them to make millions in the process. The tokens included VIP passes, unique trading cards, and exclusive pictures of the fighters in the event.

And as cryptocurrency prices continue to rise, more and more companies will most likely start to incorporate them into their businesses. And these sports leagues and organizations will also consider it to be worth their time.