Staples Centre is changing its name after a landmark deal happened between Crypto.com and Anschutz Entertainment Group. The venue of the Staples Centre will be Crypto.com Arena, in the near future.
The venue of Staples Centre that is in downtown Los Angeles and Lakers, Clippers, Sparks, and Kings has their home at that place, is going to adopt the new name i.e., Crypto.com Arena for the next 2 decades i.e., 20 years.
They are going to change the logo and the new logo will launch on 25th December, Christmas Day. The signature of Staples Centre is also going to change but from July 2022 and not this year.
What is Crypto.com?
If you have an interest in investing your money in fixed assets or digital currency Then you will find it easy to understand about crypto.com. It is a company that provides a service of converting assets into a digital currency that is cryptocurrency. This company was incorporated in 2016. Currently, this company is dealing with 10 million users and 3000 employees.
Recently the value of cryptocurrencies is increasing On a daily basis. The coin that is available on crypto.com has a name i.e., CRO and has gained their demand among a large population of the world.
The CRO is an intermediary currency that allows the digital currency to get converted into small counterparts resulting in a reduction of the cost.
Who owns crypto.com?
The owner of this website crypto.com all four entrepreneurs. It was first launched in 2016 in Singapore and has faced gradual growth. It is considered to be a popular crypto trading platform. Along with monetary value, it has also built its goodwill on the basis of a good reputation.
Since June 2016, Kris Marszalek was the CEO of cryptodotcom And is currently established in Hong Kong. The Co-founder of crypto.com as well as the managing director is Bobby Bao. Two other Co-founders of this company are Gary Or and Rafael Melo.
Kris Marszalek is hoping for the best as the new name is going to be opted by the company. He said, “In the next few years, people will look back at this moment as the moment when crypto crossed the Chasm into the mainstream. This is just such a brilliant move from the guys at AEG because the next decade belongs to crypto. And this positions at Los Angeles and this particular venue right at the center of it.”
Cost of Renaming
The deal of renaming the company’s landmark Between the Singapore cryptocurrency exchange and AEG, the owner and company’s operator had cost around $700 million.