Upbit Signs Deal with Serie A Team Napoli to Become an Official Shirt Partner

Dunamu has partnered with Serie A league leader, Napoli, making Upbit the back-of-shirt and crypto exchange partner of the club.

Soccer player from Italian club Napoli playing on a mini soccer field.

Upbit, South Korea’s largest exchange by trade volume, has inked a partnership deal with S. S. C. Napoli to become the new back-of-shirt and crypto exchange partner for the leading Italian soccer club.

Upbit Partners with Napoli

On Monday, January 2nd, S. S. C. Napoli announced a partnership deal with Dunamu Inc., the South Korean fintech company and operator of one of the world’s largest cryptocurrency exchanges, Upbit.

Sponsored

As part of the partnership, the Upbit logo will appear on the back of Napoli’s jerseys worn in the Serie A, friendlies, and Coppa Italia competitions. The Napoli jerseys with the Upbit logo will be worn for the team’s next Serie A fixture on Wednesday against bitter rivals Inter Milan.

Upbit will also be Napoli’s official global crypto-exchange partner during the 2022/23 and 2023/24 soccer seasons. Napoli is the current Serie A leader, remaining undefeated at home throughout the 2022–23 season.

A Return for Crypto – Sports Partnerships?

The sponsorship comes as a shock, as most crypto providers have stopped sponsoring sports teams, including Tezos, which has recently halted its partnership with Red Bull Racing. Upbit declared that the two companies would collaborate more during the season, striking a hopeful note.

Such lucrative relationships have been affected by the crypto bear market and the recent collapse of FTX – a leader in crypto sports partnerships.

On the Flipside

  • The deal could increase South Korea’s already growing support for Napoli, who signed their countryman Kim Min-Jae – who also won the Italian Serie A player for the month of September 2022.

Why You Should Care

Given Napoli’s good run of form, the partnership could help project Upbit, which aims to expand internationally and improve its global branding.

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Author
Milko Trajcevski

Milko Trajcevski is a DailyCoin news reporter, mainly focused on Ethereum (ETH), Cardano (ADA), and their founders (Vitalik Buterin and Charles Hoskinson). Milko is an avid follower of crypto and blockchain technology and has written thousands of articles on the subjects. He finds joy in transforming complex issues into written content that anyone can understand. Milko has used and analyzed numerous exchanges, such as Coinbase, FTX, and Binance. He also closely follows all of the latest news around the largest decentralized exchanges (DEXs). Location: Skopje, Macedonia