Voyager announced on Tuesday that as part of a multi-year agreement, it would become the league’s first cryptocurrency brokerage partner. According to the trading portal, a “significant chunk” of the investment will go toward funding rostered athletes’ bitcoin accounts. The NWSL will have 12 teams starting in 2022, allowing the Voyager partnership to benefit up to 312 players.
“Voyager’s involvement in the league is particularly novel,” said NWSL interim CEO Marla Messing, “since we’ve built the partnership to include direct cash resources for each of our players, as well as instruction on the revolutionary breakthroughs in digital assets”.
Crucial lessons and instruments
As part of the Voyager deal, one player from each NWSL team will serve as an ambassador. Attending educational events and generating crypto-related content. The exchange declared that it would provide “crucial lessons and instruments”. In order to help athletes create long-term financial growth opportunities once their sporting careers ended.
Furthermore, as the space grows and appears to become more profitable as a sponsor, many crypto companies and platforms have formed agreements with sports groups all around the world. Following a contract struck in October, Voyager is now the crypto brokerage. As well, an international partner of the Dallas Mavericks basketball franchise. In June, FTX, a cryptocurrency derivatives exchange, said that it had signed a deal. In order to become the official sponsor of Major League Baseball.
Voyager Digital, which was founded in 2018, now offers over 60 digital assets for trade on its mobile app. As well as yield farming services. Alameda Research, a crypto quantitative trading firm and liquidity provider, revealed in October that the platform had obtained a $75 million investment.