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CRO Rallies as Crypto.com Scores USD 700M Arena Deal
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Crypto.com coin (CRO) has jumped nearly 10% in a day, following the news that the Singapore-headquartered crypto platform Crypto.com has signed a deal with sports and live entertainment group AEG to secure the naming rights for the famous Staples Center.
At 8:43 UTC, CRO was trading at USD 0.458, having appreciated 9% in a day. Overall, it's up nearly 30% in the past week.
Staples Center is the Los Angeles-based arena notable for hosting high-profile sports events and shows including the home games of NBA teams Los Angeles Lakers and LA Clippers. As part of the agreement, which will enter into force on December 25, the 20,000-seat facility will be renamed Crypto.com Arena.
In addition to this, Crypto.com will become the official crypto
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