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Juventus FC players ask for crypto tips, says Bitget MD

By Darius McQuaid

Edited by Charlie Mellor

10:20, 22 November 2022

Representation of cryptocurrency in front of Juventus football club logo
Juventus and Bitget renewed their partnership in August 2022 and raised funds for charity – Photo: Getty Images

The managing director (MD) of cryptocurrency exchange Bitget has seen a wave of interest in crypto from the company’s sports partners, such as Juventus Football Club (JUVE), because they are “curious about the crypto space and want to get to know us as a company”.

Gracy Chen told Capital.com that when she met some players from Juventus, they mentioned their curiosity about trading and asked her for tips.

The Turin-based team in Italy’s top-tier football league Serie A announced that Bitget would be the club’s first official sleeve partner in September 2021.

Juventus and Bitget renewed their partnership in August 2022 with a celebratory game of basketball in Los Angeles. Juventus players Moise Kean and Wojciech Szczęsny tried to shoot as many basketballs as possible into the hoop for charity alongside notable crypto traders from Bitget.

After a day of basketball, the Juventus and Bitget team raised $9,000 (£7,573) for DIY Girls, a Los Angeles non-profit organisation that aims to increase girls’ interest in science, technology, engineering and mathematics (STEM).

At the end of the day, the Bitget MD Chen was awarded a Juventus football jersey from Kean and Szczęsny that had Gracy printed on the back of it.

BTC to USD 

Juventus was first to partner with Socios.com

In September 2018, Juventus signed a partnership with Chiliz, the global blockchain providers for the sports industry, and unveiled the $JUV Fan Token via fan engagement and reward app Socios.com, becoming the app’s first ever partner club.

SOL/USD

179.43 Price
-2.060% 1D Chg, %
Long position overnight fee -0.0753%
Short position overnight fee 0.0069%
Overnight fee time 21:00 (UTC)
Spread 2.2652

BTC/USD

67,357.75 Price
-0.600% 1D Chg, %
Long position overnight fee -0.0616%
Short position overnight fee 0.0137%
Overnight fee time 21:00 (UTC)
Spread 106.00

XRP/USD

0.61 Price
+1.050% 1D Chg, %
Long position overnight fee -0.0753%
Short position overnight fee 0.0069%
Overnight fee time 21:00 (UTC)
Spread 0.01168

DOGE/USD

0.14 Price
-2.970% 1D Chg, %
Long position overnight fee -0.0753%
Short position overnight fee 0.0069%
Overnight fee time 21:00 (UTC)
Spread 0.0012872

By being a holder of the $JUV Fan Token, Juventus (JUV) supporters are given access to voting rights in fan-focused club polls that "allow supporters’ voices to be heard".

JUV to USD

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Lionel Messi’s partnership with Bitget

Bitget partnered with Lionel Messi, the Argentinian professional footballer who plays as a forward for Paris Saint-Germain (PSG) in October 2022, which is in Ligue 1 club, the top tier of French football.

Through the partnership, Bitget promised it will give Messi fans “a unique opportunity to explore Web 3.0 and the potential of trading crypto on the exchange.”

Chen also referred to Messi as the GOAT, which stands for “greatest of all time”.

Messi has received the Ballon d’Or Award a record seven times. It is the annual football award presented by French news magazine France Football. It is regarded as one of the oldest and most prestigious awards for individual football players to receive.

Markets in this article

JUV/USD
Juventus to US Dollar
1.9294 USD
-0.0295 -1.550%
JUVE
Juventus FC
2.502 USD
0.057 +2.350%

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The difference between trading assets and CFDs
The main difference between CFD trading and trading assets, such as commodities and stocks, is that you don’t own the underlying asset when you trade on a CFD.
You can still benefit if the market moves in your favour, or make a loss if it moves against you. However, with traditional trading you enter a contract to exchange the legal ownership of the individual shares or the commodities for money, and you own this until you sell it again.
CFDs are leveraged products, which means that you only need to deposit a percentage of the full value of the CFD trade in order to open a position. But with traditional trading, you buy the assets for the full amount. In the UK, there is no stamp duty on CFD trading, but there is when you buy stocks, for example.
CFDs attract overnight costs to hold the trades (unless you use 1-1 leverage), which makes them more suited to short-term trading opportunities. Stocks and commodities are more normally bought and held for longer. You might also pay a broker commission or fees when buying and selling assets direct and you’d need somewhere to store them safely.
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