Crypto.com coin jumps 26% after the exchange buys the naming rights to the home of the LA Lakers

Crypto.com’s coin price rose 26% after the platform bought the naming rights to the LA Lakers’ home.

The stadium, once known as the Staples Center, will become the Crypto.com Arena after December 25.

The Crypto.com coin is the 16th largest cryptocurrency by market value.

The digital coin named after the Crypto.com exchange jumped 26% Wednesday after the platform bought the naming rights to the Los Angeles Lakers Arena.

The Staples Center, home to the Los Angeles Lakers and the Los Angeles Clippers, will be known as the Crypto.com Arena starting December 25, Insider reported. The logo and signs inside the arena will be changed in times for the Lakers’ game against the Brooklyn Nets.

Source: https://markets.businessinsider.com/news/currencies/cryptocom-coin-staples-center-la-lakers-clippers-nba-cryptocurrency-2021-11

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