Red Bull have confirmed a multi-year sponsorship arrangement with cryptocurrency firm Gate.io ahead of the F1 2025 season.

It comes after the team’s deal with rival cryptocurrency firm Bybit concluded at the end of last year.

PlanetF1.com reported last month that Red Bull were in advanced talks with Gate.io after parting ways with Bybit, whose three-year deal with the team – reported to be worth $150million – reached a natural conclusion at the end of 2024.

Red Bull have confirmed the deal, describing the partnership as a ‘major milestone in uniting two industry leaders, both recognised for their relentless pursuit of performance, innovation, and cutting-edge technology—on the racetrack and in the digital economy.’

Gate.io branding is set to feature prominently on the front wing, rear wing and headrest of the new RB21 car for F1 2025, as well as the overalls and team kit of drivers Max Verstappen and Liam Lawson.

The firm will also have a presence on the helmet of Verstappen, the reigning four-time F1 World Champion.

Christian Horner, the Red Bull team principal, said: “We are very excited to welcome Gate.io to the team.

“Gate.io are a brand that very much share Oracle Red Bull Racing’s passion to exist at the forefront of technological innovation.

“Together, we look forward to building a more immersive and unique connection with the team for fans around the world and to working with a like-minded partner that isn’t afraid to disrupt the status quo.”

Dr. Lin Han, the founder and CEO of Gate.io, added: “At Gate.io, we believe that innovation and performance go hand in hand—whether in blockchain or on the racetrack.

“Just as Oracle Red Bull Racing pushes the limits of engineering, we are continuously advancing blockchain technology to bring greater transparency, speed, and efficiency to digital finance.

“This partnership comes at a time when blockchain is moving beyond finance, and we’re excited to explore new ways it can intersect with global industries like motorsport.”