HomeNewsSponsorship & MarketingMotorsportUnited Kingdom

McLaren terminates Bitci deal after less than a year

Daniel Ricciardo of McLaren Racing driving during Formula 1 testing at Yas Marina Circuit on December 14, 2021 (by Clive Rose/Getty Images)

Formula 1 motor racing team McLaren has terminated its commercial agreement with Turkish cryptocurrency exchange Bitci.

McLaren initially partnered with Bitci.com in March 2021 through a sponsorship and licensing deal that was set to offer up the first official fan tokens in F1. The token was due to work on ‘Bitci Chain’, Turkey’s first native blockchain platform, developed by engineers and software developers within Bitci Technology.

You need to have an account to access our content

Find out more about our news, features and services

Already have an account? Sign in here