Forex Broker Plu500

Regulator May Ban La Liga Football Clubs’ Crypto Sponsorship Deals

Regulator May Ban La Liga Football Clubs’ Crypto Sponsorship Deals


One of Spain’s top financial regulators has warned top-tier professional football clubs in the country that their sponsorship deals – including many made with cryptocurrency-related companies – could be “toxic.”
Sports newspaper AS says it has seen a report compiled by the regulatory National Securities Market Commission (CNMV), which calls out a number of La Liga (the men's top professional football division of the Spanish football league system) clubs for possible violations. The regulator says that it could be forced to act – and “put restrictions on La Liga club advertising.”
The media report claims that two clubs, in particular, are under the spotlight – namely Real Betis, whose main shirt sponsor is easyMarkets (which offers crypto trading and crypto CFDs (contracts for differences), and Atlético Madrid, whose shirt sponsor is Plus500, another company that offers crypto trading services.
The CNMV has not singled out crypto trading platforms exclusively, but it has stated that it may look to outlaw sponsorship deals with crypto exchanges and brokerages – as well as online gambling, forex, CFD, stocks and binary options platforms.
The regulator believes that football sponsorship deals involving “complex financial products” could be considered “toxic advertising.”
A large number of La Liga teams have signed sponsorship deals with crypto firms and exchanges in recent years, and although the CNMV’s primary focus appears to be shirt sponsors, the report also makes mention of a range of sponsorship deals involving La Liga club and crypto and financial products-related companies.
Sponsorship deals have already seen La Liga players participate in advertising and marketing events for crypto and other financial services providers, with some platforms offering discounts for fans.
Meanwhile, in nearby Italy, Serie A champions Juventus have co-launched a line of Ethereum-powered digital collectibles on a blockchain platform. The collectibles have been released in conjunction with blockchain provider Sorare, which also has collaboration deals in place with the aforementioned Atlético Madrid, as well as Italy’s AS Roma and Portugal’s Porto.
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Where to Trade Crypto on Leverage/Margins: Over 20 Best Places

Right now, if you are looking to trade cryptocurrencies on leverage, you can opt to trade raw crypto or in CFDs. We found some of the best dedicated cryptocurrency exchanges offering crypto leverage/margin trading as Kraken, Poloniex, Huobi Pro, OKEx, CEX.io, Bitfinex, Coinexx, offering between 2x to 500x (2 times to 500 times). However, the most normal leverage range is 5x to 20x on most dedicated cryptocurrency exchanges including Kraken, Poloniex, Huobi Pro, OKEx, Bitfinex, CEX.io, with Bithumb Global set to launch full features later this year with 100x leverage, Coinexx offering 500x leverage, and Binance yet to launch the feature but having confirmed they will.
However, if you are looking for some of the best features when leverage trading crypto, plus if you want more leverages or multipliers, then cryptocurrency CFD contracts may be a better option for now, at WhaleClub, AvaTrade, Plus500, RoboForex (50x) and Evolve.Markets (50x), where leverages range from 10x to 50x or at Deribit (100x), XENA (100x), BitMex (100x), PrimeXBT (100x) and ADS Prime (500x) where leverages are in another entirely different level. All of these work differently from dedicated cryptocurrency exchanges above.
Otherwise below is a more detailed review of some of the main exchanges and broker trading platforms where you can trade different types of crypto either as real crypto or as CFDs in leverage.

https://www.cryptomorrow.com/2019/05/16/crypto-on-leverage-margins/
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