Sources - Crypto.com change won't affect L.A. arena naming rights - ESPN
The cryptocurrency company Crypto.com announced Friday it was closing part of its business, however that change will not affect the naming rights deal for Crypto.com Arena in downtown Los Angeles, sources told ESPN.
Crypto.com is shuttering its institutional exchange in the United States, which affects approximately 400 customers making large-scale crypto transactions on the platform. Crypto.com's main business, a retail app with more than 80 million users worldwide, remains the same.
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"We remain fully confident in the continued success of our market differentiating capabilities and offerings and will continue to offer all other regulated services in the markets in which we operate," Crypto.com said in a statement Friday.