Crypto.com Arena Name Safe Despite Exchange Shutdown and Institutional Business Winding Down
The naming rights for Crypto.com Arena in Los Angeles will not be affected by the closure of Crypto.com's institutional exchange service for US customers, according to the company. The shutdown, which affects less than 400 entities, will not impact the company's retail trading app, which serves a large number of its more than 80 million users. Crypto.com entered a $700 million naming rights agreement in 2021 with AEG, the owner and operator of the arena known for years as the Staples Center.
