After 8 years and 2.5 million km of pedal power, Saxo Bank waves goodbye to cycling sponsorship

Saxo Bank enjoys a reputation as not only a proponent of cutting edge trading technology, but also of cutting edge performance in motor sport and cycle racing. Today, however, the company has announced that the end of this year will mark the end of an era for the partnership between Saxo Bank and the Tinkoff-Saxo […]

Saxo Bank enjoys a reputation as not only a proponent of cutting edge trading technology, but also of cutting edge performance in motor sport and cycle racing.

Today, however, the company has announced that the end of this year will mark the end of an era for the partnership between Saxo Bank and the Tinkoff-Saxo professional cycling team, as it will not be renewing for the next season.

If racking up the miles at high speed is as exciting as trading on the company’s new SaxoTraderGo platform, some interesting statistics from the firm’s 8 years as sponsor of the Tinkoff-Saxo cycling team are worthy of observation.

th

During the past 8 years, cycling sponsorship has helped Saxo Bank grow its business in 26 different countries, with the cyclists having raced in 28 countries across 5 continents.

The company considers cycling to have established its name in various regions internationally, with milestones such as 5 Grand Tour victories, and five Monument Race wins behind it.

In terms of individual stages, Team Tinkoff-Saxo can credit itself with 27 Grand Tour Stage wins, and a total of 2.5 million kilometers having been covered by pedal power over the last 8 years.

Lars Seier Christensen and Kim Fournais, co-CEOs and co-Founders, Saxo Bank today stated:

“It has been a privilege working with the team over the past eight seasons and we are extremely proud of the numerous successes we have achieved together during this time. We would like to thank both the current team as well as the heroes from the past, from Bjarne Riis over Alberto Contador, Peter Sagan, the Schleck Brothers, Fabian Cancellara, Carlos Sastre to Matti Breschel, Chris Anker Sørensen and all the other riders whose passion and integrity have boosted the teams and our own brand as a sponsor both in Denmark as well as globally”

“We would especially like to thank Oleg Tinkov, the team’s current owner, and the management of Team Tinkoff-Saxo for the partnership. We look forward to finishing the season in style together as cycling will always have a special place in our hearts and we wish the team continued success”.

Read this next

Chainwire

Zircuit Staking Soars Past $2B TVL In Only 2 Months

Zircuit, a ZK rollup with parallelized circuits and AI-enabled security, today announced that its staking program has soared past $2B in TVL in only 2 months. 

Retail FX

PrimeXBT joins Financial Commission’s membership roster

The Financial Commission, an independent external dispute resolution (EDR) body, today announced the addition of cryptocurrency trading firm PrimeXBT as its latest member effective March 6, 2024.

Digital Assets

Ripple wants to reduce SEC’s $2 billion penalty to $10 million

Ripple Labs has responded to the U.S. Securities and Exchange Commission’s (SEC) recent demand for $2 billion in penalties, arguing that the amount should be substantially reduced to $10 million. The legal stance was disclosed in a court document filed late Monday.

blockdag

Analysts Go Bullish On BlockDAG After Its Surge to $0.005 And Unique Developer Platform That Goes Beyond Ethereum & BONK

Discover how BlockDAG’s unique low-code and no-code platforms offer more adaptability than Ethereum’s bull run and BONK’s fluctuating prices.

Tech and Fundamental, Technical Analysis

WTI crude oil Technical Analysis Report 23 April, 2024

WTI crude oil can be expected to rise further toward the next major resistance level 86.00, which has been reversing the price from October.

Digital Assets

Binance Debuts Spot Copy Trading Feature in Its Expanding Automated Trading Portfolio

Explore Binance’s latest innovation in trading technology with the rollout of Spot Copy Trading, now available within their comprehensive automated trading toolkit.

Financewire

Changelly launches Probably Serious Quiz introducing 0% fee swaps of USDt on TON and Toncoin

Changelly, a global crypto exchange, lists USDt on TON, a newly launched stablecoin created in the wake of a strategic collaboration between Tether and The Open Network.

Digital Assets

Crypto.com’s South Korea launch hits a snag over AML probe

Crypto.com has postponed a planned launch in South Korea following a report by the local news outlet Segye Ilbo, which stated that the exchange platform was undergoing an “urgent on-site inspection” due to concerns over money laundering.

Market News

Germany’s DAX 40 Index: Defying Economic Gravity

Amidst a backdrop of pervasive pessimism regarding Germany’s economic outlook, the DAX 40 Index (Germany 40 Mini at FXOpen) has emerged as a beacon of resilience and strength in the European financial landscape.

<