Cryptocurrency exchange CoinDeal has announced that it will sponsor the English soccer club Wolverhampton Wanderers for another year. In addition, it is also launching a new cryptocurrency, called CDL, and will expand to the United States. To celebrate, among other things, the extension of sponsorship, the cryptocurrency exchange will give away 90% of the stock for free.
Due to the extension in the 19/20 season, CoinDeal will, among other things, be visible on the signs along the field. Last season the club became 7th in the Premier League, which is a particularly good result for a club of this size. Co-founder Kajetan Maćkowiak said about the news:
We are delighted to extend the contract with Wolverhampton Wanderers following the success of our first year as an official sponsor and will continue to work closely with the club to deliver the CoinDeal message to a global audience. We wish them every success for another successful season in the Premier League and during their Europa League campaign
Partly to celebrate that CoinDeal will be a sponsor for another season, the exchange is also launching a new cryptocurrency , CDL. With the cryptocurrency, users get multiple benefits, such as additional functions for trading cryptocurrency on the exchange.
The total stock of CDL will be 50 million and only the first 450,000 users will get the cryptocurrency for free in their wallet . More than 90% of the total stock is given away for free by CoinDesk. In addition, CoinDeal announced that it will expand to the United States. About the new cryptocurrency and expansion, Maćkowiak said:
The launch of the CDL token is intended to accelerate this expansion [To the United States], it is a fantastic opportunity for new users to start trading for free and for all CoinDeal users to take advantage of a variety of other benefits on a leading global Cryptocurrency exchange.
CoinDeal has more than 320,000 users and achieved its record trading volume of $ 32 million earlier this year. In addition, according to The Tie, the exchange is the fifth largest cryptocurrency exchange based on the trading volume of 2019.