DUBAI, UAE, Nov. 21,
2024 /PRNewswire/ -- KuCoin, a leading global crypto
exchange, in collaboration with the Dubai Sports Council, has
announced the Open Padel Cup for Government Institutions as the
Title Sponsor during a press conference held on November 19th, 2024. Scheduled from December 13 to 15, the Open Padel Cup
Championship invites all government institutions across the UAE to
participate. To promote amateur participation, professional players
registered with clubs or the UAE Padel Association are not
eligible, ensuring over 300 Emirati amateurs can take part in this
competition.
Padel has been gaining traction in Dubai as a fun and engaging way to promote a
healthy lifestyle and enrich the local sports culture. The Dubai
Sports Council has recently spearheaded the Padel Cup Tournament
initiative, partnering with KuCoin for the event, which is
organized by Royal Griffin Event and hosted at JUST PADEL
facilities.
As the title sponsor, KuCoin has expressed strong confidence in
the economic prospects of the Middle
East, particularly the UAE and Dubai, especially regarding
the immense potential of the cryptocurrency market. Over the past
few years, KuCoin has established many meaningful partnerships in
Dubai's vibrant city and has been actively involved in various
local activities. Last year, KuCoin sponsored the COP28 Global Climate Change and Green Blockchain
Summit and hosted the "KuCoin Green Future Charity Gala Dinner,"
supporting various charitable causes.
At the press conference, Harry
Chan, the representative from KuCoin highlighted the synergy
between sports and blockchain technology, noting that both fields
emphasize collaboration and innovation. Padel is a sport that
requires high levels of teamwork and strategic thinking, aligns
with the decentralized cooperation and innovative spirit of
blockchain technology. "We believe that through activities like the
Open Padel Cup for Government Institutions, we can better
communicate the core values of blockchain technology to the public
and inspire more innovative ideas," said the KuCoin representative,
and "help bring in and connect global responsible companies and
talents". This event marks the latest in a series of collaborations
by KuCoin in Dubai, underscoring
its long-term commitment to the Dubai market.
Fawzia Faridoun, Director of the Community Sports Department at
the Dubai Sports Council expressed pleasure in partnering with
KuCoin to promote the city's sports culture and healthy lifestyle,
looking forward to deeper cooperation in the future.
About KuCoin
Launched in September 2017, KuCoin
is a leading crypto exchange and financial technology platform with
its operational headquarters in Seychelles. As a user-oriented platform with a
focus on inclusiveness and community engagement, KuCoin offers over
800 digital assets across Spot trading, Margin trading, P2P Fiat
trading, Futures trading, and Staking to its 37 million users in
more than 200 countries and regions. KuCoin ranks as one of the top
6 crypto exchanges. KuCoin was acclaimed as "One of the Best Crypto
Apps & Exchanges of November
2024" by Forbes Advisor and has been included as one of the
top 50 companies in the "2024 Hurun Global Unicorn List". Learn
more at https://www.kucoin.com/.
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