The regulations from the authority of Turkey has reportedly hurt itself, with European clubs getting out of the alliance formed with local crypto exchange Bitci, opening up the opportunity to many others. 

Specifically, the regulation in the nation – developing but with a lack of clarity – has reportedly created a negative impact on the firm’s ability to make payments, consequently resulting in confidence insufficiency throughout top-tier soccer clubs.

Sporting CP – the high-profile football club well known for nurturing football legend Cristiano Ronaldo in his early days – together with Italian Serie A club Spezia, have reportedly parted ways with Bitci. 

The F1 heavyweight Mclaren Racing reportedly also disclosed details related to its termination decision regarding its sponsorship deal with Bitci earlier in February.

Barcelona recently also voiced out to reveal its decision in leaning towards Binance for a partnership deal instead of Spotify, regardless of the firm introducing its fan token in April last year. 

Although it appears that crypto and soccer alliances have been reduced to 10 players, deals, enthusiasm and sponsorships for crypto among football clubs are still witnessing further growth. 

The majority of 20 football clubs in England (17) reportedly possess a minimum of one deal with a crypto entity. For Watford soccer club, not only does Dogecoin (DOGE) make an appearance on the shirtsleeve, but Stake.com also offered a sponsorship to the main body of the shirt.

Southampton football club reportedly initiated a Bitcoin (BTC) hunt on February 23rd, collaborating with crypto betting site Sportsbet.io, where the online quiz winner takes home an entire BTC.

While Crypto.com recently struck a deal to rebrand the American football stadium in Los Angeles from the Staples Center to the Crypto.com arena, in Italy, the crypto heavyweight takes care of the sponsorship for the whole league. 

Fan tokens are reportedly also trending in the upward direction throughout European football supporters, with blockchain sports entity Chiliz has captured the attention of top-tier football clubs, while the Socios platform announced a deal with UEFA.