FERRARI SIGNS A MULTI-YEAR PARTNERSHIP AGREEMENT WITH BINGX

Ferrari (NYSE: RACE) announced a multi-year partnership agreement with BingX, a cryptocurrency exchange and Web3 company.

Rhea-AI Summary

Ferrari (NYSE: RACE) announced a multi-year partnership agreement with BingX, a cryptocurrency exchange and Web3 company. The agreement was signed on October 31, 2025 and is effective from January 1, 2026.

BingX will become a Team Partner of Scuderia Ferrari HP. The announcement names the parties and timing but does not disclose financial terms, contract length in years, or commercial value.

Argus Oct 31 session

+2.01% close to close Open Argus

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News Market Reaction – RACE

On Oct 31, the day this news came out, RACE closed 2.01% above the previous close.

Data tracked by StockTitan Argus for the Oct 31 session.

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Maranello (Italia), 31 ottobre 2025 – Ferrari N.V. (NYSE/EXM: RACE) annuncia un accordo di partnership pluriennale tra Ferrari S.p.A., società italiana da essa interamente controllata, e BingX, un exchange leader di criptovalute e una società Web3.

In base ai termini dell'accordo, firmato oggi ed effettivo dal 1° gennaio 2026, BingX diverrà un Team Partner di Scuderia Ferrari HP.

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• PR_FNV_BingX_ENG

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Ferrari (RACE) announce on October 31, 2025 about BingX?

Ferrari announced a multi-year partnership with BingX, signed October 31, 2025 and effective January 1, 2026.

When does the Ferrari and BingX partnership (RACE) take effect?

The partnership is effective January 1, 2026.

What role will BingX have with Scuderia Ferrari HP under the RACE partnership?

BingX will become a Team Partner of Scuderia Ferrari HP.

Did Ferrari (RACE) disclose financial terms for the BingX partnership?

No; the announcement does not disclose financial terms, contract value, or exact duration.

How should investors interpret the Ferrari (RACE) multi-year partnership with BingX?

Investors should view it as a commercial partnership announcement with naming and timing but without disclosed financial impact or contract value.