PANews reported on February 12 that according to the official announcement, Gate.io, as the official sponsor of Oracle Red Bull Racing in Formula 1, will launch the "F1 Ultimate Experience Tour" event from March 1, 2025 to December 31, 2025, giving high-quality partners the opportunity to watch F1 events. Qualified partners will have the opportunity to receive a Paddock Club box viewing qualification worth $15,000 per person and other one-stop benefits. Earlier news, Gate.io announced on February 10 that it had become the official sponsor of the F1 Red Bull Racing team.