What is Crypto.com Arena? LA’s Hottest Sports & Concert Destination

Crypto.com Arena, formerly known as Staples Center, is one of Los Angeles’ most iconic entertainment landmarks. 

Since its grand opening in 1999, it has become a world-class venue for sports, concerts, award shows, and cultural events, attracting millions of visitors every year.

Located in downtown L.A. next to the Convention Center and part of the L.A. Live entertainment district, the arena combines cutting-edge facilities with a rich history, making it the ultimate destination for fans and tourists alike.

A World-Class Venue with Rich History

Crypto.com Arena opened on October 17, 1999, with a Bruce Springsteen concert and quickly established itself as one of the busiest arenas in the world. 

With a seating capacity of around 19,000 for basketball, 18,000 for hockey, and up to 20,000 for concerts, it hosts a wide variety of major events.

Over the years, it has staged NBA Finals, Stanley Cup Finals, Grammy Awards, championship boxing, figure skating, and memorials for cultural icons like Michael Jackson and Kobe Bryant. In 2028, the arena will also host gymnastics and boxing finals for the Summer Olympics.

Home to Los Angeles’ Biggest Teams

The arena is home to some of the most famous sports teams in the U.S.:

• Los Angeles Lakers (NBA)
• Los Angeles Clippers (NBA, until 2024)
• Los Angeles Kings (NHL)
• Los Angeles Sparks (WNBA)

This lineup makes it one of the rare multi-team venues in the country, with a packed calendar of games and events throughout the year.

The $700 Million Naming Rights Deal

In November 2021, Crypto.com secured naming rights in a record-breaking $700 million deal, effective December 25, 2021. This marked one of the largest agreements in sports history and highlighted how deeply cryptocurrency has entered mainstream culture.

The renaming from Staples Center to Crypto.com Arena signaled a new era, linking one of Los Angeles’ most important venues with the fast-growing digital economy.

Facilities and Fan Experience

Crypto.com Arena is renowned for its state-of-the-art facilities, including:

• Advanced sound and lighting systems
• Premium seating and luxury suites
• Wide-ranging food and beverage options
• Free public Wi-Fi
• Community engagement through the AEG 1Community Foundation

These features make it a top choice for sports fans, concertgoers, and anyone looking to experience live entertainment in Los Angeles.

Read more: Cryptocurrencies With 30x Potential in 2025: Hidden Gems and Top Picks

Conclusion

Crypto.com Arena is more than just a sports venue — it’s a cultural hub at the heart of Los Angeles. With a legendary history, world-class events, and modern facilities, it continues to be the hottest destination for sports, concerts, and major global events.

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FAQs

What teams play at Crypto.com Arena?

The arena hosts the Los Angeles Lakers, Los Angeles Kings, and Los Angeles Sparks. The Clippers played there until 2024.

Why was Staples Center renamed Crypto.com Arena?

The name change followed a $700 million, 20-year naming rights deal with the cryptocurrency exchange Crypto.com, one of the largest agreements in sports history.

How many people can Crypto.com Arena seat?

The arena seats about 19,000 for basketball, 18,000 for hockey, and up to 20,000 for concerts.

What major events are held at Crypto.com Arena?

It has hosted NBA Finals, Stanley Cup Finals, Grammy Awards, boxing championships, Olympic events, and memorials for major public figures.

Where is Crypto.com Arena located?

It is in downtown Los Angeles, adjacent to the Los Angeles Convention Center and part of the L.A. Live entertainment complex.