Crypto.com Arena opened on October 17, 1999, as Staples Center in the heart of Downtown Los Angeles, anchoring the L.A. Live entertainment district at 1111 South Figueroa Street. Designed by architecture firm NBBJ and built at a cost of approximately $375 million, the 950,000-square-foot arena quickly became one of the busiest indoor venues in North America, hosting well over 200 events per year.
In December 2021 the arena was renamed Crypto.com Arena after Singapore-based cryptocurrency exchange Crypto.com acquired naming rights in a deal valued at $700 million over 20 years. The venue serves as the shared home of the Los Angeles Lakers (NBA), Los Angeles Kings (NHL), and Los Angeles Sparks (WNBA), and is scheduled to host artistic gymnastics and boxing finals during the 2028 Summer Olympics.
Stats at a Glance
- Location: 1111 S. Figueroa St., Downtown Los Angeles, CA
- Opened: October 17, 1999
- Teams: LA Lakers (NBA), LA Kings (NHL), LA Sparks (WNBA)
- Capacity (NBA): 18,910
- Capacity (NHL): 18,145
- Capacity (Concerts): Up to 20,000
- Construction Cost: ~$375 million
- Naming Rights Deal: $700 million over 20 years (Crypto.com, 2021)
A Home for Champions
Since opening, Crypto.com Arena has been the backdrop for some of the most celebrated championship runs in professional sports. The Los Angeles Lakers have won multiple NBA titles while playing here, and the Los Angeles Kings captured Stanley Cup championships in 2012 and 2014 on the arena’s ice. The building’s 162 private suites and 2,515 premier seats cater to a high-profile crowd that reflects the city’s entertainment culture.
The arena also holds the distinction of having been the only NBA venue simultaneously shared by two franchises — the Lakers and the Clippers — from 1999 until the Clippers relocated to the new Intuit Dome in Inglewood after the 2023–24 season. The record single-event attendance at the arena stands at 20,820, set during a Margarito vs. Mosley boxing match in January 2009.
From Staples Center to an Olympic Stage
The venue originally carried the Staples Center name under a corporate sponsorship agreement, becoming one of the most recognized arena brands in American sports. When Crypto.com’s $700 million, 20-year naming rights deal took effect on December 25, 2021, it ranked among the largest arena naming deals in history. The rebranding drew significant public attention and debate, reflecting broader cultural conversations about cryptocurrency’s growing footprint in sports.
Looking ahead, the arena’s profile is set to grow further when Los Angeles hosts the 2028 Summer Olympics. Crypto.com Arena will serve as the competition venue for artistic gymnastics and boxing, bringing global audiences to a building that has already hosted the Grammy Awards, major boxing cards, and playoff runs across three professional leagues.
Explore more: Explore more iconic stadiums.
Crypto.com Arena FAQs
What is the seating capacity of Crypto.com Arena?
Capacity varies by event: approximately 18,910 for Lakers NBA games, 18,145 for Kings NHL games, and up to around 20,000 for concerts and other large-scale events.
When did Staples Center become Crypto.com Arena?
The naming rights deal with cryptocurrency exchange Crypto.com was announced on November 16, 2021, and the Crypto.com Arena name officially took effect on December 25, 2021. The deal was reportedly valued at $700 million over 20 years.
Which teams play at Crypto.com Arena?
The arena is currently home to three professional franchises: the Los Angeles Lakers (NBA), the Los Angeles Kings (NHL), and the Los Angeles Sparks (WNBA). The Los Angeles Clippers were also tenants from 1999 until 2024, when they moved to the Intuit Dome.
Get More from Crypto.com Arena
log the coasters, stadiums, and venues you’ve experienced, rate Crypto.com Arena, and see what your friends thought. Get the ThrillZing app.
Photo: Troutfarm27 / CC BY-SA 4.0, via Wikimedia Commons.