"Red Bull believed in me and gave me the opportunity to start in Formula 1 which I have been very grateful for," said the Dutchman.
"I want to win with Red Bull and our goal is of course is to fight for a World Championship together."
There was speculation that Verstappen was moving to Mercedes of Ferrari but now that he has decided to remain and fight for the title with Red Bull all speculations are dead.
He was the youngest ever winner in F1 history in 2016 when he won the Spanish Grand Prix at age 18.
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