Cryptocurrency gamblers continue to rise in numbers

Study finds 30,000 crypto enthusiasts place bets each week - more than 337 bets a second

Crypto gamblers place an average of 337 bets per second with 30,000 placing bets weekly.

That’s according to new figures by BanklessTimes.com who claim the rise of crypto casinos and sports betting sites is seeing a rise in crypto gambling.

Alice Leetham, the site’s crypto expert, said: “With the newly found acceptance in digital assets, crypto gambling is making way for itself in our lives. 

“The rise of crypto staking is a true reflection of our technology advancements and constantly evolving playing preferences. 

“The global gambling arena's future is gradually leaning toward blockchain, and we expect to see more crypto casinos open.”

There are a number of reasons adoption rates in crypto gambling continue to rise steadily despite many countries already having an abundance of mature gambling offerings to try.

This includes players seeking more privacy they crave as well as the enhanced sense of securing security and privacy you receive from the operator while doing transactions on the Blockchain.

The global gambling industry was valued at $279.3 billion at the beginning of the year and brands such as Stake.com and sportsbet.io are working hard to take their slice of the market.

However, it’s not all plain sailing for these new crypto-betting brands. Earlier this month,  Stake.com found itself in the spotlight as it experienced a staggering $41m in withdrawals in what blockchain security experts have dubbed “suspicious outflows.”

Looking for your next crypto casino? Check out Mega Dice or FortuneJack!

Written by David Kent

David has more than a decade of sports betting and sports writing experience working with some of the biggest names in the industry. He focuses on articles covering these subjects including how crypto is transforming sportsbooks.

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