Cryptocurrency gambling traffic increased three-fold between 2019 and 2020, according to data analysis by game aggregator SoftSwiss.
Bitcoin remained at the forefront as the preferred gaming currency, with 90% of all transactions to gambling websites that accepted crypto carried out in BTC.
Meanwhile, the remainder of the traffic was shared between Ethereum and Litecoin. The most active markets out there were Russia Canada, and Latin America, which are traditionally known for their strong ties to the esports betting industry.
With crypto gambling picking up, and the 2020 pandemic forcing a shutdown on many traditional sports, more crypto payments went towards esports bookmakers as well.
Commenting on the company's findings, SoftSwiss' Andrey Starovoitov said: “Bitcoin is no longer exotic. In the coming years, we expect to see even more gaming studios supporting cryptocurrencies in their games, as well as casino operators integrating new crypto payment methods for their players.”
SoftSwiss registered a spike in esports betting traffic as well, suggesting bettors are keen on spending a pretty penny on wagering on competitive video gaming.