Pnxbet claims $40m+ payouts in H1

Published Jun 23, 2020
[2 mins read]
Cryptocurrency operator Pnxbet has hit a new milestone, paying out over $40 million to consumers in the first half of 2020. Having gone about its day-to-day business quietly, Pnxbet has announced the news in a recent press release as it looks to spread the word.
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According to the press release, Pnxbet has paid out the sums in the form of various bonuses and as the result of successful bets.

The platform stands out through its use of instant deposit and withdrawal transaction times for cryptocurrencies and expedited payment options for FIAT money.

Assuming Pnxbet’s information is correct, they have registered an interesting achievement. With the platform launching in November 2019, and with the world of sports coming to a standstill as early as February, Pnxbet has posted some impressive numbers.

The press release specified that Pnxbet relied on esports during the time sports events weren’t so readily available.

Many established cryptocurrency bookmakers have done the same with Cloudbet releasing a next-generation website and FortuneJack bolstering its own offer of markets by adding competitive video gaming.

According to Pnxbet’s latest status update, the platform has prospered in the Southeast Asian (SEA) market, where Pnxbet has 100,000 registered users in countries such as the Philippines, Thailand, Vietnam, and Malaysia.

With steady numbers, Pnxbet is well-poised to expand its growth. Upon examining the official website, CryptoGamblingNews found that Pnxbet is licensed in Curacao.

The website has a mandatory 18+ requirement for anyone who wishes to try any of the available products, which include traditional casino gaming, live casinos, sports, and in-play options, esports, virtual sports and more.

We look forward to seeing further positive results for burgeoning crypto operators, and should these numbers be true, they’re well on their way to competing with more established names, such as 1xBit and 7BitCasino.

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CGN senior journalist 

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