The cryptocurrency-based online casino market has seen steady growth over the past few years; experts have assessed that gambling orientated cryptocurrencies command a value of around $150 million.
This survey also found that the crypto-based transactions per day have surpassed $3 million, whilst the count of players who prefer using blockchain casinos has exceeded 30,000 on a per week basis.
According to experts, the overall size of the international gambling market is only set to rise further and is set to increase by around $100 billion in the next year. In a recent survey, the size of the crypto gambling sector has eclipsed the entire gambling industry in the last quarter of 2020 by a margin of 6%.
Crypto based online casinos do offer some advantages to players. One of the biggest advantages is that players don’t have to validate their identity before playing. This will allow players to retain some privacy, which is a big plus for those playing in restricted countries using a VPN.
The other major attraction of crypto-based is that it provides players with an added layer of security when playing. This means that players will feel more comfortable playing any of their favourite games offered by these crypto-based casinos. At the moment, the user experience still requires some work, but it’s improving slowly but surely.
The demand for more cryptocurrency-based casinos is rising, and a large number of players are looking for their favourite online casinos, such as Vegas Spins, to pose more of a crypto-friendly approach to the funding methods. Operators are looking into various options to help fulfil these demands.