Cryptos are famous all around the world for quite some time already. Since the very first moment when Bitcoin was introduced to society, many adopted it straight away, while others carefully observed the workflow.
Despite many dubious concerns and the yet unsure politics towards the Bitcoin and generally crypto world, many companies and individuals have fixed their votes in favor of the crypto world.
The crypto industry is vast, and it should increase even more time by time. As more companies and people adopt cryptos as one of their payment methods, the crypto market is enhancing, and more currencies pop up to the market.
The crypto demand significantly increases with the enormous industries taking crypto directions. A clear example of that can be gambling and trading.
The Giants Have the Ball
While talking about crypto adoption, it should be mentioned that while many companies accept BTC payment methods, some remain skeptical and reluctant. Though the ones who stepped in have not lost anything, on the opposite, they have gained a lot of new clients and way more income. The trading industry is one of the biggest.
The massive crypto trading dates already half of the decade. Many forex brokers, as well as stockbrokers, encourage customers to trade with cryptocurrencies. There are several reasons for that. While other offline currencies such as USD and EUR experience hardcore fluctuation and inflation during the political and social changes, the BTC remains untouched.
It does not inflate, which is a great comfort and makes everyone more confident in their buy and sell opportunities. According to the top forex brokers website, the crypto traders have way more options with relative comprehensible rates and deposit bonuses.
Moreover, the amount of clients willing to invest more has significantly increased within the past several years, which again outlines the popularity of cryptos and engagement in the market.
Another industry, which is one of the giant players in the market, is the gambling industry. Once the online casinos have been opened to the broader society, people became more engaged in gambling. Besides, gaming has become one of the most common activities for many players.
The Bitcoin Online Casino Sites
While online casinos are top-rated among people, especially now that the offline casinos have been closed for quite some time. It is somewhat uncertain whether they open shortly; the online casinos have taken all of the credits.
It is a very logical alternative for the brick and mortar casinos, as the players have unlimited options for the casino games and massive comfort with the payment methods.
Interestingly, the online casinos that have adopted crypto payment methods are even more popular than the ordinary online casinos, which only support regular payments.
It should also be mentioned that some of the online casino providers have entirely switched to blockchain technology, offering gamblers fully established crypto casinos. The perk of the fact is the anonymity of the transactions, which is very important for the clients, incredibly banking wise.
Global Sports Betting Sites
To be more specific and take real-time examples, let’s talk about Flutter Entertainment. The Flutter is a global sports betting, gaming, and entertainment provider for over thirteen million customers worldwide. It is a worldwide business with holding companies.
The range of international brands and operators includes Paddy Powers, Betfair, Pokerstars, Sky Bet, Sportsbet, FOX Bet, FanDuel, TVG, and Adjarabet. Those are the most famous names in the gambling and betting industry in almost every country, where people are keen on gambling.
The most recent acquisition of the Flutter was the FanDule, which is one of the biggest and the most well-known names in the world of sports betting. Flutter has had a relatively easy ride upward this year since the March selloff, so now the major point is whether there is any more upside from current levels.
All of the companies owned by Flutter are about providing diversification in the business model. Once more countries and states legalize gambling, the room for development shall even grow more significant.
Annual Changes
Some more reasons why Flutter is very popular and has experienced more significant growth within the past several years is that the online betting websites and casinos operated by Flutter support BTC payment methods, which increased the popularity among BTC users. The shares of the company in the stock market have increased by almost one million.
Taking the share price for the last six months, the peak was at the 13.835 GBX index, highlighting the provider’s popularity and setting the silver lining on the payment and holding diversification methods.
Within the previous six-month period, the company has enlarged by purchasing two significant players on the International market: FanDuel and Adjarabet.
Though the pandemic has affected everyone, and the flutter was no exception. Yet, even during the global crisis, the company managed to hit 53.34% in the yearly change.
Bitcoin support has contributed to the overall growth. It has shown that the players in the market are very eager to make safe and anonymous transactions via cryptos, even for gambling or betting purposes.
One way or another, the gambling and trading industries remain to be the giants on the global market. The popularity of cryptos is increasing daily, especially with the global crisis outlook.
It is why many companies rush into supporting and accepting cryptos. One more example is PayPal, which is one of the biggest online financial platforms, which also decided to be crypto-friendly and added the BTC payment and transaction method.
