The cryptocurrency gambling industry was thriving throughout all of 2019 thanks to an ever-growing number of tech-savvy users who are choosing the crypto-based online gaming platforms over traditional fiat-based gaming alternatives.
Thus, the expected growth of the industry is caused by the rising awareness of the users about cryptocurrencies and their practical benefits together with access to the faster Internet and active smartphone penetration.
Online Gambling Platforms
Moreover, recent research showed that there is a significant shift in the trend of establishing a strong online presence among online gambling platforms.
Now, these platforms are often resorting to social media like Facebook, Instagram, YouTube to expand their customer base and, thus, reach out to a higher number of potential customers across the world.
Such change together with support for cryptocurrencies allows gambling platforms to cater to people anywhere without having to think about region-specific banking and legal restrictions that go to gambling-related fiat payments. Apart from that, crypto payments have enabled secure transactions with several deposit and withdrawal options.
Crypto Gambling might be great in 2020 https://t.co/vkS8sNNb5F
— GamingSafe (@GamingSafe) January 7, 2020
Bitcoin Casinos
At the moment, there are many online cryptocurrency casinos that allow users to play online using Bitcoin and other major cryptos as a means of betting. The whole of the betting market can be divided into several categories: Betting, Casino, Poker, Lottery, Online Bingo, etc.
Without a doubt, online casinos from different regions have acquired the largest market share as of 2018. The overall growth rate of the online gambling market is about 13.2%. The major markets include Europe, Asia Pacific, North America, MENA, and South America. Australia is slowly but surely becoming a part of this group.
It is expected that the Asia Pacific region will become the leader in online gambling in the next few years. Increased adoption of cryptocurrency, together with the growing foreign investments and the rising popularity of mobile gaming among younger generations are only a few reasons for that.
Therefore, it is fair to conclude that online crypto gambling will become a major trend of 2020 and will provide users with even more explicit experience.
