Cryptocurrencies in Gambling Estimated at $100 million

Sat, Mar 30, 2019

A new report puts the values of cryptocurrencies dedicated exclusively to gambling currently at more than $100 million, down substantially from a peak of $1.5 billion in January 2018. According to the report, gambling-specific cryptocurrencies are now starting to stabilize following a difficult year for the global cryptocurrency market.

Cryptocurrencies in Gambling Estimated at $100 million

A new report from CryptoGamblingNews.com puts the values of cryptocurrencies dedicated exclusively to gambling currently at more than $100 million, down substantially from a peak of $1.5 billion in January 2018.

The report concludes that gambling-specific cryptocurrencies are now starting to stabilize following an uneven year for the global cryptocurrency market.

“The 2018 peak was fueled by speculation, but what we are seeing now is the emergence of a handful of platforms that are finally live and accepting wagers in these cryptocurrencies. The prices have reacted accordingly as demand for the coins increases,” CryptoGamblingNews.com said in a press release.

“Gambling remains a key early use case for cryptocurrencies and blockchain technology,” the release said. “We are seeing these projects implementing some fantastic features that are simply not possible with fiat currencies, such as provably fair games, full decentralization and near-instantaneous withdrawals.”

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