Crypto Casinos See Significant Growth, but Trust Remains a Hurdle
The rise of crypto casinos has been one of the most intriguing storylines in global iGaming. The largest crypto casino, Stake, could perhaps lay claim to being one of the biggest operators in the world.
Crypto is being adopted far beyond just a payment method; for many users, crypto is a lifestyle choice and part of their digital identity. Those brands who have won out in the niche have been those willing to fully embrace crypto as a brand identifier.
According to 6wresearch, crypto is growing at roughly a 12 to 15% CAGR, compared to traditional online gambling's 11.9%. Olga Karablina, Chief Payment Gateway Officer at GR8_TECH, explained that 'slowly, we are seeing an increase in crypto volumes.'
'In some countries and geos, crypto is more preferable,' Karablina said. 'It can also be segmented by player type, deposit or withdrawal amounts, country-specific regulations, or payment speed in particular countries.'