The post Crypto Gambling Over the Years: Is It Still a Thing?    appeared on BitcoinEthereumNews.com.

It’s not new that crypto has become extremely popular. After all, the crypto community gathers over 800 holders in 2024. And among all the activities available, crypto gambling seems to be a key player in the industry’s revenue.   With hundreds of crypto gambling platforms available, this concept might be the thing for crypto users.   But is it, though, considering the innovations in the crypto industry?  What makes crypto gambling so popular, how has it progressed in the past years, and how much of a thing is crypto gambling in 2024?    Early Days of Crypto Gambling Crypto gambling and casinos emerged in 2012, and since then, there have been many upgrades and updates in the industry, offering users many new opportunities.    The first online Bitcoin casinos allowed users to use BTC to bet and play, reaching new heights with each passing day. SatoshiDice, for instance, was one of the first platforms to process 5.3 million BTC worth of bets in only one year.   At that time, this was valued at around $500 million, and for a crypto platform in its early days and in crypto’s early days, it was a significant achievement.      Advantages of Gambling with Crypto  As crypto gained more attention, so did crypto-based gambling. These days, if you take a quick look at the best Bitcoin online casinos, you’ll see platforms that support tens of payment methods, collaborate with hundreds of game providers, and hold numerous licenses and certifications from various key entities. Some even introduce sports betting or allow players to bet on political events.    One major advantage that crypto casinos offer and that has probably contributed the most to the industry’s growth is the concept of provably fair games.     Unlike traditional casinos, where players must trust the platform’s fairness, crypto casinos use blockchain technology to ensure transparency…

---

Filed under: News - @ October 16, 2024 9:22 am