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Gambling-focused cryptocurrencies valued at more than $100m

George Miller

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Gambling-focused cryptocurrencies valued at more than $100m
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Cryptocurrencies dedicated exclusively to gambling have a combined market capitalization of more than $100m, according to research from CryptoGamblingNews.com.

While the cryptocurrency market has suffered a tough 12 months, investors are still backing gambling coins to the tune of nine figures.

The top 10 gambling-focused cryptocurrencies currently hold a combined value on trading exchanges of $86.7m. With dozens of other gambling coins also being traded, the total sector is worth over $100m.

The leading crypto gambling project by market capitalization of its cryptocurrency is currently FunFair Technologies, a B2B blockchain gaming platform launched by Jez San OBE. Its coins are currently valued at $29m, according to data from CoinMarketCap.com.

FunFair is followed by decentralized sportsbook platform Wagerr ($15.1m) and decentralized casino platform Edgeless ($12.5m).

The cryptocurrencies are actively traded on a number of exchanges, including the world’s largest exchange, Malta-based Binance. FunFair’s FUN token reported trading volumes in excess of $8m over the past week alone.

Despite the impressive figures, the values are significantly down on the January 2018 highs, when gambling cryptocurrencies held a combined value in excess of $1.5 billion.

A spokesperson for CryptoGamblingNews.com, the leading portal for news from the crypto gambling sector, said there are early signs of a recovery.

“The 2018 peak was fuelled 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,” the spokesperson said.

“Gambling remains a key early use case for cryptocurrencies and blockchain technology. 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.”

Gambling-focused cryptocurrencies are distinct from the broader crypto gambling sector, where Bitcoin remains dominant.

By some estimates, around half of all Bitcoin transactions are gambling related, with billions of dollars’ worth of Bitcoin gambled each year.

However, while Bitcoin operates simply as an alternative payment method, projects such as FunFair, Wagerr and Edgeless have built entire platforms upon blockchain technology.

CryptoGamblingNews.com is the world’s leading portal for crypto gambling, visited by thousands of industry professionals, crypto traders and players every month.

 

About CryptoGamblingNews.com:

CryptoGamblingNews.com is the world’s leading portal for crypto gambling, visited by thousands of industry professionals, crypto traders and players every month.

George Miller started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

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Cryptocurrency

Sportsbet.io expands cryptocurrency options with Litecoin integration

George Miller

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Sportsbet.io expands cryptocurrency options with Litecoin integration
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Leading online bookie reacts quickly to customer feedback and adds further alternative currency options alongside Bitcoin and Ethereum

 

Following popular customer demand, leading multi-currency sportsbook, Sportsbet.io has integrated Litecoin, further enhancing its range of extensive alternative payment capabilities.

Sportsbet.io players can now deposit, play, win, and withdraw in Litecoin, adding to the already vast array of cryptocurrencies available such as Bitcoin, Ethereum, and SOC coin, as well as 11 traditional fiat currencies including Euros.

After reviewing feedback from various player forums, the Sportsbet.io development team noticed a growing demand for Litecoin.

In line with the Coingaming Group’s core goal to offer a fun, fast, and fair experience with full accessibility to all its customers, the team quickly delivered and now boasts an even wider variety of currency options.

Sister casino site, Bitcasino.io, integrated Litecoin into its pioneering crypto gaming offering in February 2019 seeing deposits increase by 22%.

Launched in October 2011, as a spin-off to Bitcoin, Litecoin is the world’s third most popular altcoin behind Ethereum and Bitcoin and offers players rapid processing speeds and importantly, lower transaction fees.

Joe McCallum, Director of Sportsbook at Sportsbet.io, said: “This is just another example of how we always follow up on customer feedback and offer new features that other sportsbooks don’t have.

Every step we take at Sportsbet.io is made with our players in mind, it only makes sense to integrate more currency options, fiat and crypto, to make our site even more fun, fast and fair for all.”

Earlier this year the leading online bookie announced its sponsorship debut ahead of the Sportsbet.io CONIFA Euros 2019, set to take place in June this year.

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Cryptocurrency

Amelco launches FinXpress

George Miller

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Amelco launches FinXpress
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Innovative product to enable punters to bet on short-term movements of bitcoin

 

Amelco, the leading sports betting software and trading services provider, has announced the launch of a one-of-kind Bitcoin betting product that allows punters to bet on the short-term fluctuations of the cryptocurrency over a set time period, such as a minute.

Operable as an extension to Amelco’s singular platform used by sportsbooks, it has been created to complement existing betting features – such as a lull during half-time of a football match, where punters will be able to make quick bets on the movement of bitcoin as it fluctuates over a short time scale.

Designed to be integrated into the existing Amelco Trading System (ATS) already used extensively by major sportsbook operators, it is set to offer an entertaining, side-betting option as part of a main event, or for a quick, enjoyable ‘gamified’ betting experience in its own right – with the chance to enjoy a quick win at any time.

Commenting on the launch, Amelco’s Head of Global Financial Products, Justin Head, said:

“We are very excited to be launching FinXpress, an entirely new type of side-bet that will keep punters entertained during betting lulls.

“Compulsive viewing and engaging, it is user-friendly and has no hidden extras – simply offering broker-free betting fun on the volatility of cryptocurrency.

“The best part is that Bitcoin never sleeps, so punters can have a simple, affordable bet whenever they fancy, with the chance to know if they’ve won in as short as minute.”                                                                                                            

Available as part of Amelco’s existing platform and designed to be as easy to use as possible – it will be expanded to also offer short-term bets on other financial indices, such as currency, oil and gold in the near future, introducing punters to a completely new way to bet on the financial markets in the most engaging way possible.

With more than a decade of experience in supplying tailored software solutions for pricing, trading and execution, Amelco provides bespoke enterprise sports betting and trading platforms to a large number of leading sportsbooks around the world.

 

About Amelco:

Founded in 2006 by veterans of the global financial sector, Amelco builds bespoke trading and sportsbook solutions for the sportsbook industry’s tier-1 operators.

Headquartered in the City of London, Amelco utilises the best technical talent available to supply some of the most cutting edge modular and end to end solutions ever seen in the industry. Born out of a history of building software solutions for pricing, trading and execution platforms in the fintech sphere, Amelco is the supplier of choice for a number of the industry’s tier-one multi-territory tier-one operators, including Paddy Power Betfair, GVC and BetStars.

 

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Cryptocurrency

SoftSwiss boosts games portfolio with Nolimit City announcement

George Miller

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SoftSwiss boosts games portfolio with Nolimit City announcement
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Nolimit City launches content portfolio on SoftSwiss platform

 

Online Software Provider, Nolimit city, signed their latest content distribution deal with the renowned online Crypto platform, SoftSwiss. This deal comes right after the latest announcement of Nolimit’s latest game release ‘Starstruck’. SoftSwiss is a leading Whitelabel and casino platform that have become synonymous with enabling some of the most interesting casino brands out there.

Players on SoftSwiss’ expansive network will now gain access to titles such as; Hot Nudge, Tesla Jolt, Kitchen drama – Sushi mania, Oktoberfest, Casino Win Spin, Fruits and upcoming titles such as Tombstone. Each game has been developed in HTML5 and comes with high end graphics, exciting sounds and solid math mechanics.

Nolimit City slots are offered via their own platform, which means they can be integrated directly to partners with a range of interesting platform features. The games also run seamlessly across desktop, mobile and tablet devices.

Malcolm Mizzi, Head of Sales at Nolimit City, said: “The people behind SoftSwiss come with multiple years of experience and true knowledge of the industry. They have the skillset met with the ambition to drive a great business partnership and we are eager to see Nolimit’s high-quality games added to their ever-growing portfolio. We are truly proud of having the leading Crypto Currency platform in our partner list”

Max Trafimovich, CCO for SoftSwiss added: “The team behind Nolimit City seems to have no shortage of ideas. We love their youthful and bold approach to game development and are confident their game portfolio will take a prominent place among the 30+ hand-picked content providers we supply as part of our Game Aggregator.”

 

About Nolimit City:

Nolimit City is a Malta,Stockholm,India-based online casino platform and game developer, offering high-quality content and services to operators around the world. The company has designed and developed its platform in-house from the ground-up; delivering a strong and powerful engine that can take large volumes of play and social interaction in its stride, on both desktop and mobile. It is coupled to an innovative back office and bonus toolbox, providing a one-stop shop for our partners. It is hugely flexible, and can be tailored to individual operator requirements and needs. We employ some of the smartest minds and artistic talents in the industry; people passionate about gambling and technology. They have helped us to create a portfolio bursting with fun and engaging games.

About SoftSwiss:

SoftSwiss is a tech company developing products for the iGaming industry. It offers widely acclaimed, certified software solutions for managing online casino operations. The company holds remote gaming licenses and certificates from a number of jurisdictions, and supplies its solutions to clients worldwide. Fun fact: SoftSwiss introduced its Bitcoin casino platform in early 2013, a unique software product at the time. The company is still regarded as one of key experts when it comes to the use of cryptocurrencies in gaming.

 

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