UK gaming business has benefited from crypto
The UK has a real affinity towards gambling. Online gambling has been a favourite pastime for many within the UK over the years. UK gaming business has benefited from the use of cryptocurrency.
UK iGaming market is over 25 million strong. 10.5 million of those gamblers are turning to online platforms. The main demographic is between 44 and 66 years old, but the age bracket between 25 and 34 is on the rise. A quarter of them gamble online each month. People between 35 and 54 years contribute to 22% of monthly online gambling. UK gambling market worth around £14.3 billion annually. 38.6% revenue is provided by online activities.
The introduction of cryptocurrency casinos has brought a number of benefits to gamblers in the UK market. Some people were hesitant when making an online transaction as they were afraid their details could be stolen or hacked.
Cryptocurrency is a form of digital tokens that is used to gamble. It offers a lot of security and privacy benefits. The transactions are decentralised and transparent. There is no need to enter any details into the online casino. It is cheaper and quicker than traditional payment methods. UK gaming business has benefited from using crypto. They do not need a fee on withdrawal or deposit.
UK gaming business has benefited from the introduction of cryptocurrency gambling. Cryptocurrency gambling is a trend that the UK gambling market should expect to see for a long time to come.