Why Crypto Gambling Rises When Crypto Markets Fall

Two open chests with coins coming out of them. Two explorers are standing to the sides and above all the word "Games".
Updated on August 10, 2023
Provably FairCrypto

Every year, more than 1 billion people place bets on their favorite teams, players, and events across the world’s casinos. That being said, in recent years, many experts have been predicting the rise of iGaming and how Blockchain technology can reshape the industry as we know it today. The competition in an industry that in 2021 reached 231 billion U.S. dollars is fierce, so innovation is key when it comes to staying alive in this fast-growing field.  But which are the main reasons that make gambling games rise when crypto markets shake? Let's dive in!

Crypto Market Volatility vs. More Gambling Legalization

One of the most common questions asked within the community is why do you see an increase in gambling when the markets are down? There are a few factors that play into this, but the biggest one is volatility. As crypto markets become more volatile, more and more countries are legalizing gambling. This is because people are looking for ways to hedge their bets and make money from fluctuating prices. The benefit of crypto withdrawals being so fast is also an incentive for players looking to make a buck or two out of turmoiled markets: players who won and wish to trade their winnings before the markets change can do it in minutes if they withdraw in crypto.

Innovation in Gambling Experience

IGaming is expected to grow exponentially in the near future because users are searching for more secure options to place their bets. The search for better choices is making crypto gambling up the ante continuously. For instance, developers are now incorporating AI to upgrade iGaming experience. With the aid of AI, software engineers can analyze audience behavior and use the data to create games and features that will guarantee the users’ satisfaction. But customer satisfaction is not the only benefit of using AI in gaming. The technology can help developing companies create a healthier environment for players by generating tools that detect unhealthy behavior, thus protecting those most vulnerable.

Players Focus On Provably Fair Systems

When it comes to choosing iGaming platforms you can trust your money to, more and more players are focusing on provably fair casino systems. This is because the transparency and anonymity of Blockchain-based transactions tip the scale in favor of crypto casinos. Plus, trusting a site is not an issue anymore when checking the fairness of all bets is a possibility.

BitKong smiling and doing the peace sign with both his hands. On top, the BitKong logo.
Put the best iGaming platform to the test!
BitKong is the only 100% iGaming platform in the market.
Table of contents
All the games we offer are in-house and designed to be provably fair, allowing you to confirm their fairness at any time.
Related posts
Our Best Online Casino VIP Program: Become Priority Now at BitKong
The Best No Deposit Bonus: How to Earn Free Crypto at BitKong
Avoid Getting Scammed: How BitKong Casino Protects Your Gaming Experience
The Best Wallets for Gambling at BitKong
Play With Crypto: List of Accepted Currencies at BitKong Casino
High on Fun: BitKong's "Plinko" Game Is on Its Way
Fair Gaming: Find Out About BitKong's Dual Seeding Event for Crash Game