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A Game Changer: How Crypto Transformed the Online Betting Scene | IDOs News




Blockchain and cryptocurrency integration have revolutionized the online betting industry, bringing about significant changes. Understanding how blockchain technology is transforming the world of online betting is essential because it’s the primary force behind this revolution.

In this article, we will introduce the concepts of cryptocurrencies and blockchain technology and spotlight their impact on the online betting industry and the added value it has gained because of them.

The Rise of Cryptocurrency in Online Betting

Cryptocurrency has grown into a powerful force in the online betting industry. In the past, traditional currencies were the exchange medium in online betting platforms and land-based casinos; however, dealing with intermediaries often resulted in additional fees and delays.

The convergence of cryptocurrency and online betting was a memorable moment. The world of online betting had met the world of traditional betting, and the possibilities seemed limitless. Integrating digital currency with online betting platforms created a new ecosystem, a hybrid space where gambling and financial technology collide.

With cryptocurrencies, transactions became cheaper and faster for bettors, who were spared the inconvenience of lengthy withdrawal procedures and high transfer costs. Privacy has also increased due to pseudonymous transactions.

Crypto betting enables many benefits for players and online casinos, including increased privacy, security, anonymity, and fast transactions. Traditional currencies have their place too, and players must learn about the pros and cons of crypto betting on casinos to ensure they choose the right currency options for them.

Understanding Blockchain Technology

Blockchain has a decentralized ledger system that functions similarly to a digital journal but is distributed across a vast computer network, creating an uninterrupted data chain. As a result, blockchain maintains information validity and security.

Imagine a large global computer network, with each computer acting as a node. A transaction is similar to a ripple passing through a pond: your transaction, or ripple, spreads throughout the network. Blockchain prevents foul play by ensuring all network members have the same view of transactions; therefore, its security is built into its core structure.

Decentralization and Transparency

Cryptocurrencies and blockchain technology have brought a new era of openness and decentralization, transforming how transparency is perceived in gambling transactions.

Traditional betting systems usually depended on intermediaries like banks or payment processors. These middlemen increased the cost and slowed down the betting process. However, the emergence of decentralized ledger technology and blockchain has fundamentally altered this environment.

The distributed ledger technology makes every transaction safe, transparent, and unchangeable. Bettors can verify the fairness of the games and the results of their wagers to ensure the platform isn’t rigging the games. Examples from the real world provide compelling evidence of how blockchain affects online betting transparency. Imagine a situation in which a user wagers on a platform based on blockchain technology. All users can view the specifics of this wager since they are entered into a public ledger.

Anonymity and Privacy

Crypto transactions offer more privacy and anonymity than traditional payment methods due to the pseudonymity of cryptocurrencies. When online players make a cryptocurrency transaction, their identity is not directly linked to the transaction. Instead, the transaction is associated with a unique cryptographic address. When a player creates a cryptocurrency wallet, the address gets assigned and is not linked to their real name or other personal information.

Security Enhancements

Blockchain technology has revolutionized the field. Several cryptographic techniques are being used in the security aspects of online betting to guarantee the protection of user information, money, and transactions.

The blockchain’s cryptographic foundation comprises several layers, each intended to protect a distinct aspect of the online betting market. The blockchain layers include digital signatures, hashing algorithms, and public and private keys.

One of the premium features of blockchain security is its ability to use cryptographic techniques to protect user information, financial assets, and transaction records. Network participants encrypt and validate each bet transaction on the blockchain using public and private keys.

The blockchain has completely changed the game by lowering fraud risks and guaranteeing an even playing field. The transparent and trustless nature of blockchain verifies every transaction through cryptographic mechanisms.

Global Accessibility and Borderless Betting

Geographical limitations and differing laws have historically posed serious obstacles for bettors everywhere. However, cryptocurrency’s borderless nature has changed the game.

In many locations around the world, people can bet on their favorite sports games and gamble online using cryptocurrencies instead of regular money, this is possible because transactions involving cryptocurrencies are not limited in the same way as transactions involving traditional payment methods.

There are more coins still launching in the modern age, and new ways of creating crypto, such as Shiba Memu, the first Memecoin to use AI in its development.


While crypto betting is still relatively new, it has a bright future with huge potential. Blockchain technology and cryptocurrencies have revolutionized the online betting and gambling industry, empowering players with increased security, transparency, accessibility, efficiency, and fairness.

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The slot games to try out in early 2024 | IDOs News




Every year slot game developers release hundreds of new slot games, each with their own creative theme, special features and bonus offers. 2024 is set to be another fantastic year in slot gaming with a whole host of new games, as well as popular current slots available for players to enjoy online.

History of slot games – 19th century to the present day

Slots have been around for far longer than many players may realise, in fact one of the very first slot machines was created in the late 19th century in New York City by Sittman and Pitt. Players would insert a nickel into this machine and pull a lever to turn the drums.

The first automated slot machine was designed soon after by Charles Augustus Fey. These early machines were very different from the slot machines you will recognise today, the Operator Bell produced by Herbert Mills from 1907 shares more similarity with its design and classic fruit symbols.

Following the development of the internet towards the end of the 20th century, slot games have been reimagined for the web and have skyrocketed in popularity over the last three decades. There are now thousands of thrilling slots to play online on casino and slots sites.

Ready to enjoy some online slots but not sure where to start? We take a look at some of the best games available in 2024 and highlight what makes each of these slots worth trying out:

Top online slot games to try out in 2024

Lucky Lady’s Charm Deluxe

First up is lucky lady charm, a new slot developed by Novomatic with five reels and ten paylines. If you enjoy magic and fairies you will love the look and feel of this slot with its charming pink design and luck-themed symbols.

These symbols include a rabbit’s paw, horseshoe, coin, ladybird and clover leaf. Also, the crystal ball is a scatter symbol and if you find three crystal balls, you will be rewarded with 15 free spins.

One symbol you will certainly want to look out for is Lady Luck herself, two of these symbols together will get you a payout. Lady Luck is also a wild, meaning that it doubles the winnings when replacing other symbols to make a winning combination.

This slot has a return to player percentage of 95.13 percent and has high volatility.

Book of Dead

Major slot developer Play’n Go has released a Book of Dead slot as part of its ‘Book of’ series, a game with a fascinating story behind it. Rich Wilde journeys to sandy dunes of Ancient Egypt where he comes across a tomb containing the secrets of the world between life and the afterlife.

The expanding symbol is the focus on this game. Firstly, finding three scatter symbols will give you access to free spins and then you can look out for the special expanding symbol.

If you’re lucky enough to find three or more scatter symbols you can re-trigger the free spin bonus and even get an additional ten free spins on top. The return to player percentage for Book of Dead is 96.21 percent and you can be in with the chance of winning 5000 times your original wage amount.

Invaders from the Planet Moolah

There has been an invasion of aliens of bovine origin on our planet and these pesky creatures have been stealing livestock from farms for an unknown reason. This thrilling cascading reels slot has a maximum jackpot of 3,750 coins.

Part of this games appeal is its unique theme. You will be immersed in the game with alien sound effects and galaxy background with flying saucers and cow pilots next to the slot reels.

If you fill up the eight spots on the cascading reels you can win yourself up to 50 free spins. The return to player percentage for this slot is a healthy 96 percent.

Sahara Riches Cash Collect

Another Eastern themed slot on the list is Sahara Riches Cash Collect, a five reel game with 30 paylines. Unlock the cash collect symbols to get more chances to win some cash prizes and more gameplay opportunities.

The symbols in this slot are a fun Arabian Nights theme, including diamonds, swords, camels, sand timers and chests of gold. This slot has a return to player percentage of 95.67 percent.

Sahara Riches Cash Collect is simple and fun to play, making it perfect for both new and more experienced slot game players.

These are just some of the online slot games that are likely to be popular in the early months of 2024, there are thousands of games to choose from and new titles are released all the time.

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How To Manage Liquidity on Crypto Platform? Review 5 Liquidity Providers | IDOs News




The role of liquidity providers has become increasingly vital in the cryptocurrency industry. These entities protect smooth market operations, cherish trade efficiency, and continue overall stability. We’re about to embark on a journey where we dissect the intricacies, explore the nuances, and reveal the untold stories of these financial architects.

Before we set sail, picture this: a tailored, secure, and seamlessly integrated crypto wallet, designed to elevate your trading experience. This is all about a white label crypto wallet from Merkeleon. The company has developed software for the crypto industry since 2013 and has a lot of expertise to offer.

Understanding Crypto Liquidity Providers

Ever wondered why some crypto trades glide effortlessly while others stumble? Here’s a jaw-dropping revelation: a whopping 90% of market liquidity is controlled by just eight crypto exchanges. Yes, you read that right – eight! Picture the crypto market as a colossal symphony, and these exchanges are the conductors orchestrating the grand performance.

Now, let that sink in. Eight exchanges hold the reins to 90% of the market liquidity, dictating the rhythm of the entire crypto orchestra. But wait, there’s more to this intricate dance. Have you ever wondered who covers the smooth flow of this liquidity river?

Role of Liquidity Providers

Liquidity providers are the backstage magicians, responsible that the crypto show goes on without a hitch. But what does “liquidity” really mean in this context? It’s the lifeblood of trading – the ability to buy and sell an asset without causing a significant price change.

Now, imagine this: You’re at a bustling market, and you want to sell a rare gem. The more potential buyers there are, the higher the chances of selling it at a desirable price, right? Liquidity providers create that bustling market in the crypto world. They inject liquidity, facilitating trades, and ultimately keeping the crypto gears well-oiled.

Here’s where it gets interesting. The crypto market is like a dance floor, and liquidity providers are the dance partners, guaranteeing a flawless tango between buyers and sellers. Without them, the dance becomes a stumble, and traders are left in a chaotic limbo.

Market Maker vs. Liquidity Provider

As you waltz deeper into the crypto cosmos, you encounter a perplexing duo – market makers and liquidity providers. Imagine them as the Fred Astaire and Ginger Rogers of the crypto dance floor, each with its unique steps, twirls, and rhythm. Let’s untangle this dilemma and understand the nuanced artistry behind these two players.

Who Are Market Makers?

Market makers are the maestros, the ones who craft the market’s choreography. They stand ready to buy or sell assets at any moment, creating liquidity by being perpetual participants in the market.

Think of market makers as the bold dancers who never leave the dance floor. Their continuous presence certifies that there’s always someone to trade with, injecting life and vitality into the market. It’s a daring performance – they buy low and sell high, juggling assets to strike balance and keep the dance in full swing.

Who Are Liquidity Providers?

While market makers set the stage, liquidity providers seize the spotlight by providing a constant flow of liquidity. Their chief function is to uphold trading by cinching there is a constant flow of assets available for buying or selling. They accomplish this by placing a multitude of limit orders on various assets, acting as a safety net for traders.

Liquidity providers act as the backbone of market efficiency, shortening bid-ask spreads, minimizing slippage, and boosting an environment where traders can execute orders smoothly. In essence, they are the behind-the-scenes architects who control the ebb and flow of the market.

In essence, market makers and liquidity providers complement each other like lead and supporting actors. So, market makers set the rhythm, while liquidity providers arrange a graceful and harmonious performance.

The most common application for market makers and liquidity providers is a crypto exchange. Implementing crypto exchange software solutions from Merkeleon you can start a liquid platform. The software is integrated and features inbuilt liquidity providers.

Efficient Liquidity Management

Handling the volatile crypto dance floor requires a strategic approach. Here, we unveil important strategies and tactics to manage and enhance liquidity on a crypto platform.

Strategies to Improve Liquidity

  • Market promotion: actively promote your platform to attract a diverse pool of traders. A vibrant and engaged community can significantly contribute to liquidity;
  • Asset diversification: expand the range of tradable assets on your platform. A diverse portfolio engages a broader audience, advancing liquidity;
  • Collaboration with liquidity providers: forge strategic partnerships with established liquidity providers. This inspires a constant influx of liquidity and improves the overall trading experience for users;
  • Algorithmic trading: implement algorithmic trading strategies – trend following, mean reversion, arbitrage, sentiment analysis, etc. – to automate the execution of trades. This not only boosts efficiency but also contributes to keeping liquidity during various market conditions.
  • Incentive programs: introduce incentive programs for liquidity providers and active traders – trading fee discounts, loyalty programs, referral programs, token airdrops, participation in governance, etc. Rewarding participants can stimulate liquidity by encouraging more trades and market-making activities.

Tactics to Address Liquidity Challenges

  • Real-time monitoring: employ advanced analytics and monitoring tools – market depth charts, volume analysis, order flow analysis, volatility indicators, etc. – to estimate liquidity in real-time. Swift identification of potential challenges promotes proactive mitigation;
  • Dynamic order book management: enforce dynamic order book management to adjust to market fluctuations. This tactic helps to preserve tight spreads and cutting slippage;
  • Risk management protocols: develop strong risk management protocols – position limits, margin call policies, leverage controls, real-time monitoring, etc. – to safeguard against sudden market shocks. This installs the stability of the platform and engenders confidence in traders;
  • Regular platform audits: conduct regular audits of the trading platform to identify and address potential vulnerabilities. Such reviews include security audits, compliance audits, operational, financial, scalability audits, and so on. This raises overall security and trust among users.

By combining these strategies and tactics, crypto platforms can maneuver liquidity challenges and create a safe environment for traders.

How to Select Best Liquidity Provider?

Consider Reputation and Reliability

The reputation and reliability of a liquidity provider go first. A provider with a solid reputation signifies trustworthiness and stability in the market.

Factors to consider:

  • Market experience: size how long the liquidity provider has been in operation. A provider with a longer track record often shows stability and adaptability;
  • Client reviews: look for reviews and testimonials from other platforms that have utilized the services. Positive feedback can feed insights into the provider’s reliability.

Check Liquidity Depth and Market Coverage

The depth of liquidity and the variety of markets covered determine how well a liquidity provider can meet the diverse needs of your platform and its users.

Factors to consider:

  • Asset coverage: rate the range of cryptocurrencies and trading pairs offered by the provider. A diverse portfolio serves to a broader audience;
  • Depth of order book: check the depth of the order book given by the liquidity provider. A deep order book helps minimize slippage and backs better market efficiency.

Learn About Technology and Infrastructure

The technological infrastructure of a liquidity provider directly influences the speed and reliability of trade execution on your platform.

Factors to consider:

  • Latency and execution speed: analyze the provider’s latency and execution speed. Low latency is central for timely order execution;
  • API integration: figure out the availability and functionality of APIs. Uninterrupted integration with your platform enhances overall user experience.

Ensure Customization and Flexibility

A liquidity provider that offers customization options allows you to tailor the trading experience to the needs of your platform.

Factors to consider:

  • Order types: check if the provider has various order types, such as limit orders, market orders, stop orders. This warrants flexibility in trading strategies;
  • White label solutions: if available, white label solutions give a customizable interface that aligns with your platform’s branding.

Investigate Pricing Structure

The pricing structure of a liquidity provider directly impacts the costs associated with trading on your platform.

Factors to consider:

  • Transparent fees: make sure that the provider’s fee structure is transparent and easy to understand. Hidden fees can significantly impact the profitability of your platform;
  • Volume discounts: some providers offer volume-based discounts. Consider whether such incentives align with the expected trading volumes on your platform.

Inspect Regulatory Compliance

Regulatory compliance is elemental to assuring the legality and legitimacy of the services arranged by the liquidity provider.

Factors to consider:

  • Regulatory track record: verify the liquidity provider’s regulatory track record and adherence to global financial regulations;
  • AML and KYC policies: confirm that the provider has strict anti-money laundering (AML) and know your customer (KYC) policies in place.

Analyze Support and Service Level Agreements

Reliable customer assistance and well-defined service level agreements (SLAs) are essential for addressing issues promptly and sustaining platform uptime.

Factors to consider:

  • Assistance availability: check the availability of customer services, including responsiveness during critical situations;
  • SLAs: review the SLAs prepared by the liquidity provider, especially in terms of uptime guarantees and issue resolution timelines.

Review Financial Stability

The financial stability of a liquidity provider is a key indicator of its ability to handle market fluctuations and take care of your platform.

Factors to consider:

  • Financial transparency: gauge the provider’s financial transparency, including the availability of audited financial statements;
  • Insurance and safeguards: inquire about any insurance or financial safeguards in place to protect against potential losses.

Choosing the right liquidity provider involves a thorough evaluation of these factors. By prioritizing reputation, technology, risk management, regulatory compliance, and other key considerations, you can make a decision that aligns with the goals and needs of your cryptocurrency trading platform.

Top 5 Liquidity Providers

In compiling the list of 5 best liquidity providers we took into account the following factors: reputation and reliability, liquidity depth and market coverage, technology, customization, and pricing.


Empirica is a liquidity provider recognized for its accent on algorithmic trading solutions. The platform offers algorithmic trading software and services, pleasing institutional and retail traders.


  • Algorithmic trading;
  • Institutional focus.



Quantmatter is known for its data-driven approach to market analysis and liquidity provision. The platform utilizes quantitative strategies to enhance liquidity in cryptocurrency markets.


  • Data-driven solutions;
  • Innovative approaches to liquidity.



Kraken, known initially as a cryptocurrency exchange, has expanded its services to include liquidity provision. With a global user base, Kraken features both spot and futures trading liquidity.


  • Established reputation;
  • Integrated exchange services;
  • Advanced trading features.


  • Limited altcoin coverage.


Bitfinex positions itself as a cryptocurrency exchange working fot professional traders. While primarily an exchange, Bitfinex presents liquidity services, including margin trading and lending.


  • Advanced trading tools;
  • Deep liquidity;
  • Wide asset selection.


Coinbase Prime

Coinbase Prime renders services specifically to institutional clients, offering liquidity provision, prime brokerage, and custody solutions. Leveraging the infrastructure of Coinbase, one of the most widely used exchanges globally, Coinbase Prime focuses on meeting the needs of institutional traders.


  • Institutional-grade security;
  • Regulatory compliance;
  • Integrated services.


What To Expect Next?

Increased Institutional Involvement

Industry experts unanimously observe a notable increase in institutional involvement in the cryptocurrency market. Traditional financial institutions, hedge funds, and asset managers are recognizing the potential of digital assets.

Trend Implications:

  • Enhanced liquidity: institutional participation contributes to greater liquidity in crypto markets, forwarding more stable and mature trading environments;
  • Diverse offerings: liquidity providers are adapting to institutional demand by expanding their offerings, including tailor-made solutions for institutional clients.

Focus on Regulatory Compliance

The crypto industry is witnessing a heightened focus on regulatory compliance. As governments and regulatory bodies globally work to establish frameworks, industry players are proactively aligning with evolving compliance standards.

Trend Implications:

  • Market maturity: embracing regulatory compliance enhances market maturity and credibility, engaging institutional investors;
  • Emergence of regulated platforms: the emergence of regulated crypto platforms and liquidity providers inject confidence in users and investors.

Deeper Integration of DeFi and CeFi

The synergy between decentralized finance (DeFi) and centralized finance (CeFi) is becoming more pronounced. Experts note a growing trend of liquidity providers exploring ways to bridge the gap between these two domains.

Trend Implications:

  • Increased liquidity options: users benefit from a broader range of liquidity options, combining the innovation of DeFi with the reliability and scalability of CeFi;
  • Cross-platform solutions: liquidity providers are developing cross-platform solutions that empower consistent movement of assets between DeFi and CeFi ecosystems.

Technological Advancements in Liquidity Provision

Technological advancements continue to shape crypto liquidity. Industry experts stress the integration of cutting-edge technologies, such as artificial intelligence (AI) and machine learning, to optimize liquidity management.

Trend Implications:

  • Improved efficiency: advanced technologies contribute to more efficient order execution, trimmed latency, and enhanced risk management;
  • Predictive analytics: the use of machine learning enables liquidity providers to anticipate market trends and adjust strategies dynamically.

Rise of Decentralized Liquidity Solutions

Decentralized liquidity solutions, particularly decentralized exchanges (DEXs) and automated market makers (AMMs), are gaining prominence. Experts note the resilience and innovation arising from decentralized models.

Trend Implications:

  • Increased accessibility: decentralized solutions enhance accessibility for users, offering them more control over their assets without the need for intermediaries;
  • Challenges for traditional providers: traditional liquidity providers face the challenge of adapting to the decentralized trend or finding ways to collaborate with decentralized platforms.

Growing Importance of Liquidity Aggregators

Liquidity aggregators are becoming the major players in the crypto ecosystem. Industry experts accentuate the role of aggregators in sourcing liquidity from multiple providers to offer users the best possible trading experience.

Trend Implications:

  • Reduced fragmentation: liquidity aggregators lessen market fragmentation by consolidating liquidity from various sources, minimizing spreads and slippage;
  • User-centric approach: platforms leveraging liquidity aggregators prioritize user experience, providing a one-stop solution for diverse trading needs.

Sustainable Finance and Ethical Considerations

There is a growing attention to sustainable finance and ethical considerations within the crypto space. Industry experts note the importance of environmental impact assessments and ethical practices.

Trend Implications:

  • Eco-friendly practices: liquidity providers are exploring eco-friendly blockchain solutions and considering the environmental impact of their operations;
  • User demand for ethical practices: as user awareness grows, there is an increasing demand for liquidity providers to adopt ethical and sustainable practices.

As we conclude our journey in crypto liquidity, it is evident that the domain is not just about numbers and algorithms; it is about forging a path toward a more mature, inclusive, and responsible financial ecosystem. Liquidity providers hold the keys to unlocking a future where accessibility, innovation, and ethical considerations converge to redefine the possibilities of decentralized finance. So, as you step onto the crypto dance floor, remember – the smooth moves you experience are often orchestrated by these silent choreographers. 

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What are the real benefits of crypto betting for users? Breaking down the advantages of cryptocurrencies in gambling | IDOs News




It’s not uncommon to see, now, gambling operators, sports betting sites, and online casinos in Germany follow the lead of global bookmakers and adopt the world’s most innovative, breakthrough, and pioneering technology that has ever been launched in the digital ecosystem. We are talking about cryptocurrencies and the fact that more and more betting platforms are embracing these digital assets, in an effort to capture the enormous benefits attached to blockchain technology and align with the tidal wave that is coming over the entire world. 

It’s not an exaggeration to say that every online casino in Deutschland right now is considering – if it hasn’t already done so – embedding the crypto gambling feature into their core services. That’s probably because cryptocurrencies offer unique and unparalleled opportunities that are promising to revolutionize the gambling or sports betting experience of their customers. 

If you have ever searched more thoroughly upon the subject of cryptocurrencies, you must have come across many articles talking about their advantages or the basic features that differentiate them from fiat currencies and generally government-issued money. Cryptocurrencies, after all, have emerged not as just another option for users who want more efficient, transparent, decentralized, and cheaper transactions, but mostly as the basic alternative to the present highly moderated, mediated, and controlled fiat currencies. 

In gambling and sports betting, cryptocurrencies have found some of their most effective and prominent applications. The number of bettors who use cryptos is growing at phenomenal rates as reported by and this verifies just how well the whole crypto ecosystem has fitted the gambling world. 

While the features that make cryptocurrencies suitable for betting have well been spelled out, and communicated to users, the real benefits that these features bring to bettors are not necessarily that clear to everyone. For example, we hear about transparency, anonymity, efficiency, and decentralization as the fundamental pros of cryptos, but do we really know what they practically mean? What’s the main benefit that gamblers and sports bettors will experience when they use cryptos in online casino sites?

Transparency equals safety

Blockchain technology makes sure that the crypto ecosystem is transparent and immutable since every transaction is recorded in a ledger permanently. The records are implemented immediately and they are stable, meaning that they can’t be modified or changed. 

Transparency means that all records are traceable and visible, so every transaction being made is out there on the blockchain technology for everyone to follow. 

For bettors, this is practically equal to safety, because all transactions and payments are permanently recorded and cannot be changed by any party or agent. So, nobody can mess with one’s payments and withdrawals and the risks of fraud and scams are optimally minimized. 

Anonymity equals privacy and confidentiality

The good thing about using cryptocurrencies for gambling or wagering on sports is that it makes sure it retains anonymity. But what does anonymity practically imply? 

It implies privacy and privacy is valuable for everyone who doesn’t want to have their gambling activities or habits be attributed to their personal details. This is very important for all people who value discretion. 

Also, anonymity implies confidentiality, which means that every bet or stake that gamblers make and every bit of their activity is never revealed to anyone but the one who performs it. For the first time, the phrase “what I do, is nobody else’s business” is literally what best describes gambling with cryptos. 

Efficiency equals fewer expenses and quicker transactions at the same time

Cryptocurrency transactions are seamless, which means that they are made instantly. Meanwhile, they are burdened with much lower fees than the typical fiat currency transactions because there are no third parties receiving commission or other relevant fees. 

For gamblers and sports bettors, efficiency translates to greater speed and lower costs associated with any payments or withdrawals. They can instantly withdraw their winnings, make instant payments, and also have their amounts not being particularly reduced by unnecessary fees. 

Decentralization equals control

Cryptos have caused disintermediation in financial transactions. There are no banking institutions or other financial organizations mediating transactions and this practically means that there is no one else in charge of how users’ cryptos are being used or when they are being used. 

Practically, for bettors and gamblers, decentralization means having absolute control of their payments and withdrawals and of their crypto transactions, without having anybody else interfering in the process. 

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