Cryptocurrency sports betting pioneer BitcoinBookies expects the new cryptocurrency sports betting record to be high despite the recent downturn in the crypto market.

Significant global growth in the cryptocurrency sports betting segment is setting the stage for a new all-time high for ripple sports betting sites in time for this year's Champions League final in 2022.

Over 700 million fans around the world will watch the annual event of the season in European club football next Saturday (source: Front Office Sports). This year's final between traditional heavyweights Liverpool and Real Madrid at the Stade de France is expected to set off an unprecedented high level of cryptocurrency betting.

A prerequisite for this development is a significantly faster growth in betting volume in the cryptocurrency market compared to betting in traditional currencies. According to software developer Softswiss, the share of sports betting using cryptocurrencies increased by 116.7% year-on-year in the first quarter of 2022, compared to an overall 60% growth in the sports betting sector over the same period. Read the main news of cryptocurrency rates this week in this source.

Despite the recent drop in the value of the crypto market, data from Cloudbet, the pioneer of crypto betting, shows that this does not dampen the enthusiasm of the players in any way. On the contrary, turnover in the sports betting sector remained stable in May and could even increase due to betting related to the Champions League.

“As two of the biggest football teams in the world battle it out in a major sporting event, we expect this to be the busiest day ever for crypto sports betting,” said Cloudbet CEO Leandro Rossi. advantages of a decentralized blockchain model.

“The many Champions League markets available on Cloudbet represent a concrete opportunity for risky cryptocurrency users to further increase the size of their bitcoin investment.

“In the four years since Liverpool’s last final against Real Madrid, the bitcoin market has grown exponentially, offering football fans huge potential returns despite recent market volatility.”

On the day of the latest clash between Liverpool and Real Madrid in the 2018 CL Finals, Bitcoin was trading at $8,500. Even after the recent cryptocurrency crash, bitcoin has still risen over 250% since then, delivering a huge increase in value for those holding onto their gains since the last collision.