I once came across an article where it was stated that over 60 percent of most crypto transaction were used for betting. I don't see anything wrong with that. But don't you think it portrays crypto in a bad way?
60 percent crypto transaction were used for betting? that's quite big, I don't think that 60 percent is accurate maybe just 30 percent. I also don't see anything wrong crypto use for betting, it is a digital currency you know, this will not make the bad image of crypto.
I doubt 60 percent of daily crypto transactions flow between exchanges and gambling sites. Maybe it is around 12-20%, the gambling sites also don't share enough data for measuring these numbers. Digital currencies are used by the citizens of countries where gambling is banned by the governments from my experience and anonymous transactions give the gamblers freedom to choose the sites however they wish.
It doesn't mean that these transactions are happening between exchanges and gambling sites, it just says that 60% of the overall transactions are done with gambling sites.