Today I was browsing websites of old, inactive cryptocurrencies and noticed that some of the domains are now taken over by online casinos. Honestly, wherever you look in the crypto world, you stumble upon gambling businesses. It really feels like this is the most profitable niche right now.
I came to finance through forex brokers, and I still remember people telling me: “Forex is like a casino - except in a casino, at least you can win.”
To me, running a financial market always seemed more profitable than running a casino.
But in crypto, is it the other way around? Are casinos making more money than trading platforms?
From the look of things I we say that casinos are making more money than trading platforms, because if you check the world today you will discover that we have more gambles than those who are trading in the crypto market. Gambling in the casino site is more easier and understandable than trading platforms, with just common sense anyone can gamble in any casino site without stress. But in trading platforms is not that easy to trade with common sense, you need to take your time and learn trading very well before you can be able to navigate the crypto market and then start placing your trades in the trading platform. Which I don't think that people will be willing to go through those stress all because they want to be trading in in trading platform, rather they go gambling in the casino site. So you see casinos have more customers than trading platforms due how easy gambling in their site is.