The iGaming sector processed an estimated $27 billion in crypto transactions globally in 2025, up from $19 billion in 2024. Three structural forces drive this shift: card network restrictions that block licensed gambling merchants in many jurisdictions, the speed advantage of on-chain settlement over correspondent-banking rails, and regulatory clarity in the EU following the Markets in Crypto-Assets Regulation (MiCA) framework.
The market has sorted itself into three identifiable archetypes by 2026. BitPay represents the legacy infrastructure model: launched in 2011, US-regulated as a Money Services Business (MSB), strong enterprise brand, but built for e-commerce and consumer billing, not gambling.
CoinGate is the MiCA-compliant pick for EU-regulated operators who want transparent 1% pricing and 70+ crypto assets. CoinGate secured its MiCA authorization in 2025; CoinsPaid held Estonian and Canadian licenses but remained in “Verify” status for MiCA as of June 2026.