Following the addition of ApeCoin to its approved cryptocurrency processing list, BetOnline.ag, one of the world’s leading online sports betting, poker, and casino platforms, has become the first gaming operator to accept the coin.

Earlier this week, on March 17, ApeCoin ($APE) began trading on cryptocurrency exchanges after months of anticipation and speculation surrounding the ERC-20 token created by Yuga Labs, the parent company of the popular NFT project, Bored Ape Yacht Club. Yuga Labs is a blockchain technology company based in Singapore. Among the early adopters of cryptocurrencies was BetOnline, which openly declared its debut into the NFT market in February after purchasing Bored Ape #320 for $375,000 during Super Bowl week. BetOnline is a leading online gaming company. In 2010, the website became the first to accept Bitcoin as payment for transactions.

BetOnline Now Accepts BAYC for Deposits and Withdrawals

Apart from Bitcoin, BetOnline.ag accepts deposits and withdrawals in over a dozen alternative cryptocurrencies, including Ethereum, Dogecoin, Avalanche, Cardano, Polygon, Solana, and USDC. BetOnline is well-known in the cryptocurrency community for its processing benefits, which include no transaction fees, high-level security, and quick deposits and withdrawals. Clients can deposit up to $500,000 in cryptocurrency, which is the biggest amount in the gaming business. According to an Etherscan transaction from Thursday morning, the corporation claimed 10,094 APE tokens using its ENS domain and crypto wallet, BetOnline-ag.eth. According to a spokeswoman, the corporation has no plans to sell its ApeCoin. For March Madness, BetOnline is presently providing a 110 percent match bonus to new cryptocurrency depositors and a 45 percent deposit bonus to existing cryptocurrency depositors.

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Press Release Statement

BetOnline CEO Eddie Robbins III claimed in a press release that they entered the Bitcoin market early because they are sure that blockchain technology will be the future of global currency. And now it’s tremendously exciting to begin accepting NFTs into our asset vault and to be the first in their industry to do so. They are positive on Web3, and they are keen to expand and deepen their collaborations and promotional efforts in this arena. He also added that they’ve positioned themselves as the go-to sportsbook, poker, and casino platform for cryptocurrency players seeking the finest gaming experience possible while maintaining anonymity and transparency. At BetOnline, consumer security has always been and will always be a major priority.