EDGE Boost by EDGE Markets announced it is now allowing crypto-to-USD conversion into its deposit accounts for legal U.S. gaming and betting purposes. The banking solution, designed to promote responsible gaming, will initially support ETH, BTC, and stablecoins at launch, selecting what it describes as the most transparent and well-regulated tokens to provide more auditable fund flows compared to cash.
The new funding option expands access to players' funds outside traditional banking hours, offering what the company positions as a safer alternative to high-fee credit card advances. By providing a regulated crypto onramp, EDGE Boost aims to reduce the appeal of offshore and illegal gaming markets while expanding its reach to new users and markets. The conversion process works through regulated exchange partners without EDGE Boost directly holding cryptocurrency, maintaining compliance with existing financial regulations.
EDGE Boost functions as a betting-only debit card account that is FDIC insured up to $250,000 through its partnership with Cross River Bank, Member FDIC. As a neutral third party, the platform provides financial segmentation and a holistic view of bettors' financial betting data. The service includes custom tools like personalized spending limitations and cashback incentives designed to promote responsible gaming behavior. Customers can access frictionless, instant free betting that is compatible with almost any online or physical betting platform.
The company is an ally member of the American Gaming Association, positioning itself as the responsible financial platform for smart bettors. The implementation of crypto-to-USD conversion represents a significant development in the intersection of financial technology and regulated gaming, potentially influencing how digital assets are integrated into mainstream financial services for specific use cases. For further information about the service, users can review the Terms of Service and Cardholder Agreement available on the company's website.
