The token was created by Yuga Labs, the parent company of viral NFT project, Bored Ape Yacht Club (BAYC), and began trading on crypto exchanges on Thursday 17 March.
Now, only one day later, casino and wagering platform BetOnline has announced the addition of ApeCoin to its list of accepted cryptocurrencies.
The sports betting brand has previously done business with BAYC, entering the NFT market in February when it purchased Bored Ape #320 for $375,000 during Super Bowl week.
But the platform was an early adopter of cryptocurrency, first accepting Bitcoin for transactions back in 2010.
“We got in early on Bitcoin because we are confident blockchain is the future of global currency,” said BetOnline CEO Eddie Robbins III.
“And now, it’s incredibly exciting to start adding NFTs to our asset vault and be the first in our industry to accept ApeCoin. We’re bullish on the world of Web3, and we’re eager to build and strengthen our partnerships and promotions in this space.”
Outside of Bitcoin, BetOnline accepts over a dozen altcoins for deposits and withdrawals, including Ethereum, Dogecoin, Avalanche, Cardano, Polygon, Solana and USDC. The platform offers a $500,000 crypto deposit limit.
Robbins added: “We’ve established ourselves as the go-to sportsbook, poker and casino platform for crypto players who want the best gaming experience that is guaranteed by anonymity and transparency.
“The security of our customers has been, and will always be, the top priority at BetOnline.”
