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, describing these as the most transparent and well-regulated tokens that provide more auditable fund flows compared to cash.
The new funding option enables compliant crypto-to-USD funding for legal U.S. gaming by supporting these cryptocurrencies through regulated exchange partners, without EDGE Boost directly holding crypto. This approach expands access to players' own funds outside traditional banking hours, offering what the company describes as a safer alternative to high-fee credit card advances while supporting responsible gaming behavior.
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 company positions this development as part of its broader mission to serve as the responsible financial platform for smart bettors, offering financial segmentation and a holistic view of betting finances.
EDGE Boost, an ally member of the American Gaming Association, operates as the first betting-only debit card account that is FDIC insured up to $250,000. As a neutral third party, the platform provides custom tools like personalized spending limitations and cashback incentives designed to help bettors maintain responsible gaming practices. Customers can access frictionless, instant free betting that is compatible with almost any online or physical betting platform.
The deposit checking accounts are held with Cross River Bank, Member FDIC, with the EDGE Boost Visa Debit Card issued by Cross River Bank pursuant to a license from Visa U.S.A. Inc. The card is not available to all residents of U.S. territories, and customers are directed to review the Terms of Service and Cardholder Agreement for further information. This development represents a significant step in bridging cryptocurrency usage with regulated gaming markets while maintaining compliance and consumer protection standards.
