RYKI launches gaming-specific service line as crypto wagers reach 17% of iGaming bets globally

RYKI, a Virtual Asset Service Provider registered in the British Virgin Islands, has launched a dedicated service line for the global gaming industry. The pitch is straightforward: same-day, cross-border settlement plus regulated, gaming-aware compliance, which matters if you are trying to move money faster without turning your payments stack into a freeze-risk museum.

1. The backdrop is a large and growing market. Grand View Research values the global online gaming market at roughly $88bn in 2025, with the sector on track to more than double by the early 2030s.
2. RYKI says digital asset payments are now a meaningful part of the mix. The company cites industry analysts who estimate that crypto-funded wagers account for close to 17% of all iGaming bets globally, while more than 30% of online operators already support some form of cryptocurrency payment.
3. The problem, in RYKI’s view, is that most of the infrastructure still looks like it was built for a different business. Cross-border payments routed through SWIFT and correspondent banks can take three to seven days to clear, and foreign exchange conversion can add 50 to 100 basis points per transaction.
4. There is also the double-conversion trap. Operators without a gaming-friendly settlement partner in the Western Hemisphere often see crypto off-ramps settle in euros, which means a second conversion to dollars and a second spread on every transaction.
5. Compliance and operations are the other pressure points. Generic banking and payment relationships can trigger holds and fund freezes when crypto-linked flows appear, while manual reconciliation across events, currencies and counterparties adds overhead for finance teams.

RYKI says it has executed more than $1bn in trades since its founding in 2020. For operators and PSPs, the useful question is not whether crypto is present anymore; it is whether the settlement and compliance layer can handle it without turning every payout cycle into a project.