Coin Gaming has launched Sportsbet.io, which is a new bitcoin-only sportsbook which will provide thousands of betting opportunities on the prestigious soccer tournament, Euro 2016.

Sportsbet.io focuses on 3 core principles: fast, fun and fair. Sportsbet.io is launched by Coin Gaming, which is the operator of world-leading bitcoin casino Bitcasino.io. Bitcoin users have an exciting, new option for betting on the largest gambling event Euro 2016 since the operator has gone live.

Euro 2016 s expected to attract the equivalent of at least 1.5m BTC (£465.3m) in bets across the gambling industry, said the press release. Joe Jordan, the spokesperson of the company said that Sportsbet.io aims to quickly achieve the same position in the bitcoin sports betting market being a partner site of Bitcasino.io.

“With Bitcasino.io we are used to being the best and we have high ambitions for Sportsbet.io that will make it the number one bitcoin sports betting destination,” said Jordan in his statement.

The release said that, those players who are signing up for a Sportsbet.io account can enter an exclusive competition to win tickets to matches during the month-long tournament, as well as the final itself. Dedicated, customized VIP program that features a personal hostess and 24/7 live chat to cater for all needs will be provided by Sportsbet.io.

"Bitcasino.io has an average winnings withdrawal time of 2.5 minutes, something that Sportsbet.io plans to replicate. When it can take upwards of 24 hours for some traditional bookmakers to pay out, we believe this will give us real differentiation in the market.” Jordan added in his statement.

With this platform, players will be able to bet with their own bitcoins, or exchange for local currency on the site, via Sportsbet.io's broker integration with Cubits and Coinify.

Talking about the focus of this sportsbook, Jordan finally stated that, “Our focus is not only to offer great odds and promotions – as demonstrated by our competition to win tickets to the final of Euro 2016 – but to excel on the player experience.”

Bitcasino.io is the world's first legally licensed and regulated online Bitcoin-only casino gaming and sportsbook platform. It offers more than 800 casino games, including over 13 leading casino slot providers with €14,000,000 worth of jackpots, live dealer casino table games, dice, baccarat, and lotto, as well as 60,000 sporting events monthly.