Gibraltar, 21 March 2025 – Coinscribble by Coinbound – BoxBet, the rapidly growing crypto casino and sportsbook, is further expanding its global footprint with the listing of its $BXBT token on MEXC, a leading centralized exchange with a user base of over 30 million(1). This move enhances BXBT’s liquidity and accessibility, supporting BoxBet’s broader strategy of scaling its user base and deepening token utility.
BoxBet’s Rapid Growth and Market Expansion
Launched in December 2024 after a year in stealth development, BoxBet has quickly gained traction with its fully licensed, mobile-first platform designed for seamless gameplay, high-value rewards, and a superior betting experience. In its first few months, the platform has attracted thousands of users, driven by industry-leading rewards, strong engagement mechanics, and a rapidly growing community.
Currently operating in over 50 markets, BoxBet is accelerating growth through strategic partnerships with top-tier KOLs, streamers, and key affiliate networks globally. The MEXC listing strengthens the accessibility of BXBT, further integrating it into BoxBet’s gaming ecosystem.
BXBT: A Utility Token Designed for Growth
BXBT is a fixed-supply utility token (Max supply: 100 million) with a deflationary model, where casino profits fuel token buybacks and burns, reducing supply over time. The company is expanding BXBT’s in-game utility, including enhanced odds, exclusive rewards, and seamless betting integration.
Since its initial listing on Uniswap in late 2023, BXBT has reached a market capitalization of $21.2 million. The new MEXC listing significantly increases global exposure and trading volume, positioning the token for further adoption.
BoxBet’s Expansion Strategy
With iGaming markets growing rapidly, BoxBet is strategically scaling its presence across multiple regions. The global online gambling market is projected to grow by $181 billion between 2024-2028 at a CAGR of 11.96%(2), with mobile gaming driving most of this growth. BoxBet’s mobile-first approach positions it well for this trajectory, ensuring an engaging and seamless experience for players worldwide.
About BoxBet
BoxBet was founded by crypto industry veterans with deep expertise in iGaming, blockchain, and high-growth digital platforms. The team includes former executives from The Raine Group and the creator of one of Europe’s largest iGaming platforms, which has over 18 million users generating $1 billion+ in annual revenue. The company is backed by CMCC Global, an early investor in Solana, and supported by industry leaders such as the Winklevoss twins. BoxBet is building the next-generation mobile crypto iGaming platform, setting new standards for engagement, rewards, and seamless gameplay in the sector.
Sources:
(1) MEXC (2025)
(2) Technavio (2025)
Contact:
Website: www.boxbet.io
Press: press@boxbet.io
Affiliates: affiliates@boxbet.io
