Reading Time: 3 minutes
SOFTSWISS is an innovative technology provider that offers iGaming Solutions. The latest Crypto Gaming Trends Report, derived from data collected by SOFTSWISS across 500 brands, was released.
This analysis looks at the in-game currency exchange capabilities. The SOFTSWISS online casino platform introduced a cryptocentric feature in 2022. This marked a paradigm shift where players with crypto holdings were able to seamlessly participate in games designed for fiat currency transactions.
H1: 2023 THE BIG PICTURE
iGaming has shown a steady growth in the first half of this year. The total amount wagered increased by 37% compared to the same period last year. However, the number of bets grew even faster, with a growth of 49%.
STATE of CRYPTO
The analysis compares digital coin bets in H1 2023 to H1 2020 and shows a stable 16.5% increase in terms of monetary growth. Notably, crypto bets have increased by 83.6% in the last half of 2022. They remained constant at 29,5% of the total wagered in the last 6 months. This indicates that players are still interested in this option despite fluctuations in cryptocurrency prices.
AVERAGE BET
The average bet analysis for 2022-2023 reveals some interesting trends. The average total bet and the fiat bets are characterized by minor fluctuations between 4-9 percent. The average crypto bet has a completely different pattern. The average crypto bet initially drops from 2,84 euros in the first six months of 2022, to 1,69 euros in its second six months. It then rises to 1,80 euro in 2023’s first half. The average crypto bet shows a rapid drop during the first half of the year, despite an increase in crypto bets.
Andrey Starovoitov is the Co-CEO of SOFTSWISS. He says: “The cryptomarket is very sensitive to changes within the global environment. The SOFTSWISS analyst conducted a correlation between key indicators of player activity and the Fear and Greed Index. Even during a period of relative anxiety in the cryptocurrency markets, business indicators remained high .”
IGAMING PRIMARY CRYPTOCURRENCIES
The top 5 digital coins used by the SOFTSWISS Online Casino Platform in 2022-2023 remained unchanged.
The cryptocurrency distribution structure has changed since the beginning of this year.
-
Bitcoin: 76.2%
-
Ethereum 9.0%
-
Litecoin 5.5%
-
Tether 4.7%
-
Dogecoin 2.6%
Bitcoin is the currency that has grown most, increasing its share by 7.9 percent. Comparing the first half of last year, Bitcoin has seen the most growth. Ethereum and Litecoin, on the other hand have fallen by 5.5 p.p. and 2.5 p.p. respectively.
