Global Gambling News

SOFTSWISS reveals latest crypto gaming trends

SOFTSWISS has presented its latest crypto gaming trends report, derived from the data collected across 500 brands powered by the сompany.

In 2022, the SOFTSWISS Online Casino Platform introduced a crypto-centric feature, heralding a new paradigm where players possessing crypto holdings could seamlessly partake in games originally designed for fiat currency transactions.

During the first half of this year, the iGaming market exhibited a consistent pattern of growth. The total wagered amount demonstrated a 37% increase compared to the first half of 2022, while the number of bets underscored even more remarkable growth of 49%. 

When next comparing digital currency gaming over the same periods, the analysis shows steady 16.5% growth in monetary terms, but a soaring in the number of crypto bets by 83.6%.

An intriguing trend concerns average bet analysis spanning 2022 to 2023. Notably, the average crypto bet size demonstrates a rapid decline during the first six months of this year despite the concurrent rise in the number of crypto bets placed.

Andrey Starovoitov, Co-CEO at SOFTSWISS says: “The crypto market is sensitive to changes in the global environment. SOFTSWISS analysts conducted a correlation analysis between key player activity indicators and the Fear and Greed Index. The analysis revealed that even during the period of relative apprehension in the cryptocurrency market, business indicators remain precisely high.”

“Despite fluctuations in cryptocurrency rates and changes in their shares in the iGaming market, digital coins continue to be popular among players. We believe that implementing innovative crypto-centric technologies along with highly customised approaches will empower industry representatives to deliver the most exciting player experience, thereby fostering continued growth.”

Author: Charles Howard