SOFTSWISS Unveils Insights from Latest Crypto Gaming Trends Analysis

SOFTSWISS, a prominent player in the technology services sector, has recently unveiled a comprehensive report on crypto gaming trends covering the first half of 2023. Drawing data from over 500 brands utilizing the company's technological offerings, the report sheds light on the ever-evolving landscape of crypto gaming. Notably, SOFTSWISS Online Casino Platform, which integrated a crypto-focused feature in 2022 enabling crypto wagers within games originally designed for fiat transactions, serves as a key component of this dynamic analysis.

The Current Landscape of iGaming in H1 2023: A Comprehensive Overview

SOFTSWISS' analysis reveals a substantial surge in the iGaming market during the first half of 2023, marking a significant growth trajectory when compared to the corresponding period in the preceding year. The total amount wagered in H1 2023 has witnessed a remarkable 37% increase compared to the previous year, accompanied by a striking 49% rise in the volume of bets placed.

A Closer Look at Fiat and Crypto Bets

In examining the average fiat and total bets, the data showcases marginal fluctuations when juxtaposing the first and second halves of 2022 with the opening half of 2023. This stability is evident through variations confined within the range of 4-9 percentage points, illustrating a consistent pattern across these periods.

Unveiling the Crypto Gaming Trends

Comparison between the first halves of 2022 and 2023 highlights a steady 16.5% expansion in monetary terms for crypto bets. A noteworthy upsurge is observed in the quantum of crypto bets, demonstrating a remarkable 83.6% surge when compared to the latter half of 2022. The prevalence of crypto bets, constituting 29.5% of the total wagered amount over the past six months, remains resolute, mirroring trends from the second half of 2022.

Although the average crypto bet has witnessed a decline from 2.84 euros in H1 2022 to 1.80 euros in H1 2023, the overall percentage and numerical indicators maintain stability due to the concurrent rise in the number of crypto bets.

Insights from Andrey Starovoitov, Co-CEO at SOFTSWISS

In a commentary on the crypto market's dynamics, Andrey Starovoitov, Co-CEO at SOFTSWISS, emphasized the market's responsiveness to global shifts. The correlation analysis conducted by SOFTSWISS analysts, aligning key player activity indicators with the Fear and Greed Index, reveals resilient business metrics even during periods of cryptocurrency market volatility.

Cryptocurrencies in the Spotlight

As for the most utilized cryptocurrencies, H1 2023 mirrors the composition witnessed in the previous year, with Bitcoin commanding a significant 76.2% share. Ethereum follows suit at 9.0%, while Litecoin and Tether secure shares of 5.5% and 4.7%, respectively. Dogecoin rounds off the list with a 2.6% share.

Andrey Starovoitov reiterated the enduring popularity of digital coins among players, underscoring their appeal despite shifts in cryptocurrency valuations and market shares within the iGaming domain.

The report not only offers an insightful glimpse into the crypto gaming landscape but also signifies the continued interplay between digital currencies and the dynamic realm of iGaming.