SOFTSWISS, an innovative tech provider offering iGaming solutions, presents its latest crypto gaming trends report, derived from the data collected across five hundred brands powered by the сompany.

The presented analysis considers in-game currency conversion capabilities. 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.

H1 2023: THE BIG PICTURE

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

STATE OF CRYPTO

When comparing digital coin bets between H1 2023 and H1 2022, the analysis shows stable 16.5% growth in monetary terms. Notably, the number of crypto bets has soared by 83.6% since the second half of 2022. At the same time, they remained consistent at 29.5% of the total wagered amount in the last six months, which indicates a continued player interest in this option regardless of fluctuations in cryptocurrency rates.

AVERAGE BET

Intriguing trends emerge as part of the average bet analysis spanning 2022 to 2023. While the average total and fiat bets show minor fluctuations within the 4-9 p.p. range, the average crypto bet follows a different trajectory. It initially drops from 2.84 euro in the first half of 2022 to 1.69 euro in its second half, but then rebounds to 1.80 euro in the first half of 2023. Notably, the average crypto bet demonstrates a rapid decline during the first six months of the year despite the concurrent rise in the number of crypto bets. 

Andrey Starovoitov, Co-CEO at SOFTSWISS comments: “The crypto market is rather sensitive to changes in the global environment. The 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.”

PREVALENT CRYPTOCURRENCIES IN IGAMING

The Top 5 most used digital coins according to the SOFTSWISS Online Casino Platform remained unchanged in 2022-2023. 

As of the first half of the current year, the cryptocurrency distribution structure is as follows:

• Bitcoin – 76.2%
• Ethereum – 9.0%
• Litecoin – 5.5% 
• Tether – 4.7%
• Dogecoin – 2.6%

Bitcoin has seen the most growth, with its share increasing by 7.9 p.p. compared to the first half of the previous year. On the other hand, Ethereum and Litecoin have lost 5.5 and 2.5 p.p. respectively.

Fasttoken, the native token of Bahamut, is thrilled to announce the successful completion of the xFTN to FTN token swap, on Fastex Exchange, for all participants who purchased xFTNs during the presale sale stage. The eagerly anticipated transition has now concluded, providing users with unrestricted access to their FTNs for seamless trading and investment opportunities.

Fastex would like to extend its heartfelt appreciation to the entire community for their unwavering support and enthusiasm throughout this transformative process. The successful xFTN to FTN token swap marks a significant milestone, propelling Fastex Exchange and its users toward an even brighter future in the world of digital asset trading.

CBS Global announced the launch of their new crypto focused online casino and sportsbook, Crypto Bet Sports. Using SoftGamings as a provider, and Curacao as their licensing jurisdiction, they are providing slots, live casino table games, sports betting and eSports betting to their customers. They have a wide range of promotions including a 100% up to 1 BTC + 50 Free Spins casino welcome offer, a Risk-Free Bet sports welcome bonus, and a 100-level loyalty scheme to reward players for their continued engagement with the site. Alongside daily loot boxes with prizes up to 1 BTC to be won.

Crypto Bet Sports is a site that is filled with casino games including over 8000+ slots from slot studios such as Microgaming, NetEnt, Play’n Go, Yggdrasil, Playtech, Pragmatic Play and many more. The live casino features tables from Evolution among others, and the sportsbook is provided by BetRadar, which means a huge range of sports available from all over the globe.

CBS is launching with a range of cryptocurrencies including BTC, LTC, BCH, ETH, USDT(ERC-20), TRX, USDT(TRC-20), DOGE and XRP, but they are also in the late stages of developing their very own token for the product, which will give crypto enthusiasts an investment opportunity as well as a great gaming experience.

“At Crypto Bet Sports, we believe in the fusion of cutting-edge technology and sports entertainment. By harnessing the power of blockchain and cryptocurrencies, we invite sports fans, casino lovers and crypto enthusiasts to join us on this exciting journey as we redefine the way we engage with our favourite teams, slots and casino games,” James Dowd, Chief executive Officer of Crypto Bet Sports, said.