Connect with us
Prague Gaming & TECH Summit 2025 (25-26 March)

Cryptocurrency

19% Crypto Bets Growth: SOFTSWISS Reveals Digital Coin Results for Q1 2023

Published

on

Reading Time: 4 minutes

 

In January 2023, SOFTSWISS, the leading technology provider for iGaming, was recognised as ‘Crypto Company of the Year’ by the prestigious International Gaming Awards. As a pioneer in crypto gaming, every quarter, the company analyses the crypto gaming market and shares valuable industry insights. This time, among key indicators, the expert team unveils what the average crypto player portrait looks like. 

The Q1 crypto results are based on the data from over 700 brands powered by the SOFTSWISS Game Aggregator and the SOFTSWISS Casino Platform.

Q1 2023: The Big Picture

In Q1 2023 the Total Bets indicator increased by 44.66% compared to the same quarter the previous year and by 2.24% compared to the preceding quarter. This data demonstrates a steady growth trend in the iGaming market. 

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

In absolute terms, the sum of wagers in crypto also shows positive growth over the course of the last year. In the first quarter of 2023, the share of bets in digital coins accounted for 30%. Q4 of 2022 showed 9% volume growth in Total Bets in crypto compared to the first quarter of the same year. Q1 of 2023, on the other hand, showed a more significant volume growth – 19%.

 

Andrey Starovoitov, Co-CEO at SOFTSWISS comments: “Despite the global events of 2022, which have undoubtedly caused most digital coins to fall in value, we are now seeing them rise in value again. For that reason, we are observing both growth in the iGaming market in general and also an increase in the sum of bets made by crypto players. We expect digital coins to remain in stable use by players in 2023 and could see more significant growth with a combination of two factors: competent retention of players and the absence of strong volatility in the crypto market.”

Most Used Digital Coins

Compared to Q4 2022, the top 3 most used digital coins remain the same: Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC). However, their shares have changed – Bitcoin is up by 1.9 p.p. at the expense of smaller digital currencies, while Ethereum remained the same.

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

Looking at the development of digital coins over a longer period, the changes in the shares of digital coins are more substantial. From Q1 2022, BTC increased by 3.72 p.p., whereas ETH lost 5.01 p.p. The fall in the share of the third leading digital coin, LTC, occurred by 1.36 p.p.

The final shares for Q1 2023 are as follows:

  • BTC – 76.5%
  • ETH – 8.4%
  • LTC – 5.1%

Tether (USDT) took a share of 5.1% for the first time, in turn, Dogecoin (DOGE) rates fell by 1 p.p. compared to the previous quarter, taking a 2.5% share at the end of Q1 2023.

 

Among other currencies that showed an increase in the share of Total Bets – Ripple (XRP), Tron (TRX) and Cardano (ADA).

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

The Crypto Player Portrait

Diving deeper into the industry insights, SOFTSWISS has defined the average crypto player portrait. Based on the Q1 data and available data from player profiles, 65% of the crypto audience is male and 35% female.

The percentage of age groups of the crypto players who have indicated their age on their online casino profile is as follows:

 

Thus, the core audience of digital coins in iGaming is in the 31-50 age range. It  makes up 70% of the audience that uses crypto.

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

Moreover, more than half of crypto GGR per Q1 was formed by bets made on mobile devices: 64% of mobile users vs. 32% of desktop ones.

This data may become crucial when choosing a strategy for growing an existing iGaming brand or launching a new one. As SOFTSWISS experts note,  interest in starting crypto projects is high, even when crypto demonstrates quick changes and might be unpredictable. Nevertheless, Q1 statistics indicate that  2023 is shaping up to be a year of positive development for projects related to digital coins.

Max Trafimovich, Chief Commercial Officer at SOFTSWISS, summarises: “Over the last few years we have seen a steady increase in demand for crypto-ready solutions, be it for launching a casino or a sports betting venture. It’s undeniable that some crypto iGaming operators have drawn much attention and accolades on a global level. Besides crypto, such operators also happen to be at the forefront of various other innovations, those going beyond the payments aspect. SOFTSWISS will remain the ultimate partner on this frontier with new crypto-oriented technologies, top-level service, and security.”

 

About SOFTSWISS

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

SOFTSWISS is an international iGaming company supplying certified software solutions for managing gambling operations. The expert team, which counts 1,500+ employees, is based in Malta, Poland, Georgia, and Belarus.  SOFTSWISS holds a number of gaming licences and provides one-stop-shop iGaming software solutions. The company has a vast product portfolio, including the Online Casino Platform, the Game Aggregator with thousands of casino games, the Affilka affiliate platform, the Sportsbook Platform and the Jackpot Aggregator. In 2013, SOFTSWISS was the first in the world to introduce a Bitcoin-optimised online casino solution.

Continue Reading
Advertisement

Cryptocurrency

What Are the Game-Changing Crypto Trends in 2025? Highlights from SOFTSWISS

Published

on

what-are-the-game-changing-crypto-trends-in-2025?-highlights-from-softswiss
Reading Time: 3 minutes

 

Bitcoin has shattered records, soaring past €100,000 per coin, marking a pivotal moment in cryptocurrency history. SOFTSWISS, a global tech provider with over 15 years of expertise and a trailblazer in crypto integration for iGaming, unveils the transformative trends set to redefine the digital currency landscape.

According to Statista, the global cryptocurrency market’s revenue is estimated to reach almost €44 billion in 2025, with an expected 861 million users. SOFTSWISS experts spotlight the major forces shaping the crypto future. 

How Will Regulation Evolve?

As cryptocurrency adoption grows, experts anticipate global regulations to tighten to address security, transparency, and misuse. Key areas of focus include AML (Anti-Money Laundering), KYC (Know Your Customer), and investor protection, requiring businesses to implement robust compliance measures.

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

Companies must adapt to diverse regional regulations, such as Europe’s MiCA framework or US oversight by the SEC and CFTC. While compliance increases operational costs, it enhances credibility, fosters trust, and creates opportunities to attract institutional investors and expand into regulated markets, positioning businesses for sustainable growth.

Financial Security with Crypto Investments

Bitcoin’s growing acceptance and institutional interest demonstrate its evolving role as a significant financial asset. With nations like the US exploring its use as a reserve asset, Bitcoin is increasingly seen as a store of value and a hedge against traditional market fluctuations. These trends reinforce its potential as a strategic component in a forward-looking investment portfolio.

Ivan Montik, Founder of SOFTSWISS, comments: “While crypto remains a risky asset, its long-term growth potential and increasing institutional adoption suggest it could be a valuable addition to a diversified retirement portfolio. The key is understanding the asset, investing consistently, and viewing it as a long-term strategy rather than a short-term speculation.”

Consider this strategy based on the past decade: saving €100 per month over ten years would result in €12,000 with little to no return if kept in a bank or at home. However, investing that same €100 monthly in Bitcoin could have transformed those €12,000 into over €120,000. This remarkable growth illustrates Bitcoin’s potential to significantly enhance long-term savings or provide substantial financial security for retirement.

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

Is Crypto a New Payment Standard?

The era of cryptocurrency as a purely speculative asset has passed. Businesses and consumers now demand real utility, with crypto payments rapidly becoming an industry standard. The adoption curve is evolving – what was once considered an alternative is now a necessity. Seamless, low-cost, and fast transactions are no longer merely advantages; they have become fundamental expectations.

Max Krupyshev, CEO at CoinsPaid, comments: “The shift from holding to spending will be one of the biggest transformations of 2025. At CoinsPaid, we see real businesses using crypto payments every day. It’s not just about holding anymore – it’s about spending. Expect more companies to accept and settle in crypto, making it as easy as using a credit card. And yes, customised tokens are part of this too – they’re fun, they’re liquid, and they work.”

Proprietary Tokens for Player Engagement

An influential trend in iGaming established brands like Rollbit and Shuffle leveraging proprietary tokens to enhance player engagement. These gaming-specific tokens offer benefits like seamless platform integration, reduced volatility, and exclusive perks, driving innovation in payment methods and business growth.

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

Proprietary tokens allow casinos to create internal ecosystems with unique bonuses and advantages, potentially extending to external partnerships, such as voucher rewards with major brands. This strategy boosts marketing efforts and strengthens player loyalty. However, developing and maintaining a proprietary currency requires significant resources, including a substantial marketing budget to build trust and encourage adoption. These challenges can divert focus from the core mission of delivering quality entertainment and gaming experiences.

The experts summarise: “The crypto industry has always been about pushing boundaries, and 2025 will be the year we stop talking about potential and start seeing real-world utility at scale. This year crypto stops being just an asset class and starts being the backbone of global finance. The focus is shifting to utility, efficiency, and real-world integration, and the companies that adapt will lead the next wave of innovation. The future of payments isn’t coming – it’s already here.”

 

About SOFTSWISS

SOFTSWISS is an international technology company with over 15 years of experience in developing innovative solutions for the iGaming industry. SOFTSWISS holds a number of gaming licences and provides comprehensive software for managing iGaming projects. The company’s product portfolio includes the Online Casino Platform, the Game Aggregator with over 27,800 casino games, the Affilka Affiliate Platform, the Sportsbook Software and the Jackpot Aggregator. In 2013, SOFTSWISS revolutionised the industry by introducing the world’s first Bitcoin-optimised online casino solution. The expert team, based in Malta, Poland, and Georgia, counts over 2,000 employees.

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

The post What Are the Game-Changing Crypto Trends in 2025? Highlights from SOFTSWISS appeared first on European Gaming Industry News.

Continue Reading

Cryptocurrency

NBA star Tristan Thompson signs for Sportsbet.io

Published

on

nba-star-tristan-thompson-signs-for-sportsbet.io
Reading Time: < 1 minute

 

NBA superstar Tristan Thompson is the latest big name to partner with Sportsbet.io, the world’s favorite crypto-first sports betting site, as its newest global ambassador.

Thompson, a Cleveland Cavaliers center and 2016 NBA Championship winner, will bring his star power and passion for cryptocurrency to the Sportsbet.io community for the next two years.

The Canadian basketball legend will be sharing his views on the latest action for Sportsbet.io, where fans will have the opportunity to take part in some exclusive promotions.

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

Tristan Thompson, Sportsbet.io ambassador, said: “Sportsbet.io brings together my two biggest passions: sports and cryptocurrency. I’ve been following the crypto sector for some time now and have seen how transformative it can be. There’s no better place to combine that with my love of sports than Sportsbet.io.”

Shane Anderson, Director Partnership, Content and Brand, Yolo Entertainment, the operator of Sportsbet.io, added: “We’d like to give a huge Sportsbet.io welcome to Tristan, an elite athlete whose passion for both basketball and cryptocurrency makes him a perfect match for us. We’re thrilled to have him on the team, and we already have some exciting plans in the works. Watch this space.”

Thompson’s crypto credentials are already well established; he’s been a vocal supporter of Bitcoin, and recently celebrated as it reached a new all-time high in price.

He will be providing weekly betting tips on a range of sports, including NFL, MLB, European soccer, tennis, golf, UFC and boxing.

The partnership with Thompson marks another exciting new chapter for Sportsbet.io, which has earned a reputation for both its innovative approach to gaming, and its star-studded line-up of ambassadors, including cricket legend Brett Lee, Kenyan rapper King Kaka and many more.

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

Sportsbet.io is also an official partner of LALIGA and Newcastle United.

The post NBA star Tristan Thompson signs for Sportsbet.io appeared first on European Gaming Industry News.

Continue Reading

$TRUMP

Rivalry Adds $TRUMP Meme Coin as Crypto Payment Method

Published

on

rivalry-adds-$trump-meme-coin-as-crypto-payment-method

 Rivalry Corp. (the “Company” or “Rivalry”) (TSXV: RVLY)
(OTCQX: RVLCF) (FSE: 9VK), the leading sportsbook and iGaming operator for digital-first players, today announced it has added U.S. President-elect Donald Trump’s official Solana cryptocurrency ‘$TRUMP’ as an accepted payment method.

Ahead of the U.S. Presidential Inauguration on January 20th, Rivalry users are now able to deposit and wager using $TRUMP, a cryptocurrency on the Solana blockchain which currently has a fully diluted value of over USD $30 billion. The addition of $TRUMP as a payment method on Rivalry comes less than 24 hours after the President-elect released the cryptocurrency on Friday evening.

”Meme coins are attention monetized, and the release of $TRUMP just days before an Inauguration is a quintessential internet and crypto culture-driven moment which enabled it to eclipse $30 billion in fully diluted value shortly after its debut” said Steven Salz, Co-Founder and CEO of Rivalry. “Rapidly deploying $TRUMP as a deposit method in less than 24 hours is a testament to our ability to identify and lean into these universal cultural moments, layer it into our core crypto gambling experience, and deliver first-of-its-kind experiences to our users.”

Additionally, Rivalry customers wagering on-site with $TRUMP will receive exclusive rewards through February 1, 2025 in recognition of the upcoming Presidential Inauguration, including multiplying the amount of NUTZ–the Company’s native token–players earn on every bet by 20x, a reflection of the inauguration on Monday, January 20, 2025.

With the acceptance of $TRUMP, along with a number of other major cryptocurrencies as part of Rivalry’s crypto-first approach, the Company has ongoing treasury holdings of various major cryptocurrencies and meme coins that it accepts as a deposit option. The Company will continue to add additional cryptocurrencies as needed to support its player base and continual expansion into the crypto gambling segment.

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

$TRUMP as a payment method will be available to Rivalry users in jurisdictions which apply to the Company’s Isle of Man license only.

The post Rivalry Adds $TRUMP Meme Coin as Crypto Payment Method appeared first on Gaming and Gambling Industry in the Americas.

Continue Reading

Trending