Report shows cryptocurrencies remained popular among online players in first half of 2023
SOFTSWISS, an iGaming solutions provider, has released its half-annual cryptocurrency report, which revealed a 16.5% year-on-year growth in terms of the amount of money wagered during 1H23 and there were 83.6% more bets placed using crypto when compared to the second half of 2022.
The statistics have been compiled utilizing data from around 500 online gaming brands currently powered by the SOFTSWISS platforms.
Overall, cryptocurrencies accounted for 29.5% of the total wagered amount during the first half of the year 2023 which was quite steady with the same period in 2022, indicating "continued player interest in this option regardless of fluctuations in cryptocurrency rates."
However, the average bet using crypto continues to fluctuate, dropping from €2.84 in 1H22 to €1.69 in 2H22 before rising back to €1.80 in 1H23.
SOFTSWISS Co-CEO Andrey Starovoitov said:
"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."
According to the SOFTSWISS Online Casino Platform, the top 5 most used digital coins remained unchanged in 2022-2023.
Among cryptocurrencies, Bitcoin continues to dominate with its share of bets received rising to 76.2%. Ethereum, which lost share, came in second with 9% followed by Litecoin (5.5%), Tether (4.7%) and Dogecoin (2.6%).
Starovoitov added:
"Despite fluctuations in cryptocurrency rates and changes in their shares in the iGaming market, digital coins continue to be popular among players. SOFTSWISS, as the ‘number one' provider offering cutting-edge crypto solutions, creates a robust ecosystem for the iGaming industry.
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. In a rapidly changing digital landscape, success will favor only those adept at harnessing emerging trends and quickly adapting to the escalating demands of sophisticated audiences."
Here is a list of BankrollMob's favourite crypto-friendly gambling sites:
PLAY
Mirax Casino20 Free Spins on "Dig Dig DiggerT&C appliesGet 20 Free Spins on "Dig Dig Digger" no deposit is required! (bonus code: MX20) + 100% Up to $1500 or 5BTC
PLAY
BetChain20 Free SpinsT&C appliesGet 20 Free Spins No Deposit Bonus plus 100% up to 1BTC / 200 EUR + 200 Free Spins on your 1st deposit!
PLAY
Yoju15 Free Spins T&C applies15 Free Spins (no deposit bonus)* on the legendary “Elvis Frog in Vegas” & a massive $€ 2000 (or 5 BTC) & 225 Free Spins Welcome Package with your first 4 deposits!
*Eligible countries for No Deposit Bonus: AU, NZ, CA, IE, CZ, DE, DK
PLAY
1xBit50 Free SpinsT&C applies1xBit offers BankrollMob.com Members 50 No Deposit Spins on Primal Hunt + 125% Deposit Bonus up to 8.75 BTC & 250 Free Spins!
Use one of the following promo codes when you register your account:
No Deposit Bonus: BRM2024
Deposit Bonus: BRM125
PLAY
Cloudbetup to $2500 CashT&C applies$2,500 in Welcome Package rewards, 10% rakeback from day one, and daily cash drops, you'll be rewarded from your very first bet – all the way through your first 30 days.
• Most countries accepted
• Deposits and withdrawals processed in minutes
• Casino, live casino & sportsbook
PLAY
mBit Casino1 BTC and 250 free spinsT&C appliesMake your first deposit at mBitCasino and enjoy up to 1 BTC and 250 free spins on the house!
The premier bitcoin experience is waiting for you at mBitCasino!
PLAY
Rounder Casino500% up to 10,000 USDTT&C appliesGet a 500% up to 10,000 USDT Welcome Bonus for poker & casino when joining RounderCasino - a trusted site that accepts most countries.
PLAY 1xBit125% up to 8.75 BTC + 250 FST&C applies1xBit (VPN allowed, instant cash outs, no ID checks) offers BankrollMob.com Members 50 No Deposit Spins on Primal Hunt + 125% Deposit Bonus up to 8.75 BTC + 250 Free Spins that can be used on casino & beting!
Use one of the following promo codes when you register your account:
No Deposit Bonus: BRM2024
Deposit Bonus: BRM125
Source: https://europeangaming.eu/portal/latest-news/2023/08/10/141177/83-crypto-growth-softswiss-reveals-igaming-insights/
