SOFTSWISS State of Crypto Gambling in 2021 And 2022 Forecast

SOFTSWISS has well prepared comprehensive analytics on the point out of crypto gambling in 2021, and also offered forecasts for 2022. 

SOFTSWISS was the world’s initial company to introduce a cryptocurrency-optimised answer for on line casinos platforms in 2013. At the second, the firm holds the standing of the iGaming sector leader in crypto gambling. The business shares data and testimonials on the growth of cryptocurrencies in the iGaming marketplace on a typical foundation.

The details delivered in the posting is a portion of the company’s detailed report on the point out of cryptocurrencies in 2021. It provides the success of the SOFTSWISS Video game Aggregator and the SOFTSWISS Casino System.

Crypto bets overview

The increase in the selection of bets in cryptocurrencies during the yr confirms the worldwide trend that the situation of cryptocurrencies has strenghthened and that they are more and more more preferred among the on-line casinos buyers. Сompared to January 2021 when the share of bets designed in  crypto was at 23%, December of the similar 12 months reveals that selection almost doubled to 40.1%. At the very same time, the volume of bets in cryptocurrencies in excess of the exact same time period greater by much more than 2 periods, namely, by 259.21%.

Andrey Starovoitov, COO at SOFTSWISS, commented:

“Cryptocurrencies have lengthy been not just a craze in the gambling marketplace, but an apparent phase in its evolution. With major added benefits associated to transaction pace, as nicely as large current market boundaries, the use of cryptocurrencies opens up important options for both equally gamers and operators. This leads to their constant growth. These market associates who won’t build their enterprise in this way in the around long run hazard getting rid of a aggressive benefit in the “battle” for end users. Our studies evidently display this.”

Crypto and fiat currencies

Even with the truth that fiat currencies are nonetheless the most favored solution for betting, crypto is gradually but steadily rising in its share. In excess of the 12 months, the proportion of bets in fiat currencies reduced by 23.6 percentage points: from 88.2% in 2020 to 64.6% in 2021. In its flip, cryptocurrencies showed a progress of 20.1 proportion details.

Andrey Starovoitov, COO at SOFTSWISS, stated:

“Cryptocurrencies have prolonged ceased to be an attribute of IT geeks. This is a world phenomenon and its effect on the worldwide financial state simply cannot be denied. The iGaming market is adapting to a new truth in which cryptocurrencies will come to be as vital (if not more essential) than fiat in the up coming pair of years. Benefit, velocity, and usability are their large advantages. SOFTSWISS took into account all these aspects and designed an total ecosystem for its purchasers, which, in portion, is created achievable by the Cryptoprocessing remedy by CoinsPaid.”

Major cryptocurrencies

Bitcoin continue to occupies a primary position by a substantial margin among the altcoins: 80.11% of all crypto bets are produced employing BTC. In accordance to the share of all cryptocurrencies utilized, the checklist of the most well-liked coins is as follows:

  1. Bitcoin (BTC) 80.11%
  2. Ethereum (ETH) 9.88%
  3. Litecoin (LTC) 4.52%

At the very same time, the share of Bitcoin by the stop of 2021 diminished in contrast to the commencing of the 12 months: from 83% in Q1 to 72.32% in Q4. This is associated to the developing desire of users in this kind of a cryptocurrency as Ethereum. Its share improved from 9% in the initial quarter to 14.12% in the very last quarter of 2021.

Top crypto companies in the iGaming market place

Under is the record of providers actively performing with crypto based on the share of all crypto bets in 2021. According to the figures, BGaming gamers most normally applied cryptocurrencies in online games and ensured the share of bets in crypto at the amount of 21.10% of the total:

  1. BGaming 21,10%
  2. Platipus 13,53%
  3. Evolution 13,47%
  4. Booming 10,76%
  5. Betsoft 7,08%

To obtain out additional information about the most crypto-oriented game titles, prosperous companies inside of the framework of running crypto-casinos, as effectively as stats on crypto-currencies in the context of GGR, download the full report.

Andrey Starovoitov, COO at SOFTSWISS, concluded:

“Cryptocurrency permits on line casino and dice web page operators to operate with a younger audience. In this regard, the SOFTSWISS Crypto Option will develop into an indispensable instrument that adapts classical working designs to modern-day requests. We have each individual purpose to think that the share of cryptocurrencies will keep on to grow this yr and, accordingly, will open up up even a lot more options for iGaming associates. In flip, we have encounter, innovation and expertise to enable both equally rookies and experienced players in the industry to make the most of these possibilities.”