SOFTSWISS has presented the latest crypto gaming trends report for H1 2023, gathering data collected from over 500 brands that use the company's tech services. SOFTSWISS Online Casino Platform introduced a crypto-centric feature in 2022, allowing players to make crypto bets in games designed for fiat currency transactions.
The report presents in-game currency conversion data to determine crypto gaming trends for the first half of 2023.
iGaming in H1 2023: General Insights
SOFTSWISS reports that the iGaming market grew significantly in the first half of the year when compared to the same period last year. The wagered amount in H1 2023 is 37% higher than the previous year, and the number of bets increased by a remarkable 49%.
The average fiat and total bets show only minor fluctuations when looking at the first and second half of 2022 and the first half of 2023. The numbers are relatively stable, with fluctuation within the 4-9 p.p. range.
Crypto Gaming Trends Report
When comparing crypto bets between H1 2022 and H1 2023, the report shows a steady 16.5% growth in monetary terms. An evident growth happened in the number of crypto bets, which has soared by 83.6% when compared to the second half of 2022. Crypto bets took 29.5% of the total wagered amount in the last six months, remaining consistent compared to the second half of 2022.
The average crypto bet dropped from 2.84 euros in H1 2022 to 1.80 in H1 2023, but with the mentioned rise in the number of crypto bets, the overall percentage and numbers remain stable.
Andrey Starovoitov, Co-CEO at SOFTSWISS, commented on the state of the crypto market: “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.
Most used cryptocurrencies remained pretty much the same in H1 2023 as they were in 2022, and they are as follows:
- Bitcoin – 76.2%
- Ethereum – 9.0%
- Litecoin – 5.5%
- Tether – 4.7%
- Dogecoin – 2.6%
“Despite fluctuations in cryptocurrency rates and changes in their shares in the iGaming market, digital coins continue to be popular among players,” Starovoitov added.
