Unstoppable growth of cryptocurrencies: SOFTSWISS shares iGaming Trends 2022

SOFTSWISS

Gzira, Malta, March 12, 2019 / PRNewswire /

SOFTSWISS: iGaming Crypto Trends 2022

Over the last 2 years, cryptocurrency revenue has grown significantly in the iGaming industry. The recently released SOFTSWISS company report confirms the growing acceptance of cryptocurrencies.

As a leader in cryptocurrency, SOFTSWISS announces the comparative data for Q1 2021 and 2022 based on the results of SOFTSWISS Game Aggregator and SOFTSWISS Casino Platform.

Crypto betting: x2 growth

In addition to the global trend showing the growing popularity of cryptocurrencies, the SOFTSWISS corporate report also documents the continued development of crypto-gambling. According to statistics, the sum of bets in digital coins more than increased in the first quarter of 2022 compared to the same period last year doubled . More precisely, she is with 116.7% increased.

“Crypto gambling has emerged as a separate, full-fledged and extremely promising industry. Brands that are adapted to these conditions have the advantage of having wider uses and thus reaching a wider audience.” Andrey Starovoitov, COO and SOFTSWISS.

Gambling stocks in crypto and fiat currencies: erases the difference

Fiat currencies are with a share of 64% still leading in terms of total volume. However, the share of cryptocurrencies is steadily increasing. Compared to the same period last year, the share of cryptocurrencies increased by almost 10 percent in the first quarter of 2022: from 26.3% to 35.9%. Compared to the first quarter of 2020, the share of cryptocurrencies with 29 per cent increased. If this momentum continues, the share of fiat and cryptocurrencies could level off over the next year.

Top cryptocurrencies: Bitcoin’s share falls

Though Bitcoin has been the preferred cryptocurrency since the launch of SOFTSWISS, its share fell by 10 percentage points in the first quarter of 2022. This is due to the growing interest in Ethereum and Litecoin, the big altcoins. Their share increased by 3.45% and 2.95% respectively. The exact share of the 3 best cryptocurrencies in Q1 2022:

1. Bitcoin (BTC) 72.80%

2. Ethereum (ETC) 13.45%

Litecoin (LTH) 6.45%

Andrey Starovoitov, COO at SOFTSWISS, commented: “Bitcoin will continue to be the leading cryptocurrency for deposits in the near future. However, the strong growth of other altcoins is showing interest in more technologically advanced coins like Ethereum. Multiple players will prefer to diversify their funds with other cryptocurrencies. This is a positive trend related to the development of the market. “

The complete list of the most commonly used coins can be found in the SOFTSWISS report.

Crypto Gambling 2022: What Can You Expect?

According to SOFTSWISS Q1 results, cryptocurrencies will continue to grow, which will also affect the share of coins. The diversification of cryptocurrencies used for betting will be one of the main trends that will affect the industry.

“Heavier regulation of traditional casinos will also attract new operators to the crypto niche. We will see active growth in this segment as most of the current market leaders enter the niche. Based on our experience, we can show you what you need for a successful crypto project: crypto-processing like Coinspaid, crypto-exchange services and in-game currency conversion into a wider range of gaming content. However, new needs are already emerging. For example, using NFTs to enhance the gaming experience and build a community of like-minded online casinos “, summarizes Andrey Starovoitov, COO at SOFTSWISS.

Information about SOFTSWISS

SOFTSWISS is an international brand offering widely recognized, certified software solutions for managing iGaming activities. SOFTSWISS has multiple gaming licenses and offers iGaming solutions from a single source. In 2013, SOFTSWISS was the first company in the world to introduce an online casino solution optimized for Bitcoin.

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Press contact:

Alexandra Kavelich alexandra.kavelich@softswiss.com,
+995551188397

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