GZIRA, Malta, September 12, 2022 /PRNewswire/ — Cryptocurrency expansion continues to cover all areas of entertainment, including the dynamic iGaming industry. Sensitive to high-tech trends, online gambling is entering a new stage, where a cryptographic community of players and operators is being formed. SOFTSWISS, a leading software provider for iGaming projects, presents the latest analysis of its cryptocurrency data for the first half of 2022.
iGaming State of Crypto H1 2022 by SOFTSWISS
Bitmap: growth of total bets
Overview of fiat and cryptocurrency rates
The data presented in company report reflect the state of crypto in the first half of 2022 compared to the same period last year. It is based on the results of the company’s most sought-after products: the SOFTSWISS casino platform and the SOFTSWISS game aggregator.
Total bets: How is the market developing?
Before considering crypto trends, it is important to start by reviewing the general state of the iGaming market. Indicators such as Total Bet Sum clearly demonstrate the development of the industry. SOFTSWISS data confirms that interest in iGaming is growing from year to year. The sum of all bets shows an increase 46.4 % compared to the first half of 2021. This increase is almost 247% compared to the same period in 2020.
When will cryptocurrency rates outperform fiat currency?
This is a question that becomes logical when you look at the dynamic growth of crypto and fiat and cryptocurrency betting. holding 34.8% Of the total bets in the first half of this year, digital coins continue to take their share of the bets made. this increase 5% compared to data collected a year ago.
At the same time, analyzing the ratio of different currencies for the first two quarters of 2022, the cryptocurrency lost 2.37% from his shares. This seems to be a short-term trend, despite the overall increase.
“This slight decline in the second quarter should not affect the overall trend towards an increase in the share of cryptocurrencies in total staking. We have seen steady growth for several years, which helps in the development of the crypto game. The crypto community is growing among gamers. The interests of this audience now largely influence the growth of the entire industry. Operators that meet the needs of this community gain a competitive edge and become market leaders,” he said. Vitaly Matsukevich, COO of SOFTSWISS.
Which digital currencies are catching up with Bitcoin?
No wonder Bitcoin remains the most popular digital currency in the iGaming industry. 71.2% in the first half of 2022. However, there is an obvious upward trend in Ethereum with the growth 7% in the first half of 2022. Today Ethereum holds almost fifteen% stock. The upper podium is still closed by Litecoin, which is also showing growth 2.15%.
A complete list of major cryptocurrencies is available at SOFTSWISS report.
The next step for Crypto Gambling. What will it be?
Despite a slight decrease in cryptocurrency rates in the second quarter of 2022, the overall picture shows that cryptocurrencies are increasingly penetrating the iGaming industry, as well as other entertainment sectors. However, the regulation of markets around the world and the diversification of cryptocurrencies are likely to have a significant impact on the development of iGaming in the coming years.
“Stronger regulation of crypto transactions will certainly affect the speed of development of this business sector. However, the huge potential of crypto projects and, consequently, the interest from the leading representatives of the industry will play a decisive role. We will see further growth in this niche coupled with a new, out-of-the-box approach to gaming gamification with novelties such as NFTs and tokens.” concluded Vitaly Matsukevich, COO of SOFTSWISS.
SOFTSWISS is an international iGaming brand offering certified and widely recognized gaming management software solutions. SOFTSWISS holds multiple gaming licenses and provides one-stop iGaming solutions. In 2013, SOFTSWISS was the first in the world to introduce an online casino solution optimized for bitcoin.
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