(Information sent by the signatory company)
GZIRA, Malta, Feb. 22, 2023 /PRNewswire/ -- The global turmoil of the past year has affected various cryptocurrency-related business sectors, and iGaming is no exception. Predictions about the future of cryptocurrency require addressing the results of 2022 first. SOFTSWISS, a leading technology provider for iGaming, has analyzed last year's data to share an expert crypto report.
SOFTSWISS, a pioneer in crypto gaming with its Crypto Casino solution and 10 years of experience in the market, analyzes the crypto market quarterly to share information with the sector. The tech-savvy developer presents his latest report on crypto 2022 vs 2021, based on input from 700 customers of the SOFTSWISS Games Aggregator and Casino Platform.
2022 FRONT OF 2021
Despite fluctuations in cryptocurrencies in the last year, total bets, both in fiat and digital currencies, through the provider's platform increased by 31% compared to 2021. The GGR, the difference between the amount bet and the amount earned also grew by 36% year-on-year.
In the second quarter of 2022, the total bets exceeded the barrier of 20,000 million euros. The indicator had not stopped growing until the end of 2022. Average total bets increased by 35% QoQ. Compared to 2021, average quarterly GGR increased 2.7 times, showing 38% growth.
Vitali Matsukevich, COO of SOFTSWISS, commented: "The growing number of new fiat projects does not diminish the power of the already established global crypto community. There remains strong momentum for iGaming operators to implement and scale up cryptocurrency payments and develop new cryptocurrency-focused tools. For example, we've launched the in-game currency conversion feature to enable automatic conversion of digital currency bets to fiat bets."
FIAT VS CRYPTO
Compared to 2021, the global amount of crypto bets decreased by 14.6%, to €20.2 billion. The drop of 3.5 billion euros on the crypto side influenced the growth of the fiat share. At the end of 2022, total fiat bets accounted for 76% of total player bets.
MOST USED DIGITAL CURRENCIES
Despite falling more than 60% in price in 2022, Bitcoin is still in the lead, with 72.7% of total crypto bets. At the same time, this digital currency has lost 7.4 p.p. since 2021. Ethereum has improved in popularity among gamers, gaining 3.7 p.p.
Reviewing the 2022 data, the 3 most used cryptocurrencies are:
The detailed figure, including DOG, USDT, and BCH, is available in this report.
Vitali Matsukevich, COO of SOFTSWISS, explained: "2022 was not as bright for digital currencies and NFTs as 2021. We are optimistic about 2023 and we are confident that players will not stop choosing crypto for its transaction speed, anonymity and decentralized nature.Despite fluctuations, crypto has already taken a strong hold and become an integral part of the market.For this reason, SOFTSWISS continues to strengthen the projects of its partners, be they fiat or crypto, with new tools and innovative solutions, providing operators with security, reliability and a first class service".
Photo - https://mma.prnewswire.com/media/2007033...Photo - https://mma.prnewswire.com/media/2007030...Photo - https://mma.prnewswire.com/media/ 2007032...Photo - https://mma.prnewswire.com/media/2007031...Logo - https://mma.prnewswire.com/media/1556004...
View original content: https://www.prnewswire.com/news-releases/las-criptoapuestas-caen-un-14-6-mientras-que-el-eter-aumenta-su-cuota-softswiss-resume-el-ambiguo-2022--301753129.html
