SOFTSWISS summarizes Ambiguous 2022

GZIRA, Malta, 22 February 2023 /PRNewswire/ — The last year’s global turbulence has affected various crypto-related business sectors, with iGaming being no exception. Crypto future predictions require considering the 2022 results first. SOFTSWISS, a leading technology provider for iGaming, has analyzed the past year’s data to share an expert crypto report.

A pioneer in crypto gambling with his Crypto Casino Solution and 10 years of market expertise, SOFTSWISS analyzes quarterly crypto the market to share insights with the industry. The tech-savvy developer presents its latest crypto report 2022 vs 2021, based on input from 700 clients of Game Aggregator and Casino Platform by SOFTSWISS.

2022 VS 2021

Despite last year’s crypto fluctuations, the total bets, both in fiat and digital coins, through the provider’s platform increased by 31% compared to 2021. GGR, the difference between the amount bet and the amount won, also grew by 36% YoY.

In Q2 2022, the total stakes passed 20 billion euros brand. The indicator had grown steadily until the end of 2022. The average total effort increased by 35% QoQ. Compared to 2021, the quarterly average GGR increased 2.7 times, showing 38% of growth.

Vitaly MatsukevichChief Operating Officer at SOFTSWISS, comments: “The increasing number of new fiat projects does not diminish the power of those already established worldwide crypto society. There remains a strong drive for iGaming operators to implement and expand crypto payments and develop new ones crypto-centric tools. For example, we have launched the in-game currency conversion feature to enable automatic conversion of digital coin stakes to fiat stakes.”

FIAT VS CRYPTO

Compared to 2021, the total amount is crypto stakes fell another 14.6% 20.2 billion euros. The 3.5 billion euros let go crypto side affected fiat stock growth. By the end of 2022, total fiat games accounted for 76% of total player stakes.

MOST USED DIGITAL COINS

Despite a drop of over 60% in price by 2022, Bitcoin is still in the lead, and accounts for 72.7% of the total crypto game. At the same time, this digital coin has lost 7.4 pp since 2021. Ethereum has improved its popularity among players, gaining 3.7 pp

Review of 2022 the 3 most used cryptocurrencies are:

• Bitcoin – 72.7%
• Ethereum – 13.6%
• Litecoin – 5.5%

The detailed overview, including DOG, USDT and BCH, is available in the report.

Vitaly MatsukevichChief Operating Officer at SOFTSWISS, sums up: “2022 was not as bright for digital currencies and NFTs as 2021. We are optimistic about 2023 and confident that players will not stop choosing crypto due to transaction speed, anonymity and decentralized nature. Despite the fluctuations, crypto has already gained a good foothold and has become an integral part of the market. For this reason, SOFTSWISS continues to strengthen its partners’ projects, whether fiat or cryptowith new innovative tools and solutions that provide operators with safety, reliability and top-level service.”

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Image – https://mma.prnewswire.com/media/2007030/Total_Bets_and_GGR_YoY.jpg
Image – https://mma.prnewswire.com/media/2007032/Total_Bets_and_GGR_QoQ.jpg
Image – https://mma.prnewswire.com/media/2007031/Fiat_VS_Crypto.jpg
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SOURCE SOFTSWISS