A lucky CryptoSlots player by the nickname QUEENSHERE has scored a $1 million jackpot in a single spin. The lucky gambler was enjoying the company’s exclusive Jackpot Trigger game when he hit the life-changing win.

According to CryptoSlots, the winner succeeded in matching both the color and number and landing three red triple 7’s, earning him the remarkable sum of $1 million.

For context, the Jackpot Trigger game, which only CryptoSlots players can experience, offers participants the chance to use tokens earned playing other games. For every $100 players win on other games, they are eligible to receive one Jackpot Trigger Token, effectively allowing them to further boost their winnings.

QUEENSHERE’s win is but the latest in a string of significant wins by CryptoSlots players. While no one had succeeded in winning $1 million playing Jackpot Trigger since another lucky player won a similar prize in 2022, earlier this year, the crypto gambling operator handed out a $100,000 win to a player known as WHAMZY09.

Overall, Jackpot Trigger has so far handed multiple $100,000 prizes to players and two $1 million prizes.

QUEENSHERE Plans to Start a New Chapter in His Life

QUEENSHERE was invited to comment on his win. The player described the experience as unforgettable and suggested that it might prompt him to introduce significant changes to his life. The winner, who preferred not to reveal his real name, said that he is considering quitting his job and buying a Lamborghini.

Additionally, QUEENSHERE said that he is eyeing opportunities abroad and is thinking of “starting a new chapter” in his life.

The possibilities are endless, and I am truly grateful for this incredible opportunity.

QUEENSHERE statement

Michael Hilary, CryptoSlots’ manager, commented on the matter, praising QUEENSHERE for his win. Hilary called the jackpot win a “momentous achievement,” noting that this is only the second occasion someone has hit the $1 million jackpot in a single spin.

The manager added that the Jackpot Trigger game is designed to provide players with a shot at life-changing prizes that allow them to be who they want to be.

This game is sure to captivate players who appreciate the finer things in life and aspire to live a life of extravagance. Explore the possibilities of luxury and wealth as you spin the reels and chase after life-changing wins just like our recent jackpot winner!

Michael Hilary, manager, CryptoSlots

In the meantime, the crypto iGaming operator continues to innovate and offer exciting prizes and opportunities to its players.

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In his recent column, Tom Waterhouse from Waterhouse VC delves into the burgeoning opportunity of crypto wagering and how operators can distinguish themselves in an intensely competitive landscape.

Waterhouse underscores the quote by Steve Jobs, stating, “Innovation is the ability to see change as an opportunity, not a threat.” He highlights that the wagering industry has historically led innovation in areas such as user experience (UX), marketing strategies, and payment solutions. Crypto operators, like Sportsbet.io and Stake.com, are exemplars in this space, boasting UX comparable to traditional fiat-based platforms such as FanDuel and DraftKings while pioneering advancements in marketing and payments.

Unprecedented Turnover and Market Impact

As of May 2022, Sportsbet.io reported a staggering turnover of US$2.7 billion per month, a figure that likely continues to grow. For context, in 2023, Australia’s largest operator averaged US$1 billion in monthly turnover, commanding approximately 45% of the national market share.

The Power of Micro-Influencers

Waterhouse notes the dominance of crypto wagering giants like Stake, which leverage influencer marketing through high-profile collaborations, including partnerships with celebrities like Drake. In contrast, emerging platforms such as Shuffle.com target micro-influencers with smaller yet fiercely dedicated followings of 1,000 to 10,000 engaged fans. This strategy proves cost-effective, as these influencers often yield higher returns per dollar spent compared to influencers with larger, less engaged audiences.

Shuffle: A New Player in Crypto Wagering

Launched in 2023, Shuffle has rapidly carved out a niche in the crypto wagering sector, facilitating over US$6 billion in bets to date. Led by Noah Dummett, whose expertise stems from roles in high-growth crypto exchanges like Bitmex, Shuffle aims to rival the scale and profitability of its exchange predecessors.

Strategic Growth and Marketing Initiatives

Shuffle’s approach includes strategic partnerships with Tier 1 sports teams and mainstream celebrities, akin to industry leaders like Stake. However, it initially focuses on securing high-return advertising deals before pursuing larger-scale endorsements. This meticulous strategy ensures optimal conversion rates for every marketing dollar spent.

Enhancing User Experience and Retention

Critical to Shuffle’s success is its commitment to user engagement and retention. The platform features a custom-built UI and proprietary games designed for speed and seamless navigation. Notably, Shuffle’s casino games boast industry-leading Return to Player (RTP) rates, with house games at 99% and slots at 97%.

The Role of B2B Suppliers in Innovation

Waterhouse VC emphasizes the importance of B2B suppliers in driving innovation within the wagering industry. By investing in these suppliers rather than direct-to-consumer operators, Waterhouse VC believes in fostering differentiation through superior product offerings and enhanced user experiences.

Market Penetration and Localization Strategies

New entrants in the wagering market can maximize success by focusing on niche markets devoid of dominant players, as demonstrated by Shuffle’s early success in Japan. Waterhouse advises leveraging local expertise and cultural alignment to optimize marketing strategies in diverse regions, such as newly regulated markets like Brazil.

Companies like Shuffle, Stake, and Sportsbet.io exemplify how innovation in product differentiation, marketing strategies, and user experience can propel rapid growth in the competitive wagering industry. By staying agile and attuned to market dynamics, these operators continue to shape the future of crypto wagering.

Source: “Waterhouse VC: Crypto wagering”, iGaming Business, June 18, 2024.

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Online betting has benefitted significantly from improved technology and connectivity. However, as technology, websites, and apps continue to develop, so do the sophisticated techniques that cybercriminals use to hack sites and gain access to sensitive information.

Betting expert Kane Pepi describes the safety and regulation of online casinos as one of the most important factors for consumers to consider when choosing one, especially when seeking alternatives to big names like Stake Casino. Choosing online casinos that hold regulatory licenses ensures they operate in a fair and transparent way. (Source: https://www.valuewalk.com/cryptocurrency/best-stake-casino-alternatives/)

While traditional casinos continue to battle cyber attacks and regularly update security procedures, crypto casinos offer a higher level of security that has seen them grow in popularity in recent years.

The Issues Traditional Online Casinos Face

Traditional casinos require players to provide a lot of sensitive data to prove who they are, that they are old enough to bet in their respective jurisdictions, and to make payments. Having to trust different websites with personal and banking information can be a risk, especially if you do not know the measures the operators are taking to keep it safe.

There are many threats that online casinos face including ransomware, DDoS attacks, phishing scams, data breaches, and account takeovers. These can all lead to the consumer losing personal information which can then be used by the attackers.

Account takeovers can also result in cybercriminals having access to customer funds and loyalty benefits.

Traditional casinos invest millions every year into their defences, and because it is an ongoing threat, the cost will typically be passed on to the customer in one way or another.

The Rise of Crypto Casinos

The online betting industry was one of the first to embrace cryptocurrencies as a payment method, and the two have grown together since then. Dedicated crypto casinos and traditional online casinos that offer crypto as one of a variety of payment methods have broadened their market share and made it easier for people around the world to access their facilities.

Casinos have also introduced crash games to simulate the crypto market and appeal to that customer base.

Blockchain Benefits

Using cryptocurrencies at a casino removes the need for players to provide banking information and, in some cases, personal information. All crypto payments are authorised by the digital asset owner confirming the payment with their private, key. The cryptographic code protects the users’ information and allows them to carry out transactions safely.

All crypto transactions are then stored on the blockchain where they can be seen publicly.

Fair and Transparent

Transaction transparency via blockchain ensures operators conduct their business fairly. It allows independent auditors to check the bets placed and the results, making sure customers have a fair chance of winning.

Immutability

As transactions are added to the blockchain, a network of miners secures and validates transaction data. After the transaction is confirmed, it can no longer be altered.

This adds an extra level of security and transparency to all crypto transactions.

Decentralisation

The benefits of a decentralised currency have helped the offshore online casino industry flourish. UK players looking for casinos not on Gamestop Ltd can easily use licensed sites in other jurisdictions when using cryptocurrency.

Crypto transactions are typically quicker than using traditional payment methods, and customers won’t need to worry about exchange rates. Lower transaction fees can also help consumers save money.

Anonymity

No-KYC casinos are those that don’t require customer verification during the sign-up process. This can be a great option for people who don’t like to leave a trail of online activities and transactions and can also minimise the risk of identity theft and fraud.

Players may be required to disclose some information for larger payouts to ensure the operator complies with anti-money laundering regulations.

The Future of Online Gambling

Cryptocurrency transactions are already up by 12% in the first quarter of 2024 and with the iGaming market projected to continue its growth, this figure could rise.

The security and transparency afforded by crypto use in gambling provide peace of mind and a great structure for the industry to grow.

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Juicy Stakes Casino has unveiled a fantastic new promotion for its customers. From June 3 to June 10, customers will be able to experience up to 60 extra spins on two of Betsoft’s most popular digital slot games.

In addition to that, players who make their deposits using Bitcoin will be eligible to receive an extra 30 spins, providing them with extra time to enjoy Betsoft’s hits.

The games in question are Rise of Triton and Wish Granted, two of the provider’s fan-favorite titles, both inspired by mythical themes.

Rise of Triton, for example, is a 5×3 slot that will see players undertake a journey beneath the sea to discover a realm filled with fantastic creatures and tempting treasures. With 40 paylines and high-volatility gameplay, the game offers some exciting experiences to all slot connoisseurs. In addition, the game features a Hold & Win bonus round that provides players with the chance to collect pearls for instant prizes.

In the meantime, Wish Granted offers players a night-time adventure in an Arabian setting where they will collect various coins and weapons to win prizes. The 5×3 game sports some 243 ways to win, providing players with a medium volatility experience. Wish Granted also features a Hold & Win bonus round that is activated when players land six or more coin symbols on the reels.

The new promotion is an excellent way for Juicy Stakes players to get familiar with Betsoft’s cutting-edge slot games. Players have until June 10 to claim their extra spins.

A Great Opportunity to See the Advantages of Crypto

Juicy Stakes’ manager, Peter, commented on the offer, saying that cryptocurrency offers multiple advantages. The promotion’s goal is, in part, to raise awareness of the convenience Bitcoin offers.

Not only is it fast and easy to use, but it also has very low transaction fees and enhanced privacy. It’s no surprise that Bitcoin is becoming an increasingly popular depositing method among our players.

Peter, manager, Juicy Stakes

In order to participate in Juicy Stakes Casino’s new promotion, players need to make a qualifying deposit within the promo period. A deposit of $25 or more will earn players 30 extra spins on Rise of Triton. If players made their deposit using Bitcoin, the number of spins would increase to 60.

Players who wish to play Wish Granted, on the other hand, must make a minimum deposit of $50 to unlock 60 spins. If they used Bitcoin, they would instead get a whopping 90 spins.

Players can use the promo codes available to claim both offers. The extra spins will be provided to players within 48 hours of the deposit. A detail gamblers should keep in mind is that the maximum cash-out from the bonus spins will be capped at $250.

More information about this deal and how to claim it is available on Juicy Stakes’ official website.

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Brazil, one of the largest regulated iGaming markets in the world, has set new rules which ban the use of credit cards and crypto currencies for payments related to gambling and sports betting.

The new rules were published by the Regulatory Policy of the Prizes and Betting Secretariat and the Ministry of Finance on 18 April in the national Official Diary of the Union, in the form of Normative Ordinance Number 615.

This new set of rules represents the beginning of the first stage of a four-part regulatory campaign that was presented last week by the country’s Ministry of Finance. This campaign will ultimately implement Bill 3,626, which was ratified by the Brazilian president in December 2023. The first stage is expected to be completed by the end of April and it will establish new rules regarding payments, technical aspects and security regulations.

Normative Ordinance Number 615 has established several new rules, with the first and most important being that iGaming operators in Brazil can no longer accept payments from credit cards, payments in crypto currencies or in cash. Moreover, payments in the form of payment slips or cheques are also prohibited.

All bets, withdrawals and payouts can be executed only through electronic transfers between the operators and their customers’ accounts. Moreover, the respective accounts have to be previously authorized by the Central Bank of Brazil. Operators will also have the obligation to deny payments from accounts not registered with the respective customer or from third parties.

Intermediaries between players and operators are strictly prohibited, but certain institutions authorized by the Central Bank are allowed to offer accounts on behalf of iGaming operators in some situations, for example to allow players to receive a prize that they won.

Winning Bets Paid Out in Less Than 2 Hours

Normative Ordinance Number 615 has also set a time limit for receiving prize payments on winning bets, operators must deliver that into the player’s account in at most 120 minutes.

The new rules also obligate operators to set up a virtual account for players in which they will be able to analyze details regarding their betting habits. This is expected to allow players to have a better understanding of their financial and betting information and make better decisions when it comes to managing their gameplay.

The respective virtual accounts will display the respective player’s betting history over the previous three years, with key aspects such as the total value of open bets and their financial balance on display.

Operators will also be in charge of managing their liquidity risk, including establishing a financial reserve of at least 5 million Brazilian Real, which would convert in around 950,000 U.S. dollars.

Source: “Credit cards and crypto banned under Brazil payment rules“. iGaming Business. April 18, 2024.

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Mauricio Carrillo-Palacio, Head of Americas and Chief Strategy Officer of GlobiancePay, an ambitious financial technology company, used the recently held ASEAN Gaming Summit in Manila to discuss the impact of crypto-currencies on the iGaming industry, as well as the potential for integration of block chain technology and the industry.

Integrating Options for Crypto and iGaming

Carrillo-Palacio addressed the relations between the transformative technology and the iGaming companies to indicate that the latter could take advantage of the block chain ledger to improve transaction efficiency and user experience. He said that such efficiency could be achieved by enabling these companies to tailor wallets for their clients by integrating crypto payment facilities in their operations.

Carrillo-Palacio told Sigma that the simultaneous use of traditional and crypto currencies is seamlessly feasible. He added that GlobiancePay is committed to expanding crypto and aligning it with traditional banking. According to the executive, this is one of the underlying reasons why the fin-tech company, founded in Europe in 2018, is looking to expand in Asia.

Philippine Expansion Due to High Digital Adoption Rating

The executive also indicates that the Philippine market has an extensive digital assets adoption in its operations to present a lucrative potential for GlobiancePay’s expansion. According to the 2023 Global Crypto Adoption Index of Chainalysis, other Asian countries within the world’s top 20 digital asset adoption ratings are India, Vietnam, Indonesia, Thailand, China, Bangladesh, and Japan.

According to Carrillo-Palacio, the company sees the Philippines as the key market for crypto and block chain integrations into the iGaming industry. Also, GlobiancePay is looking to benefit from the busy Asian market by tailoring diverse payment options.

Cost-Effective Crypto Remittance

One of these options refers to the introduction of a crypto remittance payment facility in the Philippine market. As the country has a large population of overseas workers, Carrillo-Palacio said that GlobiancePay’s revolutionary payment method would offer a cost-effective solution to reduce remittance fees.

Recent data from the Philippine central bank show that private individuals working abroad remitted a record of $37.2 billion (€34.3 billion) back home in 2023. The figure represents a 3% increase over a total of $36.1 billion (€33.3 billion) remitted in 2022. The record amount hit in 2023 representing around 8.5% of the Philippine GDB and 7.7% of gross national income testify about the vast potential for payment providers.

Dynamic Block Chain and Crypto Market Nature

That’s exactly where GlobiancePay sees the potential for expansion and implementation of its solutions. In this respect, Carrillo-Palacio stressed the importance of suitable education of the stakeholders to foster the industry-wide growth of crypto-currency and block chain market. Carrillo-Palacio explained the dynamic nature of these markets driven by block chain technological developments to point out the significance of ensuring knowledge, skills, and regulatory compliance to achieve safety and stability across the industry.

Looking to Become the World’s First Crypto Bank

As a testimony of the value of these operations, the executive said that the pioneering Bitcoin has currently got the potential to be worth more than $100,000 by the end of 2024. Therefore GlobiancePay is committed to becoming the first global crypto bank. According to Carrillo-Palacio, the company aims to install a fully regulated and democratized access to financial services.

While seeking financial inclusion of the worldwide population, GlobiancePay remain powered by block chain technology in writing – at least – its own history.

Source: “Blockchain, crypto can bring transformative impact to iGaming, says GlobiancePay exec”. SiGMA. April 13, 2024.

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As technology advances, cryptocurrencies become more and more popular. According to the recent SOFTSWISS research, in 2023 the number of people who use crypto to place their bets increased by more than 20%.

Changes in the iGaming landscape

Current predictions say that by 2030 the iGaming market will double, and the estimated compound annual growth rate would be 11.7%. When it comes to revenue, it is estimated that it will reach 140 billion euros.

SOFTSWISS, one of the leaders in the field of crypto iGaming software development, researched the crypto market and gathered data from more than 600 brands. According to the research, the iGaming market is thriving on a global level – Total Bet Sum recorded annual growth of 38.2%, while Total Bet Count increased by 51.2%.

However, the average bet decreased, and one of the main reasons is an expansion of iGaming across smaller markets, so the decrease is more significant in markets such as Latin America and Africa. On top of that, increased internet availability across the globe, as well as incorporating modern technologies, affected the final result. Another important factor is the growing popularity of iGaming among players under 30, who have limited budgets.

As the research, which began in 2022, has proven, fiat bets are still more popular, and their number is growing faster than crypto bets. Crypto Bet Sum increased by 8.2% in Q4 of 2023, and Fiat Bet Sum recorded an increase of 16.4% annually. Crypto bets were 27.5% of Total Bets Sum in 2023, which is a decrease of 3.9 p.p.

Comparing 2023 to 2022, the Crypto Bet Sum increased by 21.1%, while the Crypto Bet Count increased by 50.5%.

Vitali Matsukevich, Chief Operating Officer at SOFTSWISS, commented: “The advantages of employing digital currencies, such as swift transactions and anonymity, are key drivers for many players. Given these dynamics, the market demands expanding iGaming projects’ opportunities for crypto players. The in-game currency conversion, for example, allows operators to engage players with cryptocurrency assets in games initially designed for fiat transactions. The projects that embrace such possibilities continue gaining more advantageous market positions.”

Most popular cryptocurrencies

In 2023, the average fiat bet was around 0.82 euros, and the crypto bet has been fluctuating between 1.59 and 1.88 euros, but it was more stable than it was in 2022.

The most popular cryptocurrencies in 2023 were Bitcoin (73.3%), Ethereum (9.9%), Litecoin (6.6%), Tether (4.6%), and Dogecoin (3.1%).

Bitcoin is still the most popular cryptocurrency, but compared to the third quarter of 2023, it decreased by 5.7 p.p. On the other hand, Ethereum grew by 4.7 p.p. and Litecoin increased by 2.2 p.p.

Matsukevich commented on this: “The digital currencies market is rapidly expanding, with estimates showing over 50% growth in capitalization in 2023. Despite the risks caused by the high volatility of crypto and its dependence on various factors, using it can bring extra profits for operators. The iGaming industry is promising for investments due to growth in both fiat and crypto markets, but success depends on trustworthy and experienced partners.”

Source: “Time to Invest in Crypto? SOFTSWISS 2023 iGaming Market Overview”. Softswiss. February 28, 2024.

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Amid the growing popularity of cryptocurrencies across the globe, a new form of gambling entertainment emerged, online crypto gambling casinos. While some users buy cryptocurrencies as a form of investment, others would gladly use them to gamble online. Clearly, this raises eyebrows in light of crypto scams and other crypto-related crimes and what happens when such currency is used to gamble online. This is only one of the reasons why some countries do not allow online crypto gambling. The UK is one such country, yet users can freely access such websites and play.

On Tuesday, Sky News released a new report, probing online crypto casinos. The new research uncovered troubling practices that linger within the online vertical. Such include the promotion of crypto casinos by famous individuals such as streamers or social media influencers.

The recent investigation also uncovered that foul play isn’t out of the question, considering that some influencers may be using “fake money” to promote crypto casinos online. Others, the investigation said, may be breaching the established laws in the UK by showing and promoting online how people can access illegal online crypto gambling websites.

Health Secretary Is Worried with the Findings of the New Investigation

The investigation into crypto gambling comes amid changes to the gambling industry in the UK in light of the White Paper on the Gambling Act. Now, according to Sky News, the gambling regulator in the country, the Gambling Commission, may review and investigate the findings of the new research.

Steve Barclay, the Health Secretary, was asked about the rise of online crypto gambling in the UK and the implications it may bring such as problem gambling. He responded that the Health Department is worried about the rise of crypto gambling and the increase in gambling addiction. Moreover, the Health Secretary commended the report that probed into illegal online crypto casinos, acknowledging that this was an important investigation.

Barclay revealed that this summer, seven new gambling addiction treatment centers opened their doors. This, according to him “points to the wider challenge that we have as a country in terms of gambling addiction.” Last but not least, Barclay acknowledged the upcoming changes to the gambling sector explaining that there are interesting findings from the new investigation that may be reviewed further by his colleagues.

Earlier this year, in light of the tragic implosion of the Titan submarine and the death of all members on board, a crypto wagering site was criticized for accepting bets. Reportedly, at the time, a blockchain wagering site has seen some $220,000 wagered on the outcome of the tragedy. The questionable gambling activity was ongoing before the news about the death of the crew members and the implosion of the vessel broke out.

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Following the debut of the In-Game Currency Conversion feature, which was introduced last year, 85% of each crypto casino wager boosted by the SOFTSWISS Casino Platform is made through the aforementioned tool. In this regard, the Casino Platform team has published important insights achieved by analyzing yearly statistics.

Description of In-Game Currency Conversion feature

During 2022, the SOFTSWISS Casino Platform presented the In-Game Currency Conversion feature as mentioned above. The feature is presented as a “crypto-centric solution” that unseals the newest business chances for users and provides players with “more freedom of action.” Additionally, it enables players to transform their cryptocurrencies into as much as 9 fiat currencies, offering them to wager on games that don’t naturally back up crypto. This significantly extends the range of content accessible to crypto-players.

However, the initial thing that the said Casino Platform team observed was the large conversion of regular users of the said feature. This further means that nearly 65-70% of players who have used the mentioned feature minimum of one time, carry on with making more than 90% of their wagers through the “built-in functionality.” These players become repeat users, showing that the feature has discovered its niche and reached product-market fit.

One more important insight is that the “retention rate“ of the group of players who utilize the In-Game Currency Conversion feature is “higher” than those who don’t. However, this may be of much help when it comes to “audience segmentation“ because players like that have more value. Moreover, when players use the feature, they spend twice as much time playing games. Normally, the volume of wagers collected when using the aforementioned feature comes up to 85% of the overall volume of wagers on crypto casinos and up to 21% on fiat and crypto ones.

Commenting on the feature, SOFTSWISS Casino Platform Head, Darya Avtukhovich, said: “SOFTSWISS is one of the pioneers in crypto gambling, and we continue to be a forward-thinking company, integrating features like In-Game Currency Conversion into our product. We understand the industry requirements thanks to our expertise and analytical work, and the result is the constant evolution of the SOFTSWISS Casino Platform, which maintains its status as one of the most reliable on the market.”

A chance to show improvements

With Summit Barcelona 2023 just around the corner, it’s an exceptional opportunity for SOFTSWISS to showcase the newest improvements to its Casino Platform. Relatedly, attendees may meet SOFTSWISS representatives at stand CG58, where they will be able to talk about the newest trends in the online gaming industry as well as the latest solutions that will improve the progress of their business.

Source: “SOFTSWISS In-Game Currency Conversion: 85% of Bets in Crypto Casinos Are Made With In-Game Currency Conversion”, European Gaming, September 8, 2023

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The purpose of the half-year cryptocurrency report is to see how likely cryptocurrencies are to remain part of the gambling industry. The results have been so far promising, with cryptocurrency gambling posting a 16.5% year-over-year in the first half-year of 2023.

Another Successful Period for Crypto Gambling

There were 83.6% more crypto bets placed in H1 2023 compared to H2 2022, SOFTSWISS’ report stated. The data used by the company is from a large swathe of partner operators, as the latest figures come from more than 500 companies that are using the SOFTSWISS platform, and its solutions.

Another noteworthy trend was the overall increase in the bulk volume of crypto gambling. According to SOFTSWISS, as of H1 2023, cryptocurrencies accounted for 29.5% of the total amount wagered during the first half of the year. SOFTSWISS has pointed out a sustained and increasing interest to place wagers with cryptocurrencies.

SOFTSWISS Co-CEO Andrey Starovoitov was similarly pleased with the findings of the report but pointed out that the crypto market still remains sensitive to changes in global events. Business, though, has not been too impacted by the Fear and Greed Index, the company’s boss said:

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.

SOFTSWISS Co-CEO Andrey Starovoitov

When looking into individual cryptocurrencies and trends, Bitcoin continued to be the dominant betting currency for the majority of operators and consumers.

Bitcoin Consolidates Market Dominance

Bitcoin accounted for 76.2% of all betting crypto volume, with Ethereum contracting a little at 9% and Litecoin coming in third with 5.5%. Tether posted 4.7% and Dogecoin accounted for 2.6% of the total betting volume.

Starovoitov acknowledged that there have been some fluctuations but interest in crypto betting has remained unchanged. That is why the company is confident that implementing crypto-centric technologies would benefit not only customers but also operators, ensuring that they continue to grow in the best way possible and benefit fully from this new landscape of opportunities.

Adaptation to emerging trends is particularly important to operators and their audiences, Starovoitov continued and added that cryptocurrency gambling is definitely here to stay, necessitating a closer look and a tailored response to this trend. SOFTSWISS recently appointed Carla Dualib to help with the company’s operations in Latin America, part of SOFTSWISS’ global expansion bid.

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