iGaming Blog

In recent years, cryptocurrencies have become more than just a trend; they are now a crucial component of financial operations in the iGaming industry. Modern players are seeking greater privacy, speed, and security in their transactions, making cryptocurrencies like Bitcoin, Ethereum, and new types of stablecoins highly attractive for both players and casino operators. Which Cryptocurrencies Should Operators Consider? 1. Bitcoin (BTC): Despite high fees and relatively long confirmation times, Bitcoin remains the leading cryptocurrency on the market. In iGaming, it’s considered the “gold standard” for high rollers and VIP players who value anonymity and large transaction volumes. 2. Ethereum (ETH): With the launch of Ethereum 2.0, gas fees have significantly decreased, making ETH more appealing for microtransactions in casinos. Smart contracts based on Ethereum enable the automation of jackpot payouts and bonuses. 3. Tether (USDT) and USD Coin (USDC): Stablecoins play a key role in pro...

Recently, I delved into the comprehensive analytical report by SOFTSWISS, which focuses on the evolving preferences of players in choosing cryptocurrencies for wagers. It's fascinating to see that many of their findings closely align with my own observations based on an in-depth analysis of KPIs and financial metrics within iGaming projects. 📊 2024 Trend: There's a noticeable shift towards fiat payments, as confirmed by the SOFTSWISS report. Even though the total volume of crypto wagers increased by +2.3% in H1 2024 compared to the same period in 2023, the share of crypto deposits significantly decreased by -8.9%. My data shows a similar trend, with a decline of around 4%, which may indicate differences in target markets and audience behavior. H1 2023 vs. H1 2024 Deposit Segmentation: - H1 2023: Fiat: 70.5%, Crypto: 29.5% - H1 2024: Fiat: 79.4%, Crypto: 20.6% (-8.9%) In my experience, the deviation from the SOFTSWISS data is approximately 4%, potentially due to audience segmen...