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9M 2023 Crypto in iGaming Landscape: Moderate Growth Amidst Fiat Rise

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SOFTSWISS’ latest analysis indicates that the cryptocurrency segment is experiencing slower growth compared to the broader iGaming industry. The pioneer in offering cutting-edge crypto iGaming software presents insights into the latest crypto gaming trends.

The analysis is founded on the data collected across 530+ brands powered by the company. It takes into account the in-game currency conversion capabilities, enabling SOFTSWISS clients to seamlessly involve players with cryptocurrency holdings in games originally tailored for fiat only.

 

IGAMING MARKET GROWTH

During the first three quarters of 2023, the iGaming market consistently grew. In absolute terms, the total wagered amount showed a 36.6% increase compared to the same period of the previous year, while the number of bets saw an even more impressive growth of almost 50%.

 

STATE OF CRYPTO

In the comparative analysis of crypto bets spanning the first nine months of 2023 and the same period of the previous year, a noteworthy 18.7% monetary growth is observed. At the same time, the number of crypto bets has surged by 66.4% since 2022. Simultaneously, the share of crypto in the Total Bets Sum demonstrated a slight decrease by 4.3 p.p. to finally settle at 28.5%.

Diving deeper into the analysis, which has been ongoing since the beginning of 2022, it becomes evident that the sums of crypto bets experienced incremental growth from quarter to quarter during this period, but their share in the Total Bets Sum decreased slightly, primarily due to the more impressive quarter-to-quarter increase in the sums of fiat bets.

 

Andrey Starovoitov, Co-CEO at SOFTSWISS, comments: “An 18% increase in crypto bet sums may appear very modest when juxtaposed against a more substantial 45% expansion in fiat bets during the first three quarters of 2023. Taking into account the state of crypto in other spheres, such as fundraising, where the third quarter showed its worst results since the end of 2020, the position of cryptocurrencies in iGaming could be evaluated as comparatively stable at the moment.”

 

FLUCTUATING CRYPTO BET

The analysis of the average bet presents an engrossing picture. While the average fiat bet remains stable, hovering around 0.82 euro during the first three quarters of 2023 as well as in the same period of 2022, the average crypto bet lost almost 30 p.p. on average, displaying a quarter-to-quarter variability. It initially increased from 1.56 euro at the end of 2022 to 1.88 euro in Q2 2023 but subsequently declined to 1.59 euro in Q3 2023. Such fluctuations can be attributed to the inherent volatility in cryptocurrency rates and market expectations.

 

SOLID TOP OF CRYPTOCURRENCIES

The Top 5 most used digital coins in iGaming remained unchanged since the beginning of 2022.

During the first three quarters of 2023, the cryptocurrency distribution structure is as follows:

  • Bitcoin – 74.9%
  • Ethereum – 8.9%
  • Litecoin – 6.0%
  • Tether – 4.6%
  • Dogecoin – 3.0%

 

In the world of digital currencies, Bitcoin has witnessed the most substantial growth, marked by a 3.9 p.p. increase in its share compared to the first three quarters of the previous year. Conversely, Ethereum experienced a decline, losing 6.3 p.p. in its market share during the same period.

Andrey Starovoitov, Co-CEO at SOFTSWISS, summarises: “Due to their technological nature and relatively recent emergence, cryptocurrencies are developing within a rapidly changing landscape, pivoting on diverse economic and societal factors. At the moment, we are observing their moderate popularity among players in the growing fiat segment, and the results of the final quarter of 2023 hold increasing fascination. Being the ‘number one’ crypto solutions provider, SOFTSWISS remains committed to imparting its expertise on the relevant trends in iGaming.”

 

About SOFTSWISS

SOFTSWISS is an international iGaming company supplying ISO 27001-certified software solutions for managing gambling operations. The expert team, which counts 1,400 employees, is based in Malta, Poland, Georgia, and Belarus. SOFTSWISS holds a number of gaming licences and provides one-stop-shop iGaming software solutions. The company has a vast product portfolio, including the Online Casino Platform, the Game Aggregator with thousands of casino games, the Affilka affiliate platform, the Sportsbook Software and the Jackpot Aggregator. In 2013, SOFTSWISS was the first in the world to introduce a Bitcoin-optimised online casino solution.

Cryptocurrency

CryptoSlots Doubles the Fun with the Launch of The Line x2 Mega Matrix Slot

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The highly anticipated sequel to the minimalist hit slot, The Line, features explosive new bonus features and a massive 32,000x max win

CryptoSlots.com, a premier online crypto casino, launches its electrifying two-payline Mega Matrix slot, The Line x2. This vibrant sequel builds upon the sleek, minimalist foundation of its popular predecessor, The Line, by adding a second payline and supercharging play with new bonus features.

To celebrate the launch CryptoSlots is offering all players an exclusive deposit bonus. From September 24-30, players can get up to a 90% Match Bonus on deposits as little as $10.

Set against a futuristic retro neon aesthetic, The Line x2 immerses players in a cyberpunk, synthwave world. The game masterfully blends classic fruit slot symbols—like glowing cherries and electric strawberries—with a modern, high-voltage theme. Designed for seamless play on any device, it is fully optimized for mobile gameplay, including a specially designed portrait mode.

“The original The Line was a massive hit for its clean design and engaging mechanics. With The Line x2, we’ve listened to our players and amplified everything they loved,” said Michael Hilary, Manager of CryptoSlots. “We’ve added a line, packed it with powerful new features, and wrapped it all in a visually stunning neon package. It’s a perfect fusion of classic slot charm and futuristic excitement.”

The Line x 2 Highlights:

  • Bet Range: Accessible to all players, with bets from $0.10 to $50.
  • Dual Paylines: Wins are paid anywhere on the two reels, offering more frequent winning combinations.
  • Expanding Double Wilds: Wild symbols can expand to cover entire reels, doubling their power to create huge wins.
  • Clone Wilds: This Wild doesn’t just substitute for other symbols—they replicate. When one lands, it transforms the surrounding symbols into additional Wilds, creating a chain reaction of winning potential.
  • ‘Pick Me’ Bonus Round: Land 3 or 4 PICK ME scatters to trigger an instant prize round with 1 or 2 picks, awarding instant coin prizes.
  • Massive Max Win: Players have the chance to win up to an incredible 32,000x their wager.

NEW GAME BONUS: THE LINE x2
Available September 24 – 30, 2025

Up to 90% Match bonus
90% on deposits $150 – $350 / 75% on $50 – $149 / 60% on $10 – $49
Wagering Req: 33x;  Redeem 2x per day
Only available on The Line x2
Bonus code: NEWGAME

The post CryptoSlots Doubles the Fun with the Launch of The Line x2 Mega Matrix Slot appeared first on European Gaming Industry News.

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BC.GAME

BC.GAME Launches Tap Trading

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BC.GAME announced the launch of Tap Trading (a touch-to-payout multiplier game) on its platform. At launch, Tap Trading will support multiple mainstream crypto pairs, including ETH/USDT, SOL/USDT and STONKS/USDT. Users can access the product in the Web/App “Crypto Futures” section.

BC.GAME already offers a diversified product lineup spanning casino, sports and market mini-games—including UP DOWN, HIGH LOW and HIGH LOW SPREAD. The addition of Tap Trading further expands BC.GAME’s market-interaction experiences, allowing users to engage with highly liquid crypto assets through a simple, convenient price-touch mechanic.

Unlike traditional derivatives, Tap Trading makes potential return and loss visible before order placement. Users tap a green target block on the right-hand grid to place an order; each block displays its multiplier and time window. If the price curve touches the selected block before the timer expires, settlement is made by that block’s multiplier (total return = stake × multiplier). If the target is not touched, the stake is lost. This design significantly simplifies operation and outcome determination, enabling users to express views not only on direction, but also on magnitude and time.

Jack, CEO of BC.GAME, said: “Adding Tap Trading to our platform fills a gap in lightweight market-interaction gameplay and reflects users’ demand for a simple, direct way to participate in crypto markets. Whether you’re market-savvy or trying this for the first time, Tap Trading offers a clearer experience with visible parameters and well-defined boundaries.”

Jack added: “Combining such an intuitive mechanic with our ongoing work on real-time pricing and product polish marks another important step forward for BC.GAME’s crypto entertainment offering.”

The post BC.GAME Launches Tap Trading appeared first on European Gaming Industry News.

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Crypto.com

Underdog and Crypto.com | Derivatives North America Announce First Prediction Market Exchange Offered on Major Sports Gaming Operator App

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Underdog, the fastest-growing sports company in the US, and Crypto.com | Derivatives North America (CDNA), a CFTC-registered exchange and clearinghouse and an affiliate of Crypto.com, announced that sports event contracts will be accessible to customers through Underdog. CDNA sports event contracts will be powered by Underdog’s technology. This partnership offers American sports fans a secure, federally compliant way to access CDNA sports event contracts and make predictions on the outcomes of their favorite sports events, all within the Underdog app.

“Prediction markets are one of the most exciting developments we’ve seen in a long time. While still new and evolving, one thing is clear – the future of prediction markets is going to be about sports – and no one does sports better than Underdog,” said Underdog founder and CEO, Jeremy Levine.

With this launch, customers can express and trade their opinions on sports events contracts across all major sports leagues, including NFL, college football, NBA, MLB, and more. Prices update in real-time, allowing customers to react instantly and express their opinions on what’s going to happen on the field or court.

“We are thrilled to partner with Underdog to enhance the sports experience for customers nationwide with the ability to now trade using Underdog’s technology – all in one app. We were the first to offer sports events contracts, and our technology partnership with Underdog will provide more access to CDNA’s innovative offerings,” said Travis McGhee, Managing Director, Global Head of Capital Markets at Crypto.com.

As the only company built on its own proprietary technology across fantasy sports and sports betting regulatory frameworks, Underdog is now the only company offering fantasy sports, sportsbook, and prediction markets in one seamless app.

Underdog has gaming licenses in states across the country and has built industry-leading responsible gaming operations, with sophisticated customer protections ingrained into every facet of its platform. Underdog will bring that same level of customer protection and care to prediction market offerings.

The post Underdog and Crypto.com | Derivatives North America Announce First Prediction Market Exchange Offered on Major Sports Gaming Operator App appeared first on Gaming and Gambling Industry in the Americas.

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