Cryptocurrency
9M 2023 Crypto in iGaming Landscape: Moderate Growth Amidst Fiat Rise
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.
crypto casino
Jackbit Gains Traction Among Crypto Casino Users for Instant Withdrawals, Zero KYC Requirements, and a Streamlined Gaming Experience
Jackbit, operated by Ryker B.V., has been named the leading instant withdrawal crypto casino of 2025, following a quarter of consistent growth in user activity and praises across major gambling forums/aggregator sites. Industry stakeholders attribute this momentum to two key factors:
• Increasing demand for anonymous, user-controlled environments.
• The platform’s integration of fast, no-verification withdrawals with a competitive, multi-category game offering.
Launched in 2022 under a Curaçao license, Jackbit supports a wide range of cryptocurrencies and continues to get noticed by crypto users for its stable performance, cross-chain support, and user-friendly design.
Why is Jackbit Becoming the Preferred Crypto Casino in 2025?
Although a relatively recent entrant in the crypto casino space, Jackbit is increasingly being identified by users and industry observers as outperforming several long-established crypto casino platforms in key operational areas.
The platform has drawn particular attention for its no KYC crypto casino approach, which enables access with fewer entry barriers compared to competitors that continue to enforce tiered KYC protocols and withdrawal restrictions.
Users have also noted Jackbit’s broader multi-chain integration, which enables smoother transactions across a wider range of blockchain networks, an advantage over single-chain platforms that limit flexibility.
Stability is another area where Jackbit is frequently cited, with consistent uptime and minimal service interruptions reported, particularly during high-traffic periods. In terms of interface and usability, the platform has been described as more intuitive and responsive than many legacy crypto casinos.
Its support infrastructure, featuring 24/7 multilingual assistance and faster response times, has further contributed to positive user sentiment. Collectively, these factors are positioning Jackbit as a preferred crypto casino among privacy-conscious.
Jackbit’s key features reportedly align with the evolving expectations of crypto casino players.
No KYC Model: Operating as an anonymous crypto casino, Jackbit allows users to register and withdraw without providing identity documents, a policy that stands out amid tightening verification norms across the sector.
Instant Transaction Processing: Reports from active users indicate that both deposits and withdrawals are typically completed within minutes, including during periods of high traffic.
Expanded Crypto Support: The platform accepts over 20 cryptocurrencies, including BTC, ETH, USDT, LTC, and XMR, offering broader access than many competitors.
Extensive Gaming Portfolio: Jackbit features more than 7,000 slot games, 200+ live casino titles, a fully integrated sportsbook, and a range of exclusive mini-games.
Mobile Compatibility and App Access: The service is fully optimized for mobile use, with a dedicated app available for enhanced performance and accessibility.
24/7 Multilingual Customer Support: Assistance is available at all hours via live chat and email, with support offered in multiple languages.
No-Wager Rakeback Program: Jackbit’s rakeback structure offers instant returns without wagering requirements, with no maximum limit on earnings.
Crypto Support and Payment Flexibility
Jackbit has been admired by plenty of crypto users for its broad cryptocurrency support and flexible payment infrastructure. The platform accepts over 20 digital assets, including Bitcoin, Ethereum, USDT, Litecoin, XRP, Monero, and Dogecoin, as well as stablecoins such as USDC and DAI.
This wide coverage allows users to transact in the currency of their choice, with minimal friction. Both deposits and withdrawals are processed almost instantly, according to user reports, and remain consistent even during peak activity.
Jackbit operates under a Curaçao gaming license, adhering to regulatory standards while offering a model that prioritizes user privacy. As a best crypto casino, the platform does not require identity verification, allowing users to play and withdraw funds without submitting personal documentation. This no KYC approach has been cited as a key factor behind its growing user base.
The post Jackbit Gains Traction Among Crypto Casino Users for Instant Withdrawals, Zero KYC Requirements, and a Streamlined Gaming Experience appeared first on Gaming and Gambling Industry in the Americas.
As cryptocurrency adoption surges worldwide—driven by landmark legislation and growing investor confidence—12BET, continues to lead in embracing digital innovation. Recent U.S. Congressional moves to pass crypto-focused legislation, alongside India’s evolving regulatory stance, mark a global shift towards mainstream acceptance of digital assets.
12BET, a pioneering name in the igaming world since 2007, invites crypto users to experience fast, secure and flexible transactions through its wide range of supported cryptocurrencies. Players can choose from the widely used USD-pegged stablecoin USDT (Tether), Bitcoin (BTC), Ethereum (ETH) and the community-favourite Dogecoin (DOGE). These crypto-friendly payment options ensure seamless access to 12BET’s full entertainment portfolio—meeting the expectations of a new generation of tech-forward players.
“As cryptocurrency continues to reshape how people handle money, we’re proud to give our players modern payment options that reflect our values of fairness and transparency. We’re building a platform that moves in step with global innovation and player-first features,” said Rory Anderson, spokesperson for 12BET.
To celebrate this growing momentum, 12BET is offering all eligible users a spin on their Lucky Wheel, with prizes including an iPhone 16 Pro Max, a 2.5g 999 gold bar and a DJI Osmo Pocket 3—available for a limited time.
This move comes amid growing global crypto adoption, with recent legislative efforts like the GENIUS Act and CLARITY Act in the US, and increased regulatory clarity in markets like India. As the global crypto market surpasses $4 trillion, 12BET is doubling down on its mission to deliver a future-ready, player-first gaming experience.
The post 12BET Goes Crypto with Big Rewards appeared first on European Gaming Industry News.
British rapper Dizzee Rascal has become the new brand ambassador of Playbet.io.
This exciting brand partnership will see Dizzee Rascal connect with Playbet’s growing audience and bring his infectious personality to the forefront through exclusive Playbet-branded content and a number of live streams.
With a career spanning over two decades, multiple chart-topping hits, and a reputation for electrifying live performances, Dizzee Rascal continues to push boundaries and influence global music and popular culture, cementing his status as a true icon in the industry.
The partnership between Dizzee Rascal and Playbet.io is a powerful alignment of bold innovation and cultural relevance. As a trailblazer in the UK grime scene, Dizzee Rascal has consistently pushed creative boundaries, much like Playbet.io is doing in the world of crypto gaming with its cutting-edge platform and disruptive approach to online entertainment. Both are known for challenging the status quo, connecting with a global, digital-savvy audience and staying ahead of the curve. This brand ambassadorship will unite two forces that embody energy, authenticity and the future of their respective industries.
“I’m excited to partner up with Playbet and be a part of this groundbreaking experience. I love to be a part of anything innovative and Playbet are doing big things globally, as am I. Let the games begin!” Dizzee Rascal said.
“We’re thrilled to announce our partnership with one of the most legendary names in the music industry, Dizzee Rascal. A true icon of success, Dizzee has captivated millions of fans worldwide, and we’re proud to welcome him as the newest ambassador for Playbet.io. This collaboration marks an exciting chapter for us, and we’re confident it’s going to be a hit,” Miguel Almeida, Chief Marketing Officer of Playbet.io, said.
The post British Rapper Dizzee Rascal Becomes Brand Ambassador of Playbet.io appeared first on European Gaming Industry News.
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