Cryptocurrency
SOFTSWISS Reveals Crypto Betting Shift in 2024: Altcoins Command Nearly Half of Crypto Bet Sum
As Bitcoin’s value skyrocketed in 2024, crypto betting saw a significant shift, shaking up the iGaming industry. Altcoins now account for nearly half of all crypto wagers. SOFTSWISS, a global tech provider and pioneer in crypto gambling, unveils Bitcoin’s game-changing impact in its annual ‘State of Crypto’ overview.
According to the 2024 annual crypto industry report, with its market capitalisation soaring to approximately 1.8 trillion euro, Bitcoin alone accounted for more than half of the total cryptocurrency market value, further solidifying its influence in both traditional and digital financial ecosystems. SOFTSWISS experts analysed data from over half of a thousand brands to reveal relevant crypto tendencies that evolved during 2024.
The Big Picture: Stable Growth in the iGaming Landscape
SOFTSWISS data shows that the Total Bet Sum, encompassing both fiat and cryptocurrency, grew by 35.9% in 2024 compared to the previous year. Similarly, the Total Bet Count experienced the same growth rate, reflecting a strong upward trend in overall betting activity.
A detailed analysis since 2022 highlights a significantly faster rise in fiat bets compared to crypto. During 2024, the Fiat Bet Sum surged by 40.1%, showcasing its stable growth. Meanwhile, a more cautious approach toward crypto payments has resulted in a slower growth rate for the Crypto Bet Sum. This shift contributed to a 2.5-percentage-point (p.p.) decline in the crypto share[1] in 2024, emphasising the increasing dominance of fiat transactions in the betting landscape.
[1] Based on data from ongoing projects
Bitcoin’s Exchange Rate Impact
SOFTSWISS data confirms that cryptocurrency continues to play a significant role in iGaming payments. In 2024, the Crypto Bet Sum increased by 18.7% compared to the previous year. However, the Crypto Bet Count declined by 12.8%, indicating a more cautious approach to crypto betting amid Bitcoin’s rising exchange rate.
The surge in Bitcoin’s value also drove a 1.4x increase in the average crypto bet in 2024, while the average fiat bet remained stable. This trend highlights a strong correlation between the total wagered sum and fluctuations in cryptocurrency exchange rates.
Vitali Matsukevich, Chief Operating Officer at SOFTSWISS, comments: “The sharp appreciation of Bitcoin in the final quarter of 2024 led to a more conservative approach among players toward crypto betting. At the same time, the increased value of Bitcoin resulted in higher average bet amounts, positively impacting the overall Crypto Bet Sum. As Bitcoin’s exchange rate fluctuates, players are anticipated to continue adopting a more cautious approach when wagering their Bitcoin.”
Altcoins Make up Nearly Half of Crypto Wagers
Altcoins’ share growth is another significant trend gaining momentum during 2024. According to SOFTSWISS data from operators reporting in crypto, the top five cryptocurrencies in iGaming – Bitcoin, Ethereum, Litecoin, Tether, and Dogecoin – have consistently formed the top 5 ranking over the years. However, their market dynamics have shifted significantly.
In 2023, altcoins represented only 26.8% of total bets, but this share surged to almost half in 2024, reflecting a growing preference among crypto players for alternative digital assets. In 2024, Bitcoin’s share dropped by over 17 percentage points, while Tether increased by 7.3 p.p., Litecoin grew by 6.5 p.p., and Ethereum rose by 3.4 p.p.
A new trend is emerging in iGaming, where established brands like Rollbit and Shuffle leverage proprietary tokens to enhance player engagement. These gaming-specific tokens offer seamless integration, reduced volatility, and exclusive perks, fostering innovation in payments and business growth. By creating internal ecosystems with unique rewards and potential external partnerships, proprietary tokens strengthen player loyalty. However, developing these tokens requires significant resources, including substantial marketing budgets, to build trust and encourage adoption.
Vitali Matsukevich, Chief Operating Officer at SOFTSWISS, summarises: “Bitcoin’s rate surge in 2024 has driven higher average crypto bet sizes, yet the decline in total crypto bets suggests players are diversifying and managing risks more cautiously. The growing adoption of altcoins and proprietary gaming tokens highlights a shift toward more stable and engaging financial ecosystems. For operators, balancing fiat and crypto while leveraging payments innovation will be crucial for sustained growth in the evolving iGaming landscape.”
About SOFTSWISS
SOFTSWISS is an international technology company with over 15 years of experience in developing innovative solutions for the iGaming industry. SOFTSWISS complies with a number of gaming licences and provides comprehensive software for managing iGaming projects. The company’s product portfolio includes the Online Casino Platform, the Game Aggregator with over 27,800 casino games, the Affilka Affiliate Platform, the Sportsbook Software and the Jackpot Aggregator. In 2013, SOFTSWISS revolutionised the industry by introducing the world’s first Bitcoin-optimised online casino solution. The expert team, based in Malta, Poland, and Georgia, counts over 2,000 employees.
The post SOFTSWISS Reveals Crypto Betting Shift in 2024: Altcoins Command Nearly Half of Crypto Bet Sum appeared first on European Gaming Industry News.
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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