The overall number of cryptocurrency bets decreased by 14.6 per cent in 2022 to a total of €20.2bn, according to a SOFTSWISS report.


The supplier analysed the inputs from 700 clients of its Game Aggregator and Casino Platform to build an overall comparison with 2021’s numbers.

The €3.5bn drop in crypto bets influenced the growth in fiat bets, which increased to 76 per cent of overall wagers.

Bitcoin accounted for 72.7 per cent of cryptocurrency bets placed on SOFTSWISS’ platforms in 2022, but Ethereum has increased in popularity.

Vitali Matsukevich, chief operating officer at SOFTSWISS, said the increasing number of fiat projects “does not diminish” cryptocurrencies, with there still a “strong drive for igaming operators to implement and expand payment methods supporting digital coins.”