Crypto turnover has increased year-on-year, according to a Q1 2021 report from SoftSwiss.
The recently released SoftSwiss Game Aggregator report showed that crypto turnover’s growing share in the total volume of bets every month, which took up six per cent in Q1 2020 and came up to 26 per cent by the end of Q1 2021, displacing the overall share of fiat.
Region-wise, “the turnover in Asia is growing, largely due to the entry of cryptocurrency casinos into this region," said Andrey Starovoitov, COO at SoftSwiss. "Mainly, this is due to the traffic growth in Japan, as well as good trends in India and Indonesia. Our clients continue expanding to the LatAm region, and although it is too early to talk about significant volumes, we expect to see Brazil among the leaders in the nearest future."
There are slight changes to the top cryptocurrencies; Ethereum has doubled its share, reaching a record 10 per cent, with bitcoin remaining the most popular, staying at the top with 83 per cent. Country-wise, India proves the rising popularity of ETH, where the cryptocurrency has finally become the most used towards the end of Q1 2021. All the other regions show a prevailing preference for BTC.
