Cryptocurrency has become an increasingly popular payment method for online casinos, with turnover share up from six per cent at the end of Q1 2020 to over 26 per cent in Q1 2021, according to the SoftSwiss Game Aggregator report.
Turnover has notably increased across the Asian market, found the report, with the solutions provider stating that this was ‘largely due to the entry of cryptocurrency casinos into this region’, complemented by traffic growth in Japan, India and Indonesia.
SoftSwiss COO Andrey Starovoitov commented: “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.”
Looking at individual cryptocurrencies, the report noted that ethereum (ETH) had ‘doubled its share’ – up from 4.5 per cent in Q1 2020 to a ‘record’ 10 per cent in Q1 2021. This currency, said SoftSwiss, became ‘the most used’ cryptocurrency in India at the end of Q1 2021.
Litecoin’s share fell from 4 per cent to 3.5 per cent while Dogecoin’s share tripled from 0.5 per cent to 1.5 per cent. However, Bitcoin remained the most popular form of crypto payment, accounting for 83 per cent of all cryptocurrency transactions.
Evolution’s live games appear to be the most popular games for crypto, with Aztec Magic Deluxe, Elvis Frog in Vegas by BGaming, and Wild Spin Blackjack VIP by Platipus all attracting high volumes of traffic.