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Navigating Bitcoin’s Impact: SOFTSWISS’ iGaming Industry Overview
In March 2024, Bitcoin soared to a historical high, nearing 70,000 euro per coin. How does this impact the iGaming market? Being a tech company with over 15 years of experience and an innovator in crypto iGaming software development, SOFTSWISS shares anticipations in its quarterly crypto analysis.
Over 220 brands powered by the company engaged in crypto transactions during the first quarter of 2024, which is 12% higher than the previous quarter. SOFTSWISS experts analyse the data gathered from crypto-friendly brands by employing extrapolation, comparative, and correlative analysis.
iGaming Market Overview: Unveiling Anticipated Growth
The size of the global online gambling and sports betting industry is expected to rise significantly and exceed 170 billion euro by 2032, according to Statista. Based on SOFTSWISS data, the iGaming market has demonstrated a stable pattern of growth year after year.
In absolute terms in euro, the Total Bet Sum grew by 5.8% in the first quarter of the year compared to the last quarter of 2023. Analysing the year-on-year increase, comparing Q1’24 with Q1’23, the growth is more impressive, showcasing a 47.2% boost.
Simultaneously, the Total Bet Count, both fiat and crypto, displayed a slightly larger gain in the first quarter of 2024 compared to the previous quarter, surpassing 6.1%. The indicator’s year-on-year boost is much more notable, revealing a 57.2% increase.
The popularity of iGaming in recent years has been fuelled by its global reach and accessibility due to constant technological advancements. On one hand, the quality of internet connectivity continues to rise, while on the other, new payment methods are emerging, simplifying payment procedures.
The in-depth quarterly analysis, ongoing since the beginning of 2022, reveals that fiat bets are undergoing more substantial growth compared to crypto bets. In Q1’24, the Fiat Bet Sum increased by 6.9% compared to Q4’23, while the rise of Crypto Bet Sum was at 2.4%.
The more active growth of fiat bets led to a slight decrease in the share of crypto. In the first quarter of 2024, the crypto share in the Total Bets Sum settled at 24.4%, decreasing by 0.8 percentage points (p.p) compared to the last quarter of 2023.
What is the State of Crypto in iGaming?
Analysing crypto bets, it is crucial to highlight that almost 93% of them are facilitated through the in-game currency conversion tool, which is gaining traction. This mechanism allows operators to engage players with cryptocurrency assets in games initially tailored for fiat only. Operators that adopt such options are gaining more competitive advantages in the market.
While the Q1’2024 Crypto Bet Sum shows a moderate 2.4% growth compared to the previous quarter, the year-on-year analysis demonstrates a 20.8% increase. The Crypto Bet Count remained unchanged in Q1’24 compared to the previous quarter’s indicator. Simultaneously, the metric increased by 21.3% year-on-year. The figures speak volumes, showcasing a consistent interest among players in crypto gaming.
“The lack of a substantial increase in the number of crypto bets during Q1’24 can be partly attributed to the significant rise of the Bitcoin exchange rate during this period, leading players to be more cautious with their crypto bets. This trend mirrors the situation in the first quarter of the previous year when the Bitcoin exchange rate surged following a decline at the end of 2022,” comments Vitali Matsukevich, Chief Operating Officer at SOFTSWISS.
What Distinguishes the Average Crypto Bet?
The average crypto bet increased to 1.71 euro in the first quarter of the year from 1.66 euro in the last quarter of 2023. This growth correlates with a significant strengthening of the Bitcoin rate during the first quarter of 2024.
The average fiat bet remained steady at around 0.81 euro in Q1’24 and Q4’23. The average total bet stayed constant since the second half of the previous year and is equal to 0.93 euro.
Notably, the average crypto bet is double that of fiat. This indicates that digital currencies are preferred by higher-income players.
Why Did Bitcoin’s Share Drop?
The Top Five most operated digital coins in iGaming have remained stable during the last two years with minor changes in ranking order. The top still includes Bitcoin, Ethereum, Litecoin, Dogecoin, and Tether.
In Q1 2024, Bitcoin experienced a significant decline of 9.4 p.p. compared to Q4 2023. This could be attributed to the bolstering Bitcoin exchange rate and players exercising a more cautious approach towards it.
In contrast, the shares of other digital coins have increased. Ethereum and Litecoin showed growth of 4.0 p.p. and 3.8 p.p., respectively, during the same period. Simultaneously, Dogecoin rose to fourth place in the ranking, leaving Tether behind.
Vitali Matsukevich, Chief Operating Officer at SOFTSWISS, summarises: “The benefits of employing digital currencies, such as fast transactions and anonymity, still attract many players. Embracing cryptocurrencies in iGaming can boost operator profits despite their volatile nature.
As the Bitcoin rate is expected to strengthen after the Bitcoin Halving, the average crypto bet and projected gains may see a notable impact. During such promising times, it is crucial to have reliable and experienced partners to navigate the path to success.”
About SOFTSWISS
SOFTSWISS is an international tech company supplying software solutions for managing iGaming projects. The expert team, which counts over 2,000 employees, is based in Malta, Poland, and Georgia. 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 Platform, and the Jackpot Aggregator. In 2013, SOFTSWISS was the first in the world to introduce a Bitcoin-optimised online casino solution.
The post Navigating Bitcoin’s Impact: SOFTSWISS’ iGaming Industry Overview appeared first on European Gaming Industry News.

Latest News
Natural8 India Unveils Its Biggest Exclusive Poker Giveaway Yet!
Nine Indian Players to Compete at APT Taipei 2025 for the Prestigious Lions Trophy: Natural8 India to Unveil its Biggest Poker Giveaway!
Natural8 India is back with yet another thrilling opportunity for Indian poker players to showcase their skills on an international stage. After an unforgettable journey to APT Manila, the platform is now setting its sights on APT Taipei 2025, offering nine Indian players a once-in-a-lifetime chance to compete live and vie for the prestigious APT Lions Trophy. Set to be the biggest APT Taipei series ever, this exclusive event promises high stakes, intense competition, and an unmatched poker experience in an all-new venue.
The road to Taipei begins with the highly anticipated Online MTT on March 23, 2025, at 8:30 PM IST, where players can secure their place in the top nine. With a buy-in of INR 5,500 and satellite tournaments starting at just INR 550, the event ensures that every poker enthusiast has a shot at glory. The stakes are higher than ever, with an additional INR 20 lakh in added benefits—a 33% increase from previous events—making this India’s biggest exclusive poker giveaway yet.
Winners will receive an all-expense-paid trip to APT Taipei, including flights and accommodation worth up to INR 1,20,000 each. The top four will also claim Main Event tickets worth INR 1,47,000, while the remaining five will secure Mini Main Event tickets valued at INR 67,000. The live final table, set for April 26, 2025, will be streamed directly from Taipei, ensuring an electrifying showdown as players battle for the coveted Lions Trophy.
Speaking about the event, Kunal Patni, Executive Director and Country Head of Natural8 India, stated, “This is a golden opportunity for Indian players to make history on the international poker circuit. We can’t wait to see the top nine take on Taipei and bring the trophy home!”
As the excitement builds, Natural8 India remains committed to elevating the poker experience for Indian players, ensuring that they get the best possible platform to compete globally. With thrilling action, unparalleled rewards, and a shot at poker glory, APT Taipei 2025 promises to be an event to remember.
The post Natural8 India Unveils Its Biggest Exclusive Poker Giveaway Yet! appeared first on European Gaming Industry News.
Latest News
Acer Refreshes Predator BiFrost and Acer Nitro Graphics Cards with New AMD Radeon RX 9000 Series GPUs
Six new models announced for AI-enhanced gaming, streaming, and creation with 8K visuals and optimized thermal design with triple FrostBlade 4.0 cooling fans.
Acer today unveiled its latest Predator BiFrost and Acer Nitro graphics cards, powered by the next-generation AMD Radeon™ RX 9000 Series GPUs. This cutting-edge line-up includes six models designed to elevate gaming and creative experiences with next-level performance and visual fidelity. The models include the Predator BiFrost Radeon™ RX 9070 XT OC 16GB, Predator BiFrost Radeon™ RX 9070 OC 16GB, and two Nitro graphics cards: Acer Nitro Radeon™ RX 9070 XT OC 16GB, Acer Nitro Radeon™ RX 9070 OC 16GB.
The new GPUs are engineered for ultra-fast gaming and demanding tasks, leveraging AMD RDNA™ 4 compute units and up to 16 GB of memory to deliver immersive 8K visuals. The advanced cooling technology, featuring three FrostBlade 4.0 fans, and reinforced designs ensures systems can be pushed to their limits while maintaining peak performance. DIY gamers will appreciate new software features such as Acer Intelligence Space, which offers intuitive AI system detection, and Acer Game Assistance’s adaptive aim system to give players a competitive edge.
AMD Radeon™ RX 9000 Series GPUs
The latest Predator BiFrost and Acer Nitro Radeon RX 9070 Series graphics cards are powered by up to the new AMD Radeon™ RX 9070 XT OC Graphics, featuring unified AMD RDNA™ 4 architecture with powerful raytracing capabilities, AI accelerators and up to 16 GB of memory. Gamers can enjoy the latest gaming displays and experience increased visual quality for video streaming and editing as these next-generation designs activate AMD HYPR-RX to instantly enable all supported performance-boosting and latency-reducing technologies across thousands of games. Expect deep immersion with higher quality and clarity thanks to AI-powered AMD FidelityFX™ Super Resolution 4 image upscaling with advanced frame generation technologies, which boost framerates in supported games. Players can showcase their skills with enhanced multimedia and streaming experiences using the AMD Radiance Display™ Engine.
Predator BiFrost and Acer Nitro Radeon™ RX 9000 Series Graphics Cards
The Predator BiFrost Radeon™ RX 9070 XT OC 16GB graphics card boasts a boost clock of up to 3,100 MHz and game clock of up to 2,570 MHz, while the Predator BiFrost Radeon™ RX 9070 OC 16GB graphics card offers boost and game clock speeds of up to 2,700 MHz and up to 2,210 MHz respectively for ultra-smooth responsiveness.
The Acer Nitro Radeon™ Series provides gamers and creators the tools to enhance their digital experiences, featuring maximum boost clock speeds of up to 3,100 MHz and game clock speeds of up to 2,570 MHz for balanced performance and efficiency. All models come equipped with the latest advancements from AMD Radeon™ technology and 16 GB of GDDR6 RAM, pushing the graphics cards to their maximum processing prowess.
Advanced Cooling and Durability
These GPUs are equipped with Acer’s advanced cooling systems, which provide added support in reaching peak performance. Featuring state-of-the-art cooling technology with triple FrostBlade 4.0 fans, counter-spin designs for smoother airflow, and oxygen-free thermal pipes, the Predator BiFrost and Acer Nitro Radeon™ graphics cards maintain optimal heat dispersion to keep temperatures in check. Supported by dual-ball bearing systems and lubricating oil, the fans are engineered to reduce noise, withstand elevated temperatures, and minimize friction on the fan bearings.
These graphics cards are also built for lasting durability and dominance, crafted with an aluminum backplate and a metal anti-bending design, ensuring they can withstand the rigors of continuous use. Heat-dissipating vents and a reinforced copper base efficiently absorb heat from the GPUs, which is expelled quickly through oxygen-free heat pipes.
Intelligent Features
Acer Intelligent Space serves as the central hub for the device’s AI features, identifying system hardware, suggesting compatible AI applications to optimize performance, and helping players identify more gaming tools. Acer Game Assistance provides a competitive edge by automatically adjusting colors and offering a sniper mode for precise targeting in shooting games. Additionally, Acer ProCam automatically detects and records gameplay highlights to capture key moments in the game.
The multi-display capabilities allow users to connect to four displays, with each graphics card equipped with three DisplayPorts, one HDMI 2.1 port, and up to a PCIe 5.0 bus, providing a seamless and immersive experience across gaming, streaming, and creative applications.
Specifications
Name | Predator BiFrost Radeon™ RX 9070 XT OC 16GB |
Model | PB-RX9070XT-SOC |
Graphics | AMD Radeon™ RX 9000 Series graphics |
Interface | BUS: PCIe 5.0 x 16 |
Memory | Size: 16 GB GDDR6
Bandwidth: 640 GB/s Speed: 20 GB/s |
Graphics Clock | Boost clock: Up to 3,100 MHz
Game clock: Up to 2,570 MHz |
Cooling | FrostBlade 4.0 ringed fans x 3, counter-spin design |
Output | HDMI 2.1, DisplayPort 2.1 x3,
Digital Max Resolution: 8K Simultaneous display: 4 |
Total Board Power | 340W |
Dimensions | 295 (L) x 120 (W) x 49(H) mm, 2.5 slots |
Name | Predator BiFrost Radeon™ RX 9070 OC 16GB |
Model | PB-RX9070-SOC |
Graphics | AMD Radeon™ RX 9000 Series graphics |
Interface | BUS: PCIe 5.0 x 16 |
Memory | Size: 16 GB GDDR6
Bandwidth: 640 GB/s Speed: 20 GB/s |
Graphics Clock | Boost clock: Up to 2,700 MHz
Game clock: Up to 2,210 MHz |
Cooling | FrostBlade 4.0 ringed fans x 3, counter-spin design |
Output | HDMI 2.1, DisplayPort 2.1 x3,
Digital Max Resolution: 8K Simultaneous display: 4 |
Total Board Power | 340W |
Dimensions | 295 (L) x 120 (W) x 49(H) mm, 2.5 slots |
The post Acer Refreshes Predator BiFrost and Acer Nitro Graphics Cards with New AMD Radeon RX 9000 Series GPUs appeared first on European Gaming Industry News.
Latest News
TEAM VITALITY ANNOUNCES ITS PARTICIPATION TO ESPORTS WORLD CUP FOUNDATION CLUB PROGRAM 2025
- After securing a top-4 finish and cementing its place among the world’s leading esports clubs, Team Vitality returns to the Esports World Club Program for a second consecutive year, aiming to continue its success by hoisting World Cup trophies.
- Driven by its ambition to become the best esports club in the world, Team Vitality is setting bold objectives for the 2025 Esports World Cup. This global competition presents a key opportunity to reinforce its status as an esports powerhouse by fielding top-tier rosters and competing for every title. Because in esports, every win counts.
Leading esports club Team Vitality is proud to announce its return to the Esports World Cup (EWC) for the 2025 edition. As an official Club Partner of the Esports World Cup Foundation, Team Vitality is set to showcase its competitive excellence on the global stage and reaffirm that performance is at the core of its identity. Over and above the performance, this type of major event allows us to continue to globalise the Team Vitality brand and increase our visibility around the world.
And this year, the French club is more determined than ever to win its flagship games (Counter-Strike, VALORANT, Rocket League, MLBB, RENNSPORT) and to spring a surprise on others (TFT, Chess, etc.). For the EWC Club Championship, Team Vitality is determined to make history alongside its global fan community!
NEW YEAR, NEW AMBITIONS, NEW GAMES
Launched in 2023, the Club Partner Program is a pioneering initiative that brings together top-tier esports clubs from around the world. Designed to unite esports fans across various game ecosystems, the program aims to expand the global esports community and elevate the sport’s reach and impact. After securing a top-four finish at last year’s inaugural tournament, Team Vitality is aiming for even greater success at the 2025 Esports World Cup.
With the introduction of new titles such as VALORANT and Chess to the competition, the EWC enables Team Vitality to expand its competitive ambitions across multiple disciplines. The club recently welcomed chess grandmaster Maxime ‘MVL’ Vachier-Lagrave as its first professional chess player and made a dominant statement in VALORANT by winning the VCT EMEA Kickoff with its star-studded roster.
AN OPPORTUNITY TO MAKE ESPORTS HISTORY IN FRONT OF OUR FANS
Competing at this prestigious international event presents a unique opportunity to solidify its place among the world’s best esports organizations. As one of the most renowned global competitions, the EWC has become a key milestone for leading clubs and a catalyst for accelerating international expansion through strategic roster acquisitions.
Team Vitality Co-Founder and President Fabien “Neo” Devide comments: “We are excited to join the Esports World Cup Foundation as an official Club Partner for 2025. This partnership reinforces our commitment to excellence on the global stage and our ambition to reach new heights. Our objective is clear: every win counts and brings us closer to being the best. The EWC presents a unique opportunity to showcase our strength across multiple esports disciplines and secure prestigious titles for our fans and legacy.”
The post TEAM VITALITY ANNOUNCES ITS PARTICIPATION TO ESPORTS WORLD CUP FOUNDATION CLUB PROGRAM 2025 appeared first on European Gaming Industry News.
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