12/09/2023
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Categories: News |
Published by: BTCGOSU |
Last updated: 12/09/2023
The Evolution of Crypto Casino Betting
As the gaming community commemorates the first anniversary of SOFTSWISS Casino Platform’s In-Game Currency Conversion feature, it’s abundantly clear that this innovative tool has etched its mark on the industry. Recent data reveals a staggering statistic – a remarkable 85% of bets placed in crypto casinos like 7Bit Casino and mBit Casino among others, on their platform now hinge on the use of this groundbreaking feature.
Expanding Player Horizons
Launched in 2022, the In-Game Currency Conversion feature was conceived as a crypto-focused solution, ushering in a new era of business opportunities for clients and a profound enhancement of player choices.
This ingenious feature empowers players to effortlessly convert their cryptocurrency holdings into nine fiat currencies, thus enabling wagers in games that were once devoid of crypto compatibility. The outcome? A substantially wider array of gaming options for ardent crypto enthusiasts.
Winning Hearts and Fostering Loyalty
Intriguingly, an analysis conducted by the SOFTSWISS Casino Platform team has unveiled an exceptional trend. Approximately 65-70% of players who ventured into the realm of In-Game Currency Conversion have since evolved into dedicated users, with over 90% of their bets now flowing through this integrated functionality. This transformative shift not only underscores the feature’s remarkable niche but also its robust alignment with market demands.
Setting New Retention Standards
Furthermore, In-Game Currency Conversion users exhibit higher retention rates compared to non-users. These engaged users frequent gaming platforms more often, propelling In-Game Currency Conversion to account for up to 85% of the total wager volume in crypto casinos and up to 21% in hybrid crypto and fiat casinos.
Darya Avtukhovich, head of SOFTSWISS Casino Platform, emphasizes the company’s forward-thinking ethos:
“SOFTSWISS stands among the pioneers of the crypto gambling sector, continuously integrating features like In-Game Currency Conversion into our product.
We grasp industry requisites through our expertise and analytical endeavors, leading to the perpetual evolution of the SOFTSWISS Casino Platform, maintaining its position as one of the most dependable options in the market.”
Who is SoftSwiss?
SOFTSWISS is a dynamic and pioneering force in the realm of crypto gambling, celebrated for its trailblazing solutions and an unwavering commitment to elevating the online gaming experience. As a prominent software provider, the company has consistently pushed the boundaries of innovation, securing its position as a leading player in the industry.
SOFTSWISS Casino Platform has emerged as a symbol of trust and reliability, offering an extensive array of gaming solutions, including the groundbreaking In-Game Currency Conversion feature. The platform has garnered the trust of a diverse clientele, ranging from emerging startups to well-established industry giants, equipping them with the tools and cutting-edge technology needed to excel in the ever-evolving online gaming landscape.
With a profound understanding of market dynamics and player preferences, SOFTSWISS continues to pioneer and set industry standards in the crypto gambling arena. Their regular crypto gaming market analyses provide invaluable insights, and their ability to adapt to the changing needs of both clients and players solidifies their position as industry leaders.
In a time when crypto betting is experiencing unprecedented growth, SOFTSWISS remains at the forefront, driving innovation and establishing a benchmark for excellence. Their steadfast commitment to transparency, security, and player satisfaction assures that SOFTSWISS will continue to shape the future of online gaming for years to come.
Embracing Future Innovations
The forthcoming SBC Summit Barcelona 2023 offers a prime avenue to explore the latest enhancements of the SOFTSWISS Casino Platform. Participants can engage with SOFTSWISS representatives at booth CG58, diving into prevailing iGaming trends and groundbreaking solutions poised to propel business growth.
Earlier this year, SOFTSWISS’ quarterly crypto gaming market analysis for the first quarter of 2023 disclosed a remarkable 45% year-on-year upsurge in crypto bets.
Bitcoin led the charge at 77%, followed by Ethereum at 8%, and Litecoin at 5%. These findings underscore the company’s unwavering commitment to pioneering crypto-oriented technologies, ensuring a sustained and thrilling future for crypto casino betting well into 2023 and beyond.
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