SOFTSWISS’ In-Game Currency Conversion Feature Continues to Dominate the Industry

SOFTSWISS, a renowned provider of cutting-edge solutions for online casinos, is proud to share encouraging stats for its In-Game Currency Conversion feature. Launched a year and a half ago, in the final days of March 2022, the tool has gained large popularity industry-wide.

According to the newest report, the powerful tool was used for 85% of all bets in crypto-only casinos running on the SOFTSWISS Casino Platform. In addition to this, this feature reaches up to 21% of the total volume of bets made on iGaming sites accepting both crypto and fiat.

Companies interested in taking a closer look at this and other powerful features available on the provider’s Casino Platform can do so at the upcoming SBC Summit Barcelona 2023. Taking place from September 19-21, this conference is an excellent opportunity to meet with delegates from SOFTSWISS and discuss potential partnerships.

Dominant Choice in Crypto-Friendly Casinos

One of the most notable things spotted in the most recent report by SOFTSWISS is a huge conversion in regular feature users. As far as the team explained, approximately 65-70% of clients who tried In-Game Currency Conversion at least once continue opting for it, resulting in more than 90% of bets made via this tool.

Darya Avtukhovich, Head of SOFTSWISS Casino Platform, commented on the excellent stats as follows:

“SOFTSWISS is one of the pioneers in crypto gambling, and we continue to be a forward-thinking company, integrating features like In-Game Currency Conversion into our product. We understand the industry requirements thanks to our expertise and analytical work, and the result is the constant evolution of the SOFTSWISS Casino Platform, which maintains its status as one of the most reliable on the market.”

Talking about stats, in the report encompassing crypto bets during H1 2023, the company noticed a 37% increase compared to the first half of the previous year. Bitcoin remained the most frequent choice with 76.2%, followed by Ethereum – 9.0%, Litecoin – 5.5%, Tether – 4.7%, and Dogecoin – 2.6%.

Smoother Conversion of Currencies

Presented in March 2022, the In-Game Currency Conversion feature, feature became an instant hit among players who like to switch between crypto and fiat.

Initially, bets made via Bitcoin, Ethereum, and other cryptocurrencies could be converted to USD, but, a significant upgrade was made in October, allowing players to convert their crypto balances into as many as 9 fiat currencies, including EUR, CAD, NZD, NOK, JPY, BRL and more.

Thanks to this, they can explore games that are not natively optimized for crypto. As a result, they have a significantly more diversified collection of releases to choose from, resulting in the constant growth of crypto players.

Committed to Innovation and Excellence

The month behind us was more than successful for the company, as it was crowned with two important licenses. Its Casino Platform received the GLI-19 certification for Interactive Gaming Systems, while the SOFTSWISS Sportsbook secured the GLI-33 certification for Event Wagering Systems.

Both approvals were granted on behalf of Gaming Laboratories International (GLI). These certificates confirm that the company abides by the most rigorous standards for security, fairness, and player protection.

Source:

“85% of Bets in Crypto Casinos Are Made with In-Game Currency Conversion”, softswiss.com, September 8, 2023.