Cryptocurrency has quietly morphed from a niche experiment into a major disruptor in the iGaming world. Players appreciate the speed, privacy, and low costs of crypto payments, and operators are taking notice.
Soft2Bet, alongside other forward-thinking platforms, has begun incorporating crypto-friendly systems for markets that are open to digital currency, helping to shape the industry’s next chapter.
The Crypto Boom: Facts and Figures
Crypto-powered iGaming is not small potatoes anymore. In 2024, global crypto casino gross gaming revenue (GGR) reached a staggering $81.4 billion, a fivefold increase since 2022.
The crypto-gambling sector is expanding fast, with projections showing growth from €50 million in 2019 to about €345 million by 2026 – a CAGR of nearly 38%.
Why Crypto Works for iGaming?
- Lightning-fast and low-cost: Crypto deposits and withdrawals usually settle in under 10 minutes, compared to hours or even days with traditional payments. Fees are also much lower – often under 1%, versus 3–3.5% for credit cards.
- Transparency and trust: Blockchain enables provably fair gaming. Platforms like Soft2Bet let players audit game results through cryptographic hashing, creating real transparency and trust.
- Global access: Crypto payments bypass banking restrictions and open the door to players in regions with limited financial infrastructure. In some markets, crypto users already make up a sizable share of bets or prefer casinos that support this option.
In some areas, crypto users now form a sizable share of bets, or prefer casinos that offer this option.
Players Appreciate the Benefits
Many players report faster and more convenient transactions when using cryptocurrency compared to traditional payment methods.
Deposits and withdrawals often settle in minutes rather than days, with lower fees and minimal paperwork. Additionally, the transparency enabled by blockchain technology allows players to verify fairness directly on the platform, increasing trust and confidence in the games.
This combination of speed, security, and transparency is a major factor driving the growing adoption of crypto in iGaming.
Conclusion: Revolution or Temporary Fad?
It’s clear crypto is here to stay. With its speed, transparency, global reach, and low costs, it has become part of the mainstream. Industry leaders like Soft2Bet expect adoption to grow as blockchain technology develops further.
Still, the space is evolving. Operators must deal with regulatory checks, tech integration, and crypto’s volatility. For those ready to adapt, crypto is more than just another payment method – it’s a shift in how players and platforms transact and build trust. Companies like Soft2Bet, if they choose this path, can stay at the forefront of this change.
