International edition
September 17, 2021

Its total bets and GGR soared 167% and 165% year-over-year, respectively

SoftSwiss sees bitcoin transaction volume grow by over 1000% in Q1

SoftSwiss sees bitcoin transaction volume grow by over 1000% in Q1
SoftSwiss Game Aggregator Q1 2021 corporate report showed that traffic volumes throughout the CIS region are growing, with the leading territories being Russia, Ukraine, Kazakhstan and Azerbaijan.
Curacao | 05/05/2021

The company said all regions were actively growing in volume of bets over the past year, but the growth rates of the CIS region were not as high as those of the rest of the world. The top currency remains Euro, and the share of desktop usage is declining in favor of smartphones.

T

he SoftSwiss Game Aggregator Q1 2021 corporate report stated that the total bets and GGR has increased nearly threefold in Q1 2021, compared to the same period back in 2020, according to Andrey Starovoitov, COO at SoftSwiss.

The company said the overall tendency is that the iGaming market keeps rapidly expanding, and the SoftSwiss Game Aggregator has for one seen steady growth in the number of brands.

Regarding the number of the total bets, it showed a 167% rise from a 4,10 bln euro in Q1'20 up to 10,97 bln euro in Q1'21 (pic. 1). The company attributed this increase to SoftSwiss' extensive expansion as a brand, along with the strengthened lockdown measures and players going fully digital. The GGR saw a 165% rise from 162,52 mln euro in Q1'20 to 430,04 mln euro in Q1'21 (pic.2).

The Q1 2021 report further states that the top currency remains Euro (pic. 3). Furthermore, the volume of transactions using bitcoin has grown by over 1000%, despite the fact that bitcoin lost its position within the top-3 currencies. This suggests that the use of bitcoin is increasing, with fiat currencies, however, remaining at the top of the game. Country-wise, over the past year, all regions were actively growing in volume of bets, but the growth rates of the CIS region were not as high as those of the rest of the world, for example of Western Europe.

The company said the CIS region is generally a very large market for the SoftSwiss Game Aggregator, but it faced certain difficulties with the operation of payment methods in Q1 2021. Hence the volume of bets ended up decreasing slightly, with the overall market share experiencing a significant drop from 22% in Q4 2020 to 15% in Q1 2021. 

However, traffic volumes throughout the CIS region are growing, with the leading territories being Russia, Ukraine, Kazakhstan and Azerbaijan.

Statistically (based on general data of players ranging from 18 - 70 years old shown in pic. 4), the average age and gender remain largely stable with a rather wide age range being 21-41 years (i.e. the average player age being 34 years). The majority of the players tend to be male, which may be seen in the pic. 5.

Finally, the Q1 2021 Game Aggregator report also shows that the share of desktop usage is declining in favor of smartphones (seen in pic. 6), which is most relevant to the current global trend, forced by the COVID-19 pandemic. Tablets seem to occupy their small but stable 5% niche.

According to the statistics, 6 out of 10 most played game titles appear to be live games, while the remaining 4, like Fruit Party by Pragmatic Play and Book of Dead by Play’n GO are being slot games. Sweet Bonanza by Pragmatic Play remains a permanent leader in slot games category. The most popular live game is Lightning Roulette by Evolution.

Leave your comment
Newsletter Subscription
Subscribe to receive the latest news and updates
Enter a valid email
Complete the captcha
Thank you for registering to our newsletter.