According to the latest SOFTSWISS report, the share of altcoin usage in iGaming reached nearly 50% in 2024, indicating a surge in their popularity among users.
In 2024, iGaming platform users increasingly turned to altcoins. As per SOFTSWISS, a leading provider of tech solutions for the iGaming sector, nearly half of all crypto bets in the industry this year were placed using altcoins.
SOFTSWISS data shows that in 2023, altcoins accounted for only 26.8% of the total crypto betting volume. However, in 2024, this figure surged to 46.4%. BTC’s share of crypto bets dropped by over 17 percentage points. Despite this decline, Bitcoin remains the dominant asset, with 53.6% of bets still placed using BTC.
Here are altcoins leading in popularity in 2024:
| Altcoin | Share in 2023 | Share in 2024 |
| ETH | 9.8% | 13.2% |
| LTC | 6.5% | 13% |
| USDT | 4.5% | 11.9% |
| DOGE | 3.1% | 4.4% |
SOFTSWISS analysts attribute the growing adoption of altcoins in the iGaming industry to several factors, namely:
- altcoins often offer lower transaction fees;
- the speed of transaction confirmation with altcoins is much faster compared to Bitcoin;
- some altcoins provide greater anonymity and privacy.
Vitali Matsukevich, COO of SOFTSWISS, said that the sharp rise in BTC’s price in Q4 2024 led to a more conservative approach by players to crypto betting. He believes the increase in Bitcoin resulted in higher average bet amounts, which positively affected the overall volume of crypto bets. Vitali expects that as BTC’s price fluctuates, players will increasingly prefer altcoins for betting, using Bitcoin less frequently.
SOFTSWISS data confirms a continued strong interest in cryptocurrencies within the iGaming sector. In 2024, the total volume of bets (including fiat and crypto) grew by 35.9% compared to the previous year. The total value of crypto bets alone increased by 18.7% in 2024 compared to 2023.
In H1 2024, one in five bets in the iGaming sector was placed using crypto. More than half of industry experts predicted that crypto would become a key growth driver for iGaming projects in 2025.
