Cloudbet Study Shows Crypto Gamblers Prefer USDT And BTC
Willemstad, CuraƧao, Netherlands, October 17th, 2024, Chainwire New data from Cloudbet , a leading crypto casino and sportsbook, reveals that the emergence of newer, faster cryptocurrencies like Solana, Polygon, and Tron, are not as popular as mainstream coins for online gambling. The platform data suggests that gamblers prefer established cryptocurrencies such as Tether (USDT), Bitcoin (BTC), and Ethereum (ETH) . Year-to-date data shows that USDT accounted for 47.3 percent of the platform’s total turnover, across more than 35 cryptocurrencies. Bitcoin claimed a 28.9 percent share followed by Ethereum at 11.5 percent. Altcoins with speedier transaction times, like Solana (SOL), Litecoin (LTC), Ripple (XRP), and Tron (TRX), are growing in usage but are still lagging behind. A company spokesperson highlighted, “After looking over the data, it was one of those moments where you’re just like, ‘Crypto gamblers. They’re just like us.’ The same concerns about volatility or price fluctuations