Cloudbet Study Shows Crypto Gamblers Prefer USDT And BTC | Currency News | Financial and Business News
Willemstad, Curaçao, 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),…
