{"id":14740,"date":"2024-10-18T05:55:18","date_gmt":"2024-10-18T05:55:18","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=14740"},"modified":"2024-10-18T05:55:18","modified_gmt":"2024-10-18T05:55:18","slug":"cloudbet-study-shows-crypto-gamblers-prefer-usdt-and-btc","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=14740","title":{"rendered":"Cloudbet Study Shows Crypto Gamblers Prefer USDT And BTC"},"content":{"rendered":"

[PRESS RELEASE \u2013 Willemstad, Cura\u00e7ao, Netherlands, October 17th, 2024]<\/strong><\/p>\n

New data from Cloudbet<\/a>, 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)<\/strong>.<\/p>\n

Year-to-date data shows that USDT accounted for 47.3 percent of the platform\u2019s total turnover, across more than 35 cryptocurrencies. Bitcoin claimed a 28.9 percent share followed by Ethereum at 11.5 percent.<\/p>\n

Altcoins with speedier transaction times, like Solana (SOL), Litecoin (LTC), Ripple (XRP), and Tron (TRX), are growing in usage but are still lagging behind.<\/p>\n

A company spokesperson highlighted, \u201cAfter looking over the data, it was one of those moments where you\u2019re just like, \u2018Crypto gamblers. They\u2019re just like us.\u2019 The same concerns about volatility or price fluctuations bond every crypto holder, whether you bet or not.\u201d<\/p>\n\n

In June 2024, Cloudbet<\/a> released an innovative new rewards program, awarding users in USDT without rollover restrictions. This month, the company released a second iteration of Cloudbet Rewards which now awards users in the cryptocurrency of their choice. For the majority of users, this will still be USDT, but it gives Cloudbet users the financial flexibility to play with more coins.<\/p>\n

\u201cWe\u2019re interested to see how users will take advantage of the versatility of the rewards program,\u201d says a Cloudbet spokesperson. \u201cWhile the first iteration has clearly been a hit with our users and has accelerated the shift toward this next quarter, we might find that users start betting with PONKE or other memecoins as a way to lean into alternative\u00a0crypto projects, especially if they\u2019re bullish on their potential.\u201d<\/p>\n

Since its founding in 2013 as the first licensed Bitcoin casino, Cloudbet<\/a> has had a front-row seat to the evolution of crypto gambling preferences. \u201cAfter nearly a decade in the space, we\u2019ve seen the market mature,\u201d the spokesperson shares. \u201cStability is the watchword now for the lion\u2019s share of crypto gamblers.\u201d<\/p>\n

\u201cVolatility is a key metric, not just for crypto trading but for crypto gambling. Increased liquidity, more robust blockchain security, among other strategies, can effectively manage and reduce a coin\u2019s volatility. Gamblers using volatile coins can feel like placing a bet, only to see your winnings diminish with a price drop,\u201d adds the Cloudbet spokesperson.<\/p>\n

About Cloudbet<\/strong><\/p>\n

Cloudbet<\/a> is a proud pioneer of crypto betting.<\/p>\n

Since its launch in 2013, as the world\u2019s first crypto-friendly sportsbook and casino, Cloudbet has served hundreds of thousands of users and taken millions of bets, establishing a reputation as the most trusted, secure, and VIP-friendly brand in crypto gaming.<\/p>\n

Cloudbet users can bet with 35+ cryptocurrencies, from Bitcoin, Ethereum, and stablecoins like USDC and USDT, to SOL and other popular altcoins. The site is available in 18 languages (including Spanish, German, Italian, French and Japanese).<\/p>\n

For media inquiries, odds, and insights, users can contact irene@media.cloudbet.com or check out media.cloudbet.com<\/a>.<\/p>\n

The post Cloudbet Study Shows Crypto Gamblers Prefer USDT And BTC<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

[PRESS RELEASE \u2013 Willemstad, Cura\u00e7ao, Netherlands, October 17th, 2024] 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), […]<\/p>\n","protected":false},"author":0,"featured_media":14741,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-14740","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/14740"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=14740"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/14740\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/14741"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=14740"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=14740"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=14740"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}