Cloudbet, a leading online crypto casino and sportsbook, has recently conducted a study that reveals some interesting trends among cryptocurrency gamblers. The study found that players overwhelmingly prefer to use Tether (USDT) and Bitcoin (BTC) when making transactions on the platform.
According to the study, a whopping 84% of all transactions made on the Cloudbet platform were in USDT, with Bitcoin coming in at a close second with 16% of transactions. This data suggests that cryptocurrency gamblers are more inclined to use stablecoins like USDT for their online gambling activities, as they provide a more stable value compared to volatile cryptocurrencies like Bitcoin.
The study also found that players who prefer USDT tend to be more conservative in their gambling habits, with the majority of their bets being placed on more traditional casino games like slots, blackjack, and roulette. On the other hand, Bitcoin users were found to be more adventurous and willing to take risks, with a higher percentage of their bets being placed on sports betting and other high-stakes games.
Cloudbet’s research team believes that the preference for USDT and Bitcoin among crypto gamblers is due to the ease of use and convenience that these cryptocurrencies offer. With USDT being pegged to the US dollar, players can easily convert their winnings back into fiat currency without having to worry about price fluctuations. Bitcoin, on the other hand, is widely accepted across various online gambling platforms, making it a popular choice among crypto gamblers.
In addition, the study also found that a significant number of players are using cryptocurrency as a means of financial privacy. By using USDT and Bitcoin for their transactions, players can enjoy a level of anonymity that traditional payment methods cannot provide, making it a popular choice for those who value their privacy.
Overall, Cloudbet’s study provides valuable insights into the preferences and habits of cryptocurrency gamblers. As the popularity of online gambling continues to rise, it is clear that cryptocurrencies like USDT and Bitcoin will play a crucial role in shaping the future of the industry.
