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Crypto payments processor CoinGate has revealed that Litecoin (LTC) has risen to take the 2nd position on the user preference list.
Litecoin Is Now Only Behind Bitcoin In Crypto Payments On CoinGate
In a new post on X, CoinGate has shared how crypto payment preferences among its customers changed during the month of July. CoinGate is a Lithuanian company that offers digital asset payment processing services to merchants, allowing them to accept various tokens like Bitcoin, Ethereum, and Litecoin.
Below is the pie chart shared by the firm, showcasing the top coins used by its customers in July.
Looks like BTC is still the king of the sector | Source: CoinGate on X
As is visible, Bitcoin is still the leading crypto on CoinGate with a payments share of 22.9%. The more interesting tokens, however, are the ones below, where a shake-up has occurred.
Litecoin has climbed to the second place with a share of 14.5%. USDC follows in the third spot at 14%, beating the 12.2% share of the number one stablecoin, USDT. Tron has also made it into the top four with 12.9% of all payments involving the network.
Although LTC is only the nineteenth ranked coin in the sector by market cap, its blockchain has always found popularity in terms of use as a mode of payment. The reason behind it is simple: the network offers fast and cheap transactions.
Thus, given this utility, it may not be too surprising to see Litecoin climb near the top of the rankings of a payment processor like CoinGate, as users generally want to prioritize efficient settlement.
Last month, CoinGate shared a report that broke down different H1 2025 charts related to digital asset payments. LTC turned out to be one of the most used cryptos back then as well.
The breakdown of usage on CoinGate between the popular blockchains | Source: CoinGate on X
From the pie chart, it’s apparent that Litecoin’s dominance stood at 13.6% for H1 2025, just ahead of Ethereum at 13.5%. Bitcoin and Tron were still ahead with figures of 23.3% and 21.6%, respectively.
One interesting finding in the report is that merchants are becoming more comfortable with crypto.
The settlement breakdown between fiat and crypto | Source: CoinGate on X
In 2024, only 27% of merchants chose to hold received payments in digital assets. This figure saw a notable jump to 40.9% in H1 2025, implying businesses are increasingly preferring to settle in crypto.
In terms of merchant payouts, USDC is the most popular choice, likely for its stability and compliance advantages. Bitcoin is second, but Litecoin is nowhere to be seen on this one.
The coins that merchants prefer for payouts | Source: CoinGate on X
LTC Price
After a sharp jump of more than 9% over the past 24 hours, Litecoin has managed to recover to the $119 level.
The trend in the LTC price over the past five days | Source: LTCUSDT on TradingView
Featured image from Dall-E, coingate.com, chart from TradingView.com
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