Dark Light

Coinbase is a leading US crypto exchange that boasts of more than 35 million verified users and a massive $320 Billion plus in total volume traded.

The exchange’s App has achieved yet another milestone as it breaks ranked 30th in the list of top 100 free Apps in Apple’s mobile app marketplace App Store.

Coinbase Becomes 30th Top Free App on Apple AppStore.

The Coinbase mobile app debuted in the top 100 free apps on App Store in November 2020; however, within a few months, it jumped to 30th position, leaving several leading apps behind, as reported by the Block Crypto.

Coinbase stood on the 30th slot of the Free Apps list according to the App Store Live rankings. It followed the Roku- remote control app at the 29th slot and surpassed top-rated apps like Walmart grocery and online shopping or Venmo, a payment app. Surprisingly Coinbase app also left behind a popular social networking site Reddit on the list of free apps, which was at 34th rank. Even though the Coinbase App has reported several performance issues in the past, the cryptocurrency exchange App has been used and downloaded widely.

There is a high rise in the popularity of the App amid connectivity concerns.

While the Coinbase Status page showed that the application had several issues and incidents reported in the past, the popularity of the App has remained undeterred on the App Store.

With Bitcoin racing at $35000 price levels and Ethereum touching its all-time high in market capitalization, cryptocurrency exchanges see a massive surge in usage. Google trends also showcase that the searches across Ethereum, Bitcoin, and cryptocurrency have increased over time. As mainstream users get more curious about cryptocurrency and cognize the future potential of crypto assets, the popularity of crypto exchanges would grow inarguably. Since Coinbase is a leading and trusted crypto exchange, it is not surprising if it soars high on various platforms and Apple users download and use it more often for crypto trading. Interestingly in September last year, Coinbase United States CEO Brian Armstrong called out Apple for sideling DeFi and blocking crypto innovation. 

Disclaimer

The information discussed by The Coin Magazine is not financial advice. This is for educational and informational purposes only. Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Do your due diligence and rating before making any investments and consult your financial advisor. The researched information presented we believe to be correct and accurate however there is no guarantee or warranty as to the accuracy, timeliness, completeness. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright The Coin Magazine All rights reserved.

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Posts
Total
1
Share