Coinbase, one of the largest cryptocurrency exchange mobile apps now sits at the top of the charts on the Apple App Store in the U.S. The trading app was first launched on the App Store back in 2014 and has now even surpassed Tiktok, Coinbase now holds the title as the number 1 ranked trending app in the U.S
According to data provided by the Top Charts list in the App Store, Coinbase is now the most popular mobile app in the United States, surpassing the likes of Tiktok, Facebook, YouTube, Instagram, and Robinhood, the trading app. In 12th position sits Cash App, the mobile that allows users to send money and purchase Bitcoin, while in 16th and 17th position sits Binance’s and Trust’s app, respectively.
Before it reached the top of the charts, Coinbase was second to Robinhood in first position. Since the company started trading stocks on Nasdaq last month, it garnered attention from the public, leading to an increase in desktop and mobile users. Coinbase is also in partnership with Sotheby’s to facilitate all crypto payments for the auction giant. Which further amassed public attention for Coinbase.
On the other hand, the Robinhood trading app is still under observation from U.S lawmakers due to the market manipulation accusations from the trading app along with Reddit’s hedge fund claims over GameStop stock among others. In the previous week, the House Financial Services Committee held their third and evidently final hearing in regards to the GameStop stock controversy even though the Chief Executive of Robinhood Vlad Tene spoke in regards to the controversy during the first hearing held in February.
The Coinbase trading app made its debut in 2014. According to the data from SensorTower, the analytics site, Coinbase’s trading app had over a million downloads in April from the App Store.
