A year ago it would have been unthinkable to see Coinbase’s mobile app leading the charts of the Apple App Store in America.
This means that Coinbase is currently the most popular app in the United States, followed by TikTok, YouTube, Facebook, Instagram, and trading app Robinhood, according to the Top Charts list on the Apple App Store.
No other crypto related app is close in download’s quantity, not even within the top ten. CashApp, which allows users to send money and buy Bitcoin (BTC), sits in the #12 position, while Binance’s and Trust’s apps are at #16 and #17 respectively at the time this was written.
Coinbase is Moving to the Top!
Last month, Coinbase’s app orbited near the top of Apple’s App Store often behind Robinhood in the number one position.
But the announcement in April this year about Coinbase beginning to trade its stock on the Nasdaq market drew huge public attention, which implied a raise in the number of new desktop and mobile users of Coinbase.
The major crypto exchange Coinbase has also gained attention in other influential market niches when partnered with giant auction Sotheby’s to facilitate crypto as a valid form of payment.
Legal Blowback
In the meantime, locally U.S. lawmakers are paying attention on Robinhood’s case, after allegations were made on possible market manipulation on behalf of the trading app.
Robinhood is not alone, other major hedge funds’s operations are being under study after the Redditors’ known short squeeze of GameStop stock.
The reportedly third and final hearing at the House Financial Services Committee regarding the controversy over GameStop stock shorts will happen next week. Robinhood’s CEO Vlad Tenev has been invited to speak during the first hearing in February.
The Coinbase app for mobile and desktops that was made available to the public on the Apple App Store back in 2014, had approximately 2 million downloads in April, according to data from analytics site SensorTower.
