The number of downloads of Coinbase’s iOS app has exploded in the space of 48 hours. The exchange’s application found itself propelled to number one in the US Apple store in a strongly bullish context for the cryptocurrency markets.
Coinbase at the top on the Apple store: 1.5 million downloads on the horizon
Coinbase’s mobile application ranked first on the US Apple Store on October 28, 2021 , and has thus occasionally become the most downloaded application in the United States in recent days , while the crypto markets are experiencing a boom marked by a bitcoin (BTC) trading above $ 61,000 and the capitalization of the whimsical Shiba Inu (SHIB) exceeding that of the equally useless DogeCoin (DOGE).
The Coinbase application was still in eleventh place on October 26, 2021 . The number of downloads then suddenly exploded, approaching 1.5 million since it was posted on the Apple Store .
New money coming in! Coinbase Is The Most Downloaded iOS App In The US
— Briefly Crypto (@BrieflyCrypto) October 28, 2021
Sentiment: Positive
Major United States-based #Cryptocurrency exchange Coinbase Inc. is now the most downloaded mobile application…
Brief: https://t.co/zju72kCCSrhttps://t.co/R4HLVEIyyt
Coinbase co-founder Fred Ehrsam shared in a tweet for the occasion, images showing on the one hand the early days of the exchange’s app, and its current dominance on the Apple Store , ahead of giants like TikTok, Instagram, and YouTube.
Return to the top of the Coinbase iOS app: the context of previous climbs
Coinbase’s app also reached that top spot on May 10, 2021, weeks after Bitcoin hit an all-time high around $ 64,700 and the exchange entered the Nasdaq. It also took first place in the Apple Store in May 2017, a few months before bitcoin’s price hit $ 20,000 . The Crypto.com platform’s iOS application is also currently one of the most downloaded in the United States, arriving in fifth place on the US Apple Store.
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Coinbase is also popular on Google’s Play Store , ranking second there according to SensorTower data. Crypto.com lands meanwhile to the seventh position , the fifth occupied therein by the application Cash of Square.
This first place shows the dominance of Coinbase in the crypto markets in the United States. This position should be further strengthened by the series of recent partnerships that the exchange has concluded with major players in American basketball , to expose its brand to millions of fans of 3-point baskets and dunks.
