Coinbase's mobile app has reclaimed the #1 spot in Apple's US App Store, surpassing TikTok, YouTube, and Instagram. This marks another milestone for the crypto exchange, which has consistently ranked among the most downloaded apps in 2021.
Key Highlights
- Top Rankings: Coinbase leads the App Store, with Crypto.com also in the Top 10.
- Android Performance: Coinbase ranks #2 on Google Play, ahead of Square’s Cash App (#5) and Crypto.com (#7).
- Surging Downloads: The iOS app saw 1.5M+ lifetime downloads, with a notable spike in the last 48 hours.
Market Context
Coinbase’s resurgence coincides with the Shiba Inu (SHIB) meme coin rally. After listing SHIB in September, the exchange reported $5B in SHIB trading volume (out of $43B globally). Ethereum-based tokens like SHIB continue to drive user engagement.
Historical Performance
- Previous #1 Rankings: May 2021 and December 2017.
- Nasdaq Debut: App downloads peaked in April 2021 post-Coinbase’s public listing.
Upcoming Features
Coinbase NFT, a peer-to-peer NFT marketplace, has 2.4M+ waitlist sign-ups. The platform aims to capitalize on the booming NFT market.
FAQs
Why is Coinbase trending in the App Store?
Increased crypto trading activity—especially meme coins like SHIB—and its user-friendly interface have driven downloads.
How does Coinbase compare to other exchanges?
It outperforms rivals like Crypto.com in rankings but faces stiff competition from decentralized platforms.
What’s next for Coinbase?
The launch of Coinbase NFT could further solidify its position as a crypto hub.
👉 Explore Coinbase’s latest features
Data Sources: SensorTower, CoinGecko.
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