In the United States, Coinbase’s mobile app is curently the most popular app on the App Store, ahead of TikTok, YouTube, and Instagram.
According to SensorTower, another famous crypto exchange, Crypto.com, is also in the App Store’s Top Ten ranks. Coinbase‘s iOS app, which was released in June 2014, has around 1.5 million downloads to date, with a significant surge in the last 48 hours. Coinbase was the 11th most popular app in Apple’s US App Store on Tuesday, October 26.
Coinbase is presently the second most popular app in Google’s Play Store, with Square’s Cash App at number five and Crypto.com at number seven, according to SensorTower data.
Fred Ehrsam, who co-founded Coinbase with Brian Armstrong in 2012, reflected on the app’s early days, sharing a photo of how it used to appear.
“How it started… How it’s going,” Ehrsam wrote on Twitter.
How it started How it’s going pic.twitter.com/7xCGmnHljI— Fred Ehrsam (@FEhrsam) October 28, 2021
Coinbase’s return to the top of the App Store rankings coincides with a surge in the price of Shiba Inu, a meme coin that was introduced to the exchange in September. The Ethereum-based cryptocurrency has been on fire lately, reaching a new all-time high earlier this week.
SHIBA’s trade volume surpassed $43 billion in the last 24 hours, according to CoinGecko, with Coinbase accounting for as much as $5 billion of that total.
Coinbase’s iOS app has previously topped the App Store charts in the United States.
It was the most popular app in Apple’s U.S. App Store on May 10 of this year, as well as in December of last year. In April, the app was rated second after Coinbase’s stock launched on the Nasdaq.
Coinbase announced the launch of Coinbase NFT, a peer-to-peer marketplace for non-fungible tokens, earlier this month (NFTs). At the time of publication, there were more than 2.4 million persons on the waiting list for the program.