On May 10, the mobile application of the crypto exchange Coinbase topped the list of the most downloaded Apple App Store applications in the US segment.
According to The Block Research, the US-based cryptocurrency exchange Coinbase entered the top 10 most downloaded mobile applications in mid-April 2021, and on April 14 climbed to the 2nd place. On April 14, Coinbase directly listed its stock on NASDAQ, becoming a publicly traded company.
After the listing, user interest in Coinbase waned, and the application moved out of the top 10 most downloaded apps in the App Store. But in early May, it became the leader again after Sotheby’s auction house partnered with Coinbase to accept Bitcoin and ETH as payment for auctioned lots.
On May 10, the Coinbase mobile app topped the list of the most downloaded apps on the App Store in the US segment, overtaking TikTok, YouTube and Facebook. This is not the first time Coinbase managed to break out into the lead. In 2017, against the backdrop of growing interest in cryptocurrencies, Coinbase already occupied the first line of the ranking.
Coinbase reached a market valuation of over $80 billion following the direct listing. By this indicator, Coinbase overtook the operators of the largest traditional trading platforms in the world, such as the New York and Hong Kong stock exchanges.