Coinbase overtakes TikTok for #1 position on Apple app store

Coinbase overtakes TikTok for #1 position on Apple app store

Major cryptocurrency exchange Coinbase’s mobile app now tops the charts for the U.S. Apple App Store.

According to the Top Charts list on the Apple App Store, Coinbase is currently the most popular app in the United States, ahead of TikTok, YouTube, Facebook, Instagram, and trading app Robinhood. Cash App, which allows users to send money and buy Bitcoin (BTC), sits in the #12 position at the time of publication, while Binance’s and Trust’s apps are at #16 and #17, respectively. 

Our top trading bots

Coinbase’s app had been near the top of Apple’s App Store last month, often behind Robinhood in the number one position. However, since the company began trading its stock on the Nasdaq in April, attention from the public seems to have risen, potentially leading to an increase in the number of desktop and mobile users. The crypto exchange has also since partnered with auction giant Sotheby’s to facilitate crypto payments.

In contrast, U.S. lawmakers may still have their eyes on Robinhood following allegations of market manipulation from the trading app as well as from major hedge funds in response to Redditors’ short squeeze of GameStop stock and others earlier this year. Last week the House Financial Services Committee held its third and reportedly final hearing regarding the controversy over GameStop stock shorts, but Robinhood CEO Vlad Tenev spoke at the first hearing in February.

First available on the Apple App Store in 2014, Coinbase's trading app had approximately 2 million downloads in April according to data from analytics site SensorTower.

Read on about Cointelegraph
Stargate Finance attracts $1.9B in six days
Stargate Finance, a cross-chain protocol designed to assist users in transferring assets between different blockchains, has accrued over $1.9 billion in...
Binance awarded Bahrain crypto service provider license
Crypto exchange Binance will provide fully regulated services to its first country in the Middle East thanks to a license granted by Bahrain’s central bank.Bahrain...
Finance Redefined: Axelar becomes a unicorn, new ETH addresses hit 1.5M per month, Feb. 11–18
Welcome to the latest edition of Cointelegraph’s decentralized finance newsletter.This week has been full of funding raises, innovations, service deployments...
SEC again delays decision on Grayscale’s Bitcoin ETF
The United States Securities and Exchange Commission (SEC) has once again delayed its ruling on whether to approve Grayscale’s application for a Bitcoin...
LÜM to launch ‘Access Pass’ NFTs for 25 globally known musicians
U.S.-based music platform LÜM is set to announce 25 partnerships with globally known musicians as part of a re-launch involving NBA Top Shot’s Dapper Labs...
Analysts say 2022 will be ‘defined by agility and cost-efficiency’ instead of ‘blockchain purity’
The entire crypto market took great strides toward mass adoption in 2021 and now that the year is nearly complete, analysts are setting their price targets...
US Bitcoin ETF favors Australian approval, but Aussies need to go further
On Oct. 19, 2021, the ProShares Bitcoin Strategy ETF (BITO) launched on the New York Stock Exchange. On its first day, the exchange-traded fund (ETF) saw...
Magic Internet Money races past $1B, sets sights on MakerDao
Abracadabra Money’s stablecoin Magic Internet Money (MIM) has surged past a $1 billion total supply this month as the project works to provide competition...
Project Giant: Nigeria’s CBDC set for pilot rollout on Independence Day
After four years of development, the Central Bank of Nigeria (CBN) is set to roll out its digital currency project. The launch will reportedly happen on...
Bloomberg strategist explains why 30-year US bonds have 'bullish implications' for Bitcoin
Despite Bitcoin (BTC) slipping back below $50,000, more and more investors are likely to move their capital into Bitcoin and gold markets in the second...
SkyBridge buys 38,500 tons of carbon offsets
Global investment firm SkyBridge Capital has partnered with carbon credit provider MOSS Earth to purchase tokens representing 38,436 tons of carbon offsets....
Four North American Bitcoin miners that could benefit from the East-West shift
Even before China finally wielded the ban hammer on crypto mining, Bitcoin (BTC) miners in North America had been building up their capacity amid efforts...
Kusama (KSM) price hits new highs as parachain auctions begin to take shape
Major protocol upgrades are one of the most potent sources of price movement for cryptocurrency projects as community members and investors get excited...
Uniswap’s daily fee generation tops Bitcoin’s by $1.7 million
The world’s top decentralized exchange, Uniswap, is currently beating out Bitcoin’s daily fee generation by more than 50%.According to the data tracking...
“Pretend Like Bitcoin is a Goat,” Ellen DeGeneres Got BTC on Her Comedy Show
It may seem to you that all people in your surroundings who talk about bitcoin know perfectly well what it is as a phenomenon and how it functions. But...