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
Shiba Inu (SHIB) fetches 30% gain on Robinhood listing rumor and bullish chart pattern
Shiba Inu (SHIB) seems to be preparing for a bullish breakout as a falling wedge pattern begins to form.The price of SHIB has been trending lower inside...
Child prodigy with 162 IQ wants cryptocurrency for Christmas and gets it
The wish of owning cryptocurrencies this Christmas came true for a 12-year-old schoolkid with an intelligence quotient (IQ) higher than Albert Einstein. Barnaby...
VeChain upgrades to Proof of Authority 2.0 consensus mechanism
Supply chain tracking network VeChain has just upgraded its consensus mechanism to what it claims is the “world’s greenest” method of verifying blocks on...
Solana battles Cardano for the top-five spot as SOL market cap crosses $70B-mark
Solana's (SOL) autumn rally continued on Nov. 3 with its price and market cap hitting a new record high.SOL surged by 7% in the past 24 hours to $236, pushing...
Germany’s 2021 election: What do parties think of crypto and blockchain?
The use of new technologies such as blockchain or artificial intelligence has been in the spotlight lately and gaining more acceptance from governments...
Cardano chart painting a bull flag for $3 ADA price ahead of ERC-20 converter launch
Cardano (ADA) appears to be heading toward a new record high as its downside move takes the shape of a bull flag.In detail, the ADA/USD exchange rate plunged...
Alex Saunders again under fire after virtual HQ in Decentraland fails to launch
Australian crypto influencer and Nuggets News founder Alex Saunders is facing backlash over his non-fungible token (NFT) sale from late last year.Nuggets...
Every dog has its day: Dogecoin and Shiba Inu fetch 50% gains as altcoins rally
Momentum the wider cryptocurrency market appears to be on the upswing this week after bulls pushed Bitcoin price to the $46,700 and Ether price to $3,150...
Kaseya recovers data stolen in ransomware attack with mysterious decryption tool
IT software provider, Kaseya, has announced it is providing its clients with a decryption tool to recover customer data that was locked in a ransomware...
EU eyes new money laundering regulator and stricter crypto reporting requirements
The European Union is looking to launch a new agency designated with cracking down on money laundering at the regional level, with increased reporting requirements...
Top 5 cryptocurrencies to watch this week: BTC, ETH, UNI, ICP, AAVE
In a recent CNBC survey of a group of portfolio managers and equity strategists, only 6% of respondents expect Bitcoin (BTC) to reach $60,000 in 2021. A...
French Football Federation launches official player NFTs with Sorare
With the Euro 2020 championship in progress, blockchain-based fantasy soccer game Sorare has announced the licensing agreement for a national sports association...
Korean banks will need to classify crypto exchange clients as ‘high risk’
New rules announced by South Korea’s Financial Services Commission, or FSC, are expected to affect around 60 unauthorized cryptocurrency exchanges in the...
Another UK bank serves anti-crypto notice to customers
Corporate clients of NatWest may soon lose their banking relationship with the United Kingdom-based lender amid recent negative cryptocurrency-related policy...
Kodak Delayed ICO By Several Weeks
The initial coin offering (ICO) KODAKCoin, which has to start on January 31, was postponed to "several weeks". This is reported on the official website...