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In 2014, the trading app was first made available on the Apple App Store.
A significant cryptocurrency exchange Coinbase’s mobile app is currently the most popular in the Apple App Store in the United States.
Coinbase is actually the most popular app in the United States, ahead of TikTok, YouTube, Facebook, Instagram, and trading app Robinhood, according to the Apple App Store’s Top Charts list. Cash Software, which helps users to transfer money and purchase Bitcoin (BTC), is ranked #12 at the time of release, while Binance and Trust are ranked #16 and #17, respectively.
Last month, Coinbase’s app was at the top of Apple’s App Store, often trailing Robinhood in the top spot. However, after the company’s shares started trading on the Nasdaq in April, market interest seems to have increased, possibly leading to a spike in the number of online and smartphone users. Since then, the crypto exchange has collaborated with auction house Sotheby’s to promote cryptocurrency payments.
In comparison, US politicians could also be looking at Robinhood after reports of market fraud from the trading app as well as big hedge funds in reaction to Redditors’ short squeeze of GameStop stock and others earlier this year. The House Financial Services Committee held its third and reportedly final hearing on the GameStop stock shorting scandal last week, but Robinhood CEO Vlad Tenev testified 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.