Coinbase and Robinhood Continue to be the Most Popular Free Apps in the US
Several crypto-related apps Cash App, Trust Wallet, Crypto.com, Venmo, Voyager, PayPal, and Dogecoin wallet, are among the top 100 on both the Apple App Store and Google Play.
Finance apps continue to be the most popular free applications in the US.
This makes sense given all the money the central bank is pumping into the market, which has sent the prices of assets skyrocketing and made everyone a trader and an investor.
According to Similar Web, Robinhood is at the top spot with Coinbase at the 4th in the US on the Apple App Store. On Google Play, Robinhood is the only one in the top 50 and of the finance category, that too at 42nd place.
Both Robinhood and Coinbase have been capturing the top spots since last month. While retail trading surged during the coronavirus pandemic as people were forced to stay at home and in lockdown, “meme stock” that started around GameStop further helped Robinhood claim the top position.
Moreover, Robinhood also allows the trading of selective crypto assets with Dogecoin (DOGE), a popular asset on the platform. Cryptocurrency trading platform, Coinbase’s popularity was fueled by its debut on the Nasdaq in the mid of April.
According to SensorTower, Coinbase is the second most popular free app on the App Store in the US for Americans after Robinhood.
Square’s Cash App is the 14th most popular free app. This week, the company reported a record quarter thanks to Bitcoin, which amounted to $3.51 billion in revenue, up 11x from a year earlier and $75 million in gross profits.
Twitter co-founder and CEO Jack Dorsey, who is also the chief executive officer of Square, said during the company's earnings call that their long-term focus is on “enabling bitcoin to be a native currency” of the internet.
Another crypto-based Trust wallet is among the top 100, at 60th place, and Voyager at 79th. PayPal owned Venmo, which announced last month that it now allows its users to buy, hold, and sell cryptos within its app, has a 30 rank.
On Google Play as well, as per SensorTower, Robinhood is the 2nd most popular, followed by Coinbase at 3rd. Here, Crypto.com has joined in at the 11th place, and at the 12th spot is Cash App.
PayPal, which also allows buying, selling, and holding crypto, has also grabbed the 24th spot with Venmo at 33 and Dogecoin wallet at 92nd.