Interesting Data: Coinbase App Ranking

Rikafip

legendary

Activity: 1722

Merit: 5937

Quote from: Husires on April 18, 2021, 02:11:04 AM

I don't think an application that asks users for identity and focuses on a specific country is capable of being the second most downloaded application in iOS or Android.

People are willing to share their identity for basically any shitty exchange that there is or do KYC without thinking twice, so why are you surprised that they are willing to do that for Coinbase, which is one the most reputable exchange that there is? I am not surprised at all.

There's been a lot of hype around Coinbase stock listing, so obviously many decided to check what's going on. In the end, it can only be a good thing for crypto.

GreatArkansas

legendary

Activity: 2534

Merit: 1397

Quote from: Husires on April 18, 2021, 02:11:04 AM

On what basis was Coinbase App Ranking? Is it on the basis of downloads, active users, increased numbers of users, the United States, or global?
(....)

It is probably by downloads, as a significant amount of downloads within a particular day/s. I believe there is some algorithm they are using to show the top list on their AppStore or even in google playstore.

This is very big for cryptocurrency, it is kinda an advertisement, a lot of people will start curious about cryptocurrency especially if they will start using Coinbase .

Husires

legendary

Activity: 1596

Merit: 1288

On what basis was Coinbase App Ranking? Is it on the basis of downloads, active users, increased numbers of users, the United States, or global?
I don't think an application that asks users for identity and focuses on a specific country is capable of being the second most downloaded application in iOS or Android.

6.1 million monthly of users a social networking site can achieve within a day or a week
bitcoin price was not rising in April not like in March or feb

mk4

legendary

Activity: 2870

Merit: 3873

📟 t3rminal.xyz

Quote from: verita1 on April 17, 2021, 06:36:54 PM

I am very surprised by this ranking. I have downloaded the Coinbase App first than Binance and I am using Binance several times a week. In fact, I have never used Coinbase, I am not going to deactivate it from my phone so I can take a look at it and see its benefits in where is it so good?
Android users comment on some good things, however they emphasize the high transaction fees.

It's because Coinbase's audience is mostly focused on people residing in the United States, so there's definitely a good chance that if you aren't from there, that you haven't even used or downloaded it; whereas Binance is international.

verita1

member

Activity: 1358

Merit: 81

I am very surprised by this ranking. I have downloaded the Coinbase App first than Binance and I am using Binance several times a week. In fact, I have never used Coinbase, I am not going to deactivate it from my phone so I can take a look at it and see its benefits in where is it so good?
Android users comment on some good things, however they emphasize the high transaction fees.

Mr.007

sr. member

Activity: 630

Merit: 250

not too surprised about this because Coinbase is one of the biggest markets in the world and has been around for a long time so lots of people already believe in them

CryptoCrookz

jr. member

Activity: 53

Merit: 2

If it gets more noncoiners interested in crypto, we all win.

Resardis

newbie

Activity: 2

Merit: 0

It shows that ipo worked so good for Coinbase but we can not see this for the price.

People just bought the rumor and now they are selling the news

harapan

sr. member

Activity: 1904

Merit: 306

Quote from: keithers on April 16, 2021, 11:12:24 PM

I wouldn’t be surprised if coinbase paid Apple for that #2 ranking on App Store. It’s still good for crypto overall but still

I know of promoted content on app stores but don't know if they did paid listing. I just know that since coinbase is an extremely popular app that is why it's not so surprising to see them achieve such a feat after their listing on both app stores. It's like the #1 crypto app for years now on app stores at the moment during to their premium-like service offerings especially to retail and mainstream investors and users. Even in terms of usage, it's a top app.

mk4

legendary

Activity: 2870

Merit: 3873

📟 t3rminal.xyz

Quote from: keithers on April 16, 2021, 11:12:24 PM

I wouldn’t be surprised if coinbase paid Apple for that #2 ranking on App Store. It’s still good for crypto overall but still

While I'm not saying that they didn't(though I doubt it, who knows?), it really isn't that farfetched for Coinbase to be a top-ranking app. I mean, the company has freakin 6.1 million monthly active users as per their recent Earnings Call[1].

[1] https://s27.q4cdn.com/397450999/files/doc_downloads/Copy-of-Q1'21-Guidance-Call-Release.pdf

keithers

legendary

Activity: 1456

Merit: 1001

This is the land of wolves now & you're not a wolf

I wouldn’t be surprised if coinbase paid Apple for that #2 ranking on App Store. It’s still good for crypto overall but still

arbiter5

full member

Activity: 218

Merit: 105

The Nomad

-- iOS --
April 1st, 2021 (pre-listing): Coinbase ranked at #147
April 17th, 2021 (after-listing): Coinbase ranked at #2

-- Android --
April 1st, 2021 (pre-listing): Coinbase ranked at #186
April 17th, 2021 (after-listing): Coinbase ranked at #8

So if you're wondering if the Coinbase stock listing was good for Bitcoin, the answer is yes.

Also, Fun fact: Coinbase applied for a direct listing, not an IPO.

Country: United States
Data: SensorTower

Topic: Interesting Data: Coinbase App Ranking (Read 143 times)