Coinbase Hits a New High
This is a single insight from This Week in Apps #86 - A Bunch of New Records. Check out the full article for more insights.
Crypto is getting real weird. Last week yet another unknown cryptocurrency, Shiba Inu, took command of the news cycle, went up by some fraction of a fraction of a penny, and in the process reminded everyone Coinbase is (un)officially where crypto trading happens these days.
Daily downloads rose to the highest they've ever been, giving Coinbase a new all-time high and sending it to the top of the charts for a bit.
According to our estimates, downloads jumped to 235,000 last Thursday, with the majority coming from the U.S., with the U.K. and Canada in distant second and third places. In September, Coinbase was averaging 40,000 downloads a day, putting this spike at a 6x multiplier.
Before this spike, Coinbase's best day of downloads was back in May, when Dogecoin got everyone giddy. That day recorded 207,000 downloads, a good 14% lower.
Cryptocurrency hasn't fully made it into our everyday lives just yet, but it's on its way. And as that's happening, Coinbase has undoubtedly become the most popular place for mere mortals to buy and sell it.
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All figures included in this report are estimated. Unless specified otherwise, estimated revenue is always net, meaning it's the amount the developer earned after Apple and Google took their fee.
