Coinbase App Hits Top 100, Downloads Up 291%, Retail Crypto Interest Surges

Coinbase, a leading cryptocurrency exchange, has seen a significant surge in its app store rankings and downloads, indicating a renewed interest in cryptocurrency from retail investors. Starting from February 26, 2024, the Coinbase app climbed from the 445th position to within the top 100 free apps, specifically reaching the 128th position by February 29, according to tweets from multiple users tracking its performance. Additionally, data from SensorTower revealed that Coinbase app downloads increased by 291% in February, with the Coinbase Wallet app also seeing a 143% increase. This surge in app rankings and downloads coincides with Coinbase surpassing Robinhood in the app store, suggesting a shift in retail investment preferences. The increase in daily active users by 45% further confirms the growing engagement and interest in cryptocurrency trading on Coinbase, with the sentiment that 'Retail is coming back.' This trend is supported by the broader expectation that Bitcoin is going mainstream in this cycle, bolstered by Coinbase's focus on international expansion in 2024.