Cryptocurrency

Coinbase beats Facebook & YouTube to become the most downloaded app on iOS

Avatar Written by Sajeel Syed · 1 min read>
Coinbase

As the Bitcoin’s price continues to surge trading close to $15,000, Coinbase has successfully secured the top position in Apple’s app store in the US, as its most downloaded one in the region. Bitcoin fever is at its peak and there’s no better evidence to measure it except by observing this app that lets you buy the cryptocurrency.

Coinbase, one of the top cryptocurrencies exchanges around the world, valued at $1.6 billion has acquired the top spot for free apps in Apple’s U.S. App Store for the first time. Bitcoin rocketed past $17,000 mark recently, however, dropped back to $15,000, as you can check on our top menu from your desktop devices. The increased interest of people to understand the mechanism on how cryptocurrency exchange works made the Coinbase app most popular in the country’s largest smartphone manufacturer Apple’s App Store.

If we go a month back, Coinbase was ranked on 400th position in Apple’s App Store. You won’t believe it, in a month’s time the app has beaten the likes of Facebook, Snapchat, and Youtube in the US.

The interest of people towards investing in Bitcoin and other cryptocurrencies made them rush towards crypto mining site. As a result, Coinbase site was down for maintenance for hours.

Bitcoin’s value has seen a boost of 2,000 percent if we take a look back in December 2016. It started below $800 and has briefly touched $18,000 mark.

The news of Coinbase success came as another Bitcoin mining firm suffered a major hack. NiceHash lost over $60 million worth of cryptocurrency in a recent hack attack.

Written by Sajeel Syed
I am a writer at TechJuice, overseeing IT, Telecom, Cryptocurrency, and other tech-related features here. When I'm not working, I spend some of my time with good old Xbox 360 and the rest in social activism.Follow me on Twitter: https://twitter.com/sajeelshamsi Profile