From the Google and Apple App Store rankings, we see evidence of cryptocurrency users entering the market

We have our own evidence: According to a lot of data from the Apple App Store and the Google Play Store, after Coinbase was listed on the Nasdaq, the public's awareness of cryptocurrency has at least been transformed into downloads of professional applications in the industry, including exchanges, wallets, and Internet brokerages.

This means that more cryptocurrency users are entering the market.

Apple App Store

According to App Annie data, Coinbase, an exchange that supports fiat currency deposits and withdrawals and can directly purchase cryptocurrencies, and Robinhood, an Internet brokerage that can directly purchase Bitcoin, have dominated the Apple App Store for several consecutive days and have been ranked first and second in the free app download list in the United States for several days.

Especially in the two days since Coinbsed was listed on April 14, the rankings of these two apps have risen rapidly.

Compared to Coinbase, a relatively new and unfamiliar application, Robinhood is more well-known in both the Internet and traditional brokerage fields, so this may be one of the reasons why Robinhood slightly surpasses Coinbase in the ranking, although in fact Coinbase was established earlier than Robinhood.

What’s even more exaggerated is that in the list of financial applications in the Apple App Store, applications that support cryptocurrencies dominate the top 8! All of these 8 applications support the direct purchase of cryptocurrencies such as BTC - among them, Venmo just announced today that it supports users to purchase cryptocurrencies.

In addition, it is interesting that places 6 to 8 are all Binance applications, including the cryptocurrency wallet Trust acquired by Binance, Binance Exchange and Binance US.

One piece of information that needs to be added is that since the Apple App Store in mainland China restricts cryptocurrency exchanges or wallet applications, the data in the country is not for reference.

Google Play Store

A similar trend can be seen based on data from the Google Play Store.

For example, Coinbase ranks second among all apps in the US Google Play Store (Robinhood is still first) and first on the financial list.

Another incredible thing is that for domestic users who cannot access the Google Play Store, Coinbase is actually ranked third in the Chinese financial list and 28th in the overall application list.

In the financial application list in the United States, the proportion of cryptocurrency-related applications is even higher, with the addition of Crypto.com, Webull (a brokerage firm that supports cryptocurrency transactions), Dogecoin Wallet, and Voyager (a cryptocurrency broker that acquired Circle's investment app).

What's the situation outside the United States?

In addition, if we refer to data from other countries outside the United States, we can also find that the proportion of applications in the financial area that support cryptocurrency is not low.

For example, Apple’s financial ranking in the UK:

Australia:

Germany:

South Korea:

The Japanese list is hard to understand. It seems that Rakuten has recently begun to increase its support for cryptocurrencies.

So judging from these data from Apple and Google, the overall download volume of cryptocurrency applications has received unprecedented attention with the listing of Coinbase. Some people think this is a kind of "out-of-circle" behavior.

However, at present, these data can only show the number of downloads and new users. As for whether one can deposit money to purchase cryptocurrencies and become a real coin holder, we hope that these platforms can disclose more data.