The Gemini app that offers crypto -investment access to the cryptocurrency extension has passed one of the most important competitors, Coinbase, in terms of Appstore rankings immediately after the first has launched a credit card in collaboration with Ripple Labs and Mastercard.
Summary
- The Gemini app climbed to the 11th in the ranking of the American financial app and achieved Coinbase at 26.
- The Crypto Exchange launched an XRP Branded credit card on Monday.
- Coinbase still beats Gemini in terms of trade volume.
From the moment of writing, facts From the market information platforms Sensor Tower shows that the Gemini app was the 11th most popular app in the Finance category in the United States. Coinbase, on the other hand, was 26.
This was an important milestone of the Winklevoss Twin-LED Crypto Exchange, which was arranged only two weeks ago on August 12, while the Coinbase app was 24.
Co-founder Tyler Winklevoss celebrated the development on X and called it ‘De Flipping’. See below.
Gemini surpass Coinbase immediately after the launch of his XRP Rewards credit card, a metalback offer rolled out in collaboration with Ripple Labs and Mastercard.
The credit card offers cardholders up to 4% back in XRP on gas purchases and a $ 200 XRP bonus for publishing $ 3,000 in the first 90 days.
Although this was not the first credit card product from Gemini, the decision to include an XRP brand version seems to be a deliberate and strategic decision for Ripple’s vocal and loyal user base, often called the “XRP army”.
For Ripple, the map is also a means to expand the acceptance for his Stablecoin Rlusd, which was launched at the end of last year. With the new card, users can communicate with RLUSD without making conversion costs, making it a frictionless bridge between traditional Fiat behavior and the crypto economy.
Coinbase surpasses Gemini in trade volume
Gemini may have surpassed Coinbase in terms of App Store ranking lists, but it is still lagging behind Coinbase in terms of trade volume.
According to data from Coingecko, Coinbase had a 24-hour trade volume of no less than $ 4.54 billion, while Gemini was far behind, with only $ 382.49 million in transactions in the same period.
Nevertheless, the Gemini has continued to expand its global footprint in recent months, after he has acquired the very coveted Mica license on 22 August. The stock exchange is now a fully regulated platform that can offer its services in all 27 Member States of the European Union, plus various additional jurisdictions in the European Economic Area.
Gemini has also submitted to become public at the Nasdaq Global Select market under the Ticker symbol Gemi.
