The Coinbase app took the number one spot on the U.S. Apple App Store on May 10 for the first time in four years. According to a The Block Research , Coinbase broke the top 10 in mid-April and then took the number 2 spot on April 14, the same day the exchange began on NASDAQ.
The app briefly dropped from the top 10 list, before it rose again on May 4. The rise happened when the art auction house Sotheby’s partnered with Coinbase to start receiving Bitcoin (BTC) and Ethereum (ETH) for physical art payments.
In December 2017, Coinbase hit the top spot in Apple’s U.S. App Store for the first time, just as BTC hit $17,000. The irony of this feat is that the app’s service was inaccessible for a significant part of the day. Many people were unable to check their account balances or even buy or sell on the platform.
On the other hand, Apple has had bad crypto experiences in the past. In August 2016, the mobile company had to several fake BTC wallets from the App Store after users of the digital currency were reportedly scammed out of thousands of dollars.