Crypto exchange Coinbase has surged back into the U.S. Apple App Store top 100 for the first time in more than two years.
The app jumped from a ranking of 163rd on Sunday to 98th yesterday as the price of bitcoin approached all-time highs. It has since leaped back into the top 50 — currently ranking at 49th — according to The Block’s data dashboard.
Coinbase started the year ranking at 489th but has risen sharply alongside gains for bitcoin and the broader cryptocurrency market. It is the first time since February 2022 that Coinbase has been in the Apple App Store top 100, according to The Block’s Research Director Steven Zheng.
Coinbase app rankings. Source: Coinbase App Rank Bot.
Coinbase has also risen to a yearly high rank of 4 in the finance category on the App Store in the U.S., according to The Block’s data dashboard. Coinbase Wallet is currently ranked 13th, with Cash App ranked number one.
Coinbase currently ranks 24th in the finance category on the Google Play Store in the U.S. Coinbase Wallet is ranked at 33rd, with Cash App again ranked number one.
App ranking surge comes amid Coinbase’s second recent platform glitch
The surge in Coinbase’s app rankings comes despite the crypto exchange experiencing its second zero balance platform glitch in five days.
“We are aware some users may experience increased latency … and a few users may see intermittent zero balance,” Coinbase posted on X yesterday. “Rest assured, your funds are safe. Our team is investigating this issue and will provide an update. Trading is not impacted at this time,” it added, later issuing a fix.
Last Thursday, the U.S.-based exchange reported that heavy traffic caused the same technical glitch to occur. “We had modeled a ~10x surge in traffic and load tested it. This exceeded that number. It’s expensive to keep services over-provisioned, but we’ll need to keep working on auto-scaling solutions, and killing any remaining bottlenecks,” Coinbase CEO Brian Armstrong explained at the time.
Bitcoin 
BTC
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’s price surged nearly 10% yesterday to reach a high of around $68,700 before correcting — less than 0.5% shy of its all-time high of $69,000 set in November 2021. Bitcoin is currently trading at $66,836, according to The Block’s price page — up 58% year-to-date.
BTC/USD price chart. Image: The Block/TradingView.
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