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Coinbase Becomes The Most Downloaded App In iOS Beating Facebook And Youtube

Bitcoin fever is at its peak and the only way to measure it is by observing the cryptocurrency apps. Bitcoin’s price has reached the trading level close to $15,000 and in the meantime, Coinbase has successfully secured the top position in the Apple’s app store in the US.

Coinbase has been valued at $1.6 billion and has acquired the top position in the Apple’s U.S. App Store for the first time. Bitcoin crossed $17,000 mark recently but then dropped back to $15,000. The increased interest of people to understand the mechanism as to how cryptocurrency exchange works, made Coinbase app the most popular app in Apple’s store.

A month back, Coinbase was ranked 400 in the Apple’s App Store. It is unbelievable that in a month’s time it has beaten the likes of Facebook, Snapchat, and Youtube in the US.

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

Bitcoin’s value saw a huge boost of 2000 percent. If we take a look back in December 2016. It started below $800 and has briefly touched the $18,000 mark. The news of Coinbase success came soon after another Bitcoin mining firm, NiceHash, suffered a major hack which was worth over $60 million.