The number of installed crypto apps surpasses a record high.
Crypto apps beat all download records. Cryptoexchange and cryptocurrency wallet applications became the download leaders.
The Coinbase and Crypto.com apps became the absolute leaders in the number of installations on mobile devices. In general, the number of installed crypto-apps has increased by 81.4% compared to July 2019.
An era of a renaissance for cryptocurrency
According to the research conducted by the resource Apptopia, the second quarter of this year was a period of a real breakthrough for crypto-applications. Starting in February 2020, at the period when the quarantine was introduced and all borders were closed, the number of installed crypto-applications began to increase steadily, and in July this year, the figure reached a record high of 3.5 million downloads.
According to representatives of the platform, the most popular crypto apps are mobile crypto-wallets, as well as cryptocurrency exchange platforms where users can buy and sell digital assets.
The leaders in terms of installs were Coinbase with approximately 969K and Crypto.com with approximately 576K downloads. Also among the most downloaded apps are Blockchain Wallet, BRD, Trust, Luno, Binance, Bitcoin Wallet, Bitcoin Wallet from Bitcoin.com and Coinbase Wallet.
According to the representatives of Apptopia, the growing popularity of crypto-applications is associated with several factors at once: the pandemic of coronavirus infection, the active development of the cryptocurrency market in Africa and Latin America.
“Crypto.com, for example, has increased new installs from Nigeria by 339% over the past 90 days. Coinbase grew there by 113%”
According to analysts themselves, such an increase in the popularity of applications can give impetus to the development of other cryptocurrency projects such as ZenGo, TronWallet, Yellow Card, Paxful and Zebpay.
Memes are popular too
However, crypto users prefer to download not only apps and wallets but also surf the Internet with pleasure in search of funny pictures and memes. While studying the audience of cryptocurrency investors, a former Coinbase executive suggested that Bitcoin may be the most popular investment asset among tech workers. This makes it a certain common value that unites the tech industry.
In general, it can be noted that 2020 was a real breakthrough for cryptocurrencies.