Coinbase ranks 260th in the App Store despite the bull market… "Retail investor participation remains low"
Summary
- Coinbase, the largest virtual asset exchange in the U.S., is said to be staying at 260th in the App Store despite the recent virtual asset market uptrend.
- In the past, the Coinbase app's ranking rose sharply when retail investor inflows increased, but this rally is analyzed to have been led by institutions and professional investors.
- It explained that whether the Coinbase app ranking surges in the future will be an important variable to judge the sustainability of the rally.
Coinbase, the largest virtual asset (cryptocurrency) exchange in the United States, is still recording a low App Store ranking despite the virtual asset market's uptrend.
On the 15th (local time), crypto-focused media The Block analyzed the U.S. App Store and reported that the Coinbase app is currently at 260th place.
Some interpret this to mean that a substantial inflow of retail investors has not occurred. In the past, when retail investors flowed in and the virtual asset market entered a full uptrend, the Coinbase app ranking remained among the top ranks in the App Store.
In fact, last November during the meme coin craze, the Coinbase app ranking surged from 480th to 12th.
This is why there is analysis that the recent virtual asset rally was triggered by institutions and professional investors. The outlet said, "Even with the current price rise, retail investors' FOMO (fear of missing out) appears limited," and explained, "Whether the app ranking surges in the future could be a variable to judge the sustainability of this rally."
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
