Retail waking up? Coinbase rockets to rank 137 in App Store
2025-07-17 04:23:44
Main Idea
Coinbase's rise in the US Apple App Store rankings suggests potential renewed retail interest in crypto, though analysts are divided on whether retail investors are truly returning to the market.
Key Points
1. Coinbase climbed to rank 137 in the US Apple App Store, a 65% increase from rank 386 over the past month, coinciding with Bitcoin's price surge.
2. Bitcoin recently reached a new all-time high of $122,884 and was trading at $118,294 at the time of publication.
3. Some analysts, like Tony Edwards and Lab4Crypto, believe retail investors are returning, citing increased app downloads and engagement.
4. Others, such as André Dragosch and Elisa, argue retail interest remains low compared to 2021, based on Google search trends.
5. Spot Bitcoin ETFs have attracted $53.05 billion in inflows since January 2024, while spot Ether ETFs have seen around $6 billion since July 2024.
Description
The rise in popularity of the Coinbase app is often seen as a sign of renewed retail interest, but there’s still debate whether retail has truly returned.
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