Two trading apps are rising to the top of Apple’s App Store in recent days. At the time of publication on Friday, Robinhood sets the number one position, with Coinbase in second. In third: popular social media platforms TikTok, YouTube, and Instagram hold fourth and fifth and Snapchat holds sixth positions, respectively.
According to CNBC in an article on Friday, One possible conclusion is that folks are now more interested in swapping crypto and financial assets than they are in interacting on various social media platforms.
In January Robinhood saw significant coverage when the company halted purchases of GameStop stock. The decision came after the asset’s price spiked in tandem with activity from a Reddit subreddit known as r/Wallstreetbets.
The second on the list is Coinbase, one of America’s most prominent exchanges in huge downloads. The firm has been on the news for the past few days because it recently went public, and it’s now a public company. The firm became a public company through a direct listing, and it is now called COIN under Nasdaq.