Gemini, the cryptocurrency exchange founded by the Winklevoss twins, has made significant strides in a highly competitive crypto market. Recent launch of an XRP rewards credit card in partnership with Ripple Labs and Mastercard propelled the exchange above Coinbase in US App Store rankings.
Market Overview
Gemini has surpassed Coinbase in app rankings, securing the 16th position in the finance category, while Coinbase holds the 20th spot. Despite Coinbase handling over three times the trading volume of Gemini, interest in the XRP rewards credit card continues to grow.
XRP's Growing Popularity in Finance
XRP is gaining broader recognition in the global financial sector. Recently, Chinese fintech firm Linklogis integrated the XRP Ledger into its trillion-dollar supply chain finance platform. This move positions XRP prominently in cross-border transactions and trade financing, supporting interest in Gemini's reward card.
Gemini's Future Prospects and IPO Plans
Gemini faces tough competition from Coinbase, which boasts a daily trading volume of $4.54 billion compared to Gemini's $382.49 million. However, the planned IPO with shares registered on Nasdaq under the ticker GEMI could further enhance Gemini's influence in the crypto industry.
Gemini's recent success demonstrates its capacity to compete with leading players in the cryptocurrency market and opens new opportunities for future growth.
