Gemini has achieved significant success by overtaking Coinbase in app rankings following the launch of its XRP cashback card. The new product promises instant rewards for users.
Gemini Climbs the Charts
According to data from Sensor Tower, Gemini jumped to 16th place in the finance app category, overtaking Coinbase at 20th. Just weeks ago, on August 6, Gemini was far behind at 117th while Coinbase held 26th position.
Launch of XRP Card with Mastercard Support
The card launch quickly attracted attention from Ripple supporters. Ripple CEO Brad Garlinghouse hailed it as a milestone for the XRP community, celebrating the arrival of an XRP-branded product in mainstream payments through its collaboration with Mastercard.
Coinbase Remains Dominant in Trading Volume
Despite the App Store success, Coinbase continues to lead in trading volume, reporting over $4.5 billion in the last 24 hours, while Gemini reported approximately $382 million.
While Gemini's rise in app rankings may be temporary, its upcoming IPO, supported by top banks, could help bolster its market position.
