Menu IconA vertical stack of three evenly spaced horizontal lines. The price of bitcoin is soaring. Coinbase, one of the services spot bitcoin makes it easy to buy and sell bitcoin, is soaring too – it’s now the no. 19,500 per coin at one point.
The cryptocurrency’s wild ride is also boosting apps and services that enable people to buy and sell bitcoins. Coinbase, one of the most user-friendly Bitcoin services, shot up to the top spot on Apple’s App Store’s most-downloaded free app chart on Thursday. But like Bitcoin’s price, the App Store charts can be volatile, and it dropped to the no. Coinbase was also a trending download, according to the App Store search page. One estimate from app analytics firm Sensor Tower looking at both Apple’s app store as well as Google’s suggests that new users installed the Coinbase app more than 575,000 times in the first week of December. November, where it was only installed 177,000 times, according to Randy Nelson, head of mobile insights at Sensor Tower.