Gemini, the cryptocurrency exchange founded by the Winklevoss twins, has surpassed Coinbase in U.S. app store rankings following the launch of its XRP-rewards credit card in partnership with Ripple Labs and Mastercard.
“This limited edition metal card gives up to 4% back in XRP instantly. No waiting, just stacking,” Gemini announced on X on Monday.
According to Sensor Tower data, Gemini climbed to 16th place in the finance category, while Coinbase dropped to 20th.
The milestone is notable given that Coinbase still handles more than three times the daily trading volume of Gemini, according to recent Messari data.
Tyler Winklevoss says, “The flippening is speeding up.”
Gemini co-founder Tyler Winklevoss tweeted on Monday, “The flippening is accelerating,” a milestone that other crypto market participants also took to social media to highlight.
App Store intelligence platform App Tweak reports that app rankings are primarily driven by keywords, downloads, user reviews, performance, and retention.
Meanwhile, Ripple Labs CEO Brad Garlinghouse tweeted on Monday, “An XRP rewards credit card out in the world?! What a time to be alive, XRP family.”
I can also make a few snappier, media-friendly versions if you want.
Coinbase records substantially higher trading volume compared to Gemini
CoinMarketCap data shows Coinbase ranks third among crypto exchanges by trading volume, posting $4.54 billion in the past 24 hours, while Gemini trails at 24th with $382.49 million.
This comes just weeks after Gemini filed with the U.S. Securities and Exchange Commission to list its Class A common stock on the Nasdaq Global Select Market under the ticker GEMI.
According to the filing, the IPO will mark the first time Gemini’s shares are publicly traded, with pricing expected within an undisclosed range. The offering will be led by a syndicate of major banks, including Goldman Sachs, Morgan Stanley, and Citigroup.
