Downloads Of Crypto Exchange Coinbase App Slump
Downloads of the Coinbase app declined rapidly due to the fact that the crypto market capitalization fell by $22 billion at once after another correction of bitcoin price, Quartz reports.
Experts spoke about the growth of Coinbase's popularity in December 2017, taking the lead in the number of app downloads thanks to the BTC price of more than $20 thousand. In June, the exchange dropped to the 40th place in the list of crypto exchanges.
A scandal with the loss of money from private accounts of Coinbase users, who even complained to the US main regulator, the Securities and Exchange Commission, could also affect the drop in the platform's popularity, according to expert opinion.