Coinbase Hits $11.3 Billion in Daily Volume After Memecoin Listings

• Coinbase surpasses Robinhood to become the leading finance app in the Apple Store, ranking in the top 10 for free apps.
• Donald Trump’s electoral victory ignites the crypto market, leading to Bitcoin surpassing $93,000 and a global cryptocurrency value hitting $2.94 trillion.
• Coinbase’s adoption increases with the listing of memecoins Pepe and DogWifHat, resulting in Pepe outperforming all top 10 cryptocurrencies combined.

Popular cryptocurrency exchange Coinbase recently surpassed Robinhood to become the leading finance application in the Apple Store in the United States. Currently, the Coinbase mobile application ranks in the top 10 of the platform for free apps.

The recent popularity surge of Coinbase in the U.S. heavily reflects the current market state we have. After a heavy pro-crypto campaign – Donald Trump’s electoral victory on November 5th has ignited the cryptocurrency market, which led to several crypto assets going on outstanding bullish runs. 

Bitcoin – the world’s largest cryptocurrency – recently surpassed the previously unseen $93,000 zone. In truth, the entire market has been trending. Data from CoinMarketCap shows that the global cryptocurrency value also hit its all-time highest price today at $2.94 trillion. 

As for Coinbase – the exchange just recently hit $11.3 billion in daily trading volume, its second-highest volume score of the year.

This increase in adoption of the cryptocurrency exchange can also be attributed to the recent memecoin turn Coinbase implemented. Just yesterday, November 13, the exchange added two of the top memecoins by market capitalization: Pepe and DogWifHat. 

The listings caused a real fuss in the meme-inspired crypto market, leading $PEPE to outperform all top 10 cryptocurrencies combined on that date. Also adding to the list of innovations by Coinbase, the platform just added a cryptocurrency benchmark index of all top 50 cryptos, where users can trade similarly to the S&P 500.