San-Francisco-based cryptocurrency exchange Coinbase’s download rate has fallen to its lowest level among U.S. finance apps following the general decline in digital currency markets, Quartz reported July 10.
According to Quartz, the Coinbase app fell to 40th place in June download rankings, its lowest download ranking since April 2017.
The situation reportedly reflects the fickleness of retail traders, who make up the greater part of trading volume in crypto markets.
In December, Coinbase reportedly became one of the top finance apps in the U.S. in terms of downloads backed by the price of Bitcoin (BTC), which surged to $19,000.
Coinbase has recently come under fire after a Freedom of Information Act request by Mashable revealed 134 pages of complaints filed by Coinbase users with the U.S. Securities and Exchange Commission (SEC).

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