American cryptocurrency exchange Gemini has surpassed Coinbase on Apple’s App Store’s financial application charts in the U.S. The development comes hours after it launched an XRP edition of the Gemini Credit Card and ongoing chatter around the exchange’s upcoming initial public offering (ICO).
The Gemini credit card has been launched in partnership with Mastercard and Ripple Labs. Gemini released a statement on X on the launch of the card. “This limited edition metal card gives up to 4% back in XRP instantly. No waiting, just stacking,” the announcement read.
This move pushed Gemini to surpass Coinbase in the US finance category rankings, placing 11th while Coinbase ranked 20th, according to Sensor Tower.
Coinbase Continues Leading in Trading Volume
Interestingly, Coinbase has more than thrice the daily trading volume of Gemini. According to CoinMarketCap, Coinbase ranks third among crypto exchanges by trading volume, recording $4.54 billion in the past 24 hours, while Gemini sits at 24th with $382.49 million. Gemini also filed for the initial public offering (IPO) on August 16 on Nasdaq under the ticker symbol GEMI.
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