Tuesday, January, 21, 2025

Gemini Overtakes Coinbase in App Rankings with Revolutionary XRP Credit Card

Gemini surpasses Coinbase with a revolutionary XRP rewards card and is preparing for an upcoming IPO to boost its growth.
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Fridah Kangai

Fridah Kangai is a dedicated crypto journalist with a sharp eye for market trends, blockchain innovation, and digital asset movements. She specializes in breaking down complex topics into clear, engaging stories for both seasoned investors and curious newcomers. With a passion for decentralization and a pulse on the ever-evolving crypto space, Fridah delivers timely, accurate, and insightful coverage. Her work bridges the gap between technology and everyday understanding in the world of cryptocurrency.
  • Gemini’s XRP rewards card boosts its rank, surpassing Coinbase.
  • XRP Ledger integration powers global payments, strengthening Gemini’s position.
  • Gemini preps for IPO, furthering its growth in crypto market.

Gemini has leapfrogged Coinbase on the US App Store charts following the launch of its new XRP-rewarding credit card. The card, developed with Ripple Labs and Mastercard, instantly offers users up to 4% back in XRP. According to Sensor Tower, Gemini now ranks 16th in the finance category, while Coinbase drops to 20th.

This move is particularly notable considering that Coinbase dominates the market, with the platform having a threefold increase in daily trading volume compared to Gemini. Nevertheless, Gemini has created a buzzworthy XRP rewards card. It provides users with the possibility of receiving immediate XRP rewards, which is not a common feature of the crypto industry.

Also Read: Japan Moves to Slash Crypto Taxes and Enforce Tougher Insider Trading Rules

XRP Gains Momentum with Major Financial Partnerships

Gemini is also enjoying the rising popularity of RP in the world of finance. Coin Bureau recently reported that Chinese fintech giant Linklogis has incorporated the XRP Ledger into its trillion-dollar supply chain finance platform.

This will make it possible to make cross-border payments and trade finance on the XRP Ledger. The partnership enhances the reputation of XRP and increases its popularity, which will indirectly support Gemini’s new service.

Gemini’s IPO and the Road Ahead

Although Gemini’s popularity has increased in recent years, the company continues to compete with Coinbase. Coinbase remains the market leader with a daily trading volume of $4.54 billion, as opposed to Gemini’s $382.49 million daily trading volume. Nevertheless, Gemini’s introduction of the new rewards card and the increasing adoption of XRP put the exchange in a strong position to experience a further rise.

Gemini also plans to go public, having just filed to list its shares on the Nasdaq under the symbol GEMI. Big banks like Goldman Sachs and Citigroup support the offering. This action may also enhance Gemini’s role in the crypto industry, where competition is high.

Gemini, with its unique XRP rewards card and its upcoming IPO, is showing the way to further expansion in the crypto world.

Also Read: Pudgy Penguins (PENGU) Eyes $0.1 Breakout as Bullish Flag Pattern Emerges

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