Gemini Surpasses Coinbase in App Rankings with Game-Changing XRP Card

• Gemini’s XRP rewards card boosts app rankings, surpassing Coinbase.
• XRP Ledger gains traction, powering major fintech supply chain platform.
• Gemini’s IPO plans intensify competition in crypto exchange market.

Gemini, the cryptocurrency exchange founded by the Winklevoss twins, has made a bold move in the competitive crypto market. The exchange also overtook Coinbase in the US App Store after it introduced a new XRP-rewards credit card in partnership with Ripple Labs and Mastercard. Sensor Tower also shows that Gemini ranked 16th in the finance category, with Coinbase ranked 20th.

This move is essential considering that Coinbase boasts of a far larger volume of trades. According to Messari data Coinbase handles more than three times the trading volume of Gemini. Nevertheless, the announcement of the XRP rewards card has elicited much interest. The card will enable users to earn up to 4% back in XRP instantly and is a new standard of crypto rewards.

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XRP Gets a Boost in Global Finance

Gemini’s surge in rankings also comes at a time when XRP is gaining broader recognition in the global financial sector. Recently, Coin Bureau shared a post highlighting that Chinese fintech giant Linklogis is integrating the XRP Ledger into its trillion-dollar supply chain finance platform.

This action will enable XRP to take centre stage in cross-border payments, trade finance, and the handling of real-world assets (RWAs). The increasing popularity of XRP is helping projects like Gemini’s reward card, as the cryptocurrency continues to gain more use cases.

Gemini’s IPO and Future Growth

Despite its recent success in the app rankings, Gemini still faces tough competition from Coinbase. With $4.54 billion in daily trading volume compared to Gemini’s $382.49 million, the road ahead remains challenging. Nevertheless, the introduction of the XRP rewards card and the rising popularity of XRP could make Gemini successful in the future.

Gemini also plans to make an IPO, and it has registered its shares on Nasdaq, where it is expected to trade under GEMI. This step, which is supported by other big banks like Goldman Sachs and Citigroup, can enhance the influence of Gemini in the crypto industry even more.

This recent growth of Gemini shows that it can further compete with leading players in the crypto market.

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