Upbit, a cryptocurrency exchange, took the top spot in both the Google and Apple App Stores. This is the result of new cryptocurrency investors flocking to Upbit, the leading domestic exchange, while the price of bitcoin continues to rise.
Upbeat is on the 22nd The Upbit mobile app announced that it ranked #1 in real-time popular apps on both Google Play and Apple App Store.
Upbit’s dominance in the top two app markets is attributed to the influx of new investors interested in digital asset investment as the recent Bitcoin bull market continues.
According to IG Works, a big data platform company, Upbit’s The average weekly active mobile users (WAU) in the second week of February reached 1.12 million. This is the highest number among domestic exchanges.
Internet bank K-Bank, which is providing a real name verification account to Upbit, is also attracting attention, and is currently ranked second in popular apps.
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An official from Doona said, “With the recent bitcoin price hitting a daily high and proving its potential value with new financial assets, investors who want to start investing in digital assets seem to be choosing Upbit.” “We will continue to strive to provide the best trading environment for them to trade digital assets safely and without hassle.”
Meanwhile, the price of bitcoin has been on a steep rise since the end of last year. After recovering 20 million won in three years on November 18 last year, it has soared more than 200% and is currently trading in the mid-60 million won range.