Following a shakeup in the U.S. banking system over the past week, crypto exchanges and wallets gained momentum as some look for bankless alternatives.
The top 10 crypto applications for exchanges and wallets have risen about 15% since Silicon Valley Bank’s stock fell 60% last week, according to a chart from real-time app data provider Apptopia. The top 10 crypto apps were defined as Coinbase, Crypto.com, Trust, Binance, Bitcoin and Crypto DeFi Wallet, Blockchain.com, KuKoin, Kraken, eToro and BitPay.
Meanwhile, the top 10 traditional banks and top 10 “digital first” bank app downloads have fallen during the same time frame about 5% and 3%, respectively. The top 10 banking apps include Capital One, Chase, Bank of America, Wells Fargo, Discover, Citi and U.S. Bank, among others. The top 10 digital first apps were Chime, Dave, Albert, Empower, Varo, MoneyLion, Current, Aspiration, Sable and Oxygen.
