Q1 2024 Cryptocurrency App Trends in Australia

In the first quarter of 2024, cryptocurrency apps have shown varied trends in Australia, with data provided by Sensor Tower showcasing how these platforms performed on a unified iOS and Android front. Here's a brief overview of their activity.

CoinSpot - Buy & Sell Bitcoin saw a notable increase in downloads, starting the quarter at around 4K and peaking at over 16K by early March before settling at approximately 7K by the end of March. Weekly active users fluctuated, with a high of 293K in late February and ending the quarter with around 238K active users.

Crypto.com - Buy Bitcoin, ETH experienced a staggering spike in downloads in late February, soaring to 21K from an early January figure of approximately 2K. Weekly active users mirrored this pattern, climbing from 39K to over 61K in the same period, though they dipped to 46K by the end of March.

Binance: Buy Bitcoin & Crypto also enjoyed growth in downloads, with an early January number of around 3K, a spike to over 9K in early March, and then a decrease to just above 5K by the quarter's end. Weekly active users reached a peak of 126K in early March after starting the quarter at 84K.

Coinbase: Buy Bitcoin & Ether downloads showed a mid-quarter peak of approximately 6K, which was a notable rise from the 3K at the start of January. Weekly active users showed a steady increase, beginning at 17K and rising to a peak of 26K in early March.

Lastly, Bybit: Buy & Trade Crypto downloads saw a gradual increase throughout the quarter, beginning at roughly 1.5K and reaching over 3K by March's end. The weekly active users for Bybit started at around 7K and saw a steady increase to just over 10K by March.

While the revenue for these apps was not a factor in Q1 2024, the engagement levels in terms of downloads and active users provide valuable insights into the Australian cryptocurrency app landscape. For more detailed analytics and insights, Sensor Tower's platform is the go-to resource.