Top 5 Cryptocurrency Apps Performance in UAE - Q3 2022

The third quarter of 2022 saw interesting trends in the performance of the top 5 cryptocurrency apps in the United Arab Emirates. Data from Sensor Tower reveals insights into weekly downloads and active user metrics for these apps on a unified platform, covering both iOS and Android.

Binance: Buy Bitcoin & Crypto experienced a fluctuating trend in weekly downloads, starting at around 6.9K in late June and ending at approximately 7.9K by the end of September. Active users showed more stability, with numbers ranging from about 49.6K in late June to around 46K at the end of the quarter.

BitOasis: Buy Bitcoin & Crypto saw a significant spike in weekly downloads mid-July, peaking at 8.9K. However, this was followed by a gradual decline, ending the quarter with around 2.3K downloads per week. Active users increased from 16.1K in late June to a peak of 21.9K by the end of July, before stabilizing at approximately 15.9K towards the end of September.

Sweat Wallet, a newer entrant, showed a sharp increase in weekly downloads, peaking at 11.8K in early September before tapering off to 3.4K by the end of the month. Active users also saw a rapid rise, from 100 in mid-August to a high of 26.8K by mid-September, before settling at around 20.7K.

Trust: Crypto & Bitcoin Wallet maintained relatively steady download numbers throughout the quarter, ranging from 1.7K to 2.1K. Active users showed a gradual increase, starting at 27.6K in late June and reaching approximately 29.8K by the end of September.

Bake (formerly Cake DeFi) experienced a significant rise in weekly downloads from late June, peaking at around 3.2K in mid-August before falling to 380 by the end of September. Active users mirrored this trend, increasing from 135 in late June to a high of 3.8K by late August, then declining to 2.3K by the end of the quarter.

For more detailed insights and data, visit Sensor Tower.