Top 5 Cryptocurrency Apps in South Africa Q4 2022

In the fourth quarter of 2022, the top five cryptocurrency apps on a unified platform in South Africa showed varied performance in terms of weekly downloads, revenue, and active users. Here is a detailed look at their trends.

Luno: Buy Bitcoin & Crypto maintained a steady presence with weekly downloads peaking at around 18.9K at the end of October and gradually declining to approximately 8.9K by the end of December. The app's weekly active users saw a downward trend from about 85K at the start of the quarter to 63.6K by the end.

Cryptomania —Trading Simulator experienced significant fluctuations. Weekly downloads surged to 17.8K in late November but dropped to around 6.8K by the end of the year. Active users mirrored this trend, peaking at 33.5K in late November before falling to 20.1K in the final week. Weekly revenue saw a notable increase, reaching around $85 by the end of November.

Binance: Buy Bitcoin & Crypto had a relatively stable performance with weekly downloads peaking at 5.6K in late October and then decreasing to about 2.4K by the end of December. Active users showed slight variations, with a high of 32.9K in early November and a low of 25.8K by the end of the quarter.

VALR Crypto Exchange displayed consistent performance. Weekly downloads ranged from 1.6K to 3.2K throughout the quarter. Active users remained stable, peaking at 20.2K in early December and ending the quarter at around 18.2K.

Trust: Crypto & Bitcoin Wallet showed a steady decline in weekly downloads, from approximately 3K at the beginning of October to around 1.1K by the end of December. Active users fluctuated slightly but remained around the 42K to 46K mark throughout the quarter.

These insights are based on data from Sensor Tower. For more detailed analytics and trends, visit Sensor Tower's platform.