TLDR
- Gemini surpassed Coinbase in the App Store rankings after launching an XRP rewards credit card in collaboration with Ripple and Mastercard.
- The new XRP rewards card offers users up to 4% cashback in XRP, available instantly with no waiting period.
- Gemini reached 16th place in the App Store’s finance category, while Coinbase dropped to 20th after the announcement.
- Tyler Winklevoss referred to the shift in rankings as the “acceleration of the flippening” in the crypto market.
- Ripple Labs CEO Brad Garlinghouse expressed excitement about the launch, calling it an exciting time for the XRP community.
Gemini, the cryptocurrency exchange founded by the Winklevoss twins, has surpassed Coinbase in the App Store rankings. This comes after the launch of its new limited-edition XRP-rewards credit card in collaboration with Ripple Labs and Mastercard. The card promises users up to 4% cashback in XRP, which Gemini announced on social media earlier this week.
Gemini Overtakes Coinbase in App Store Rankings
After the announcement, Gemini surged in the App Store rankings, surpassing Coinbase in the finance category. According to Sensor Tower data, Gemini reached 16th place, while Coinbase dropped to 20th. This shift in rankings is significant, considering that Coinbase has over three times the daily trading volume of Gemini, as reported by Messari.
Tyler Winklevoss, co-founder of Gemini, referred to this milestone as an “acceleration of the flippening,” a term often used in the crypto world to describe a shift in market dominance. The launch of the XRP rewards card was seen as a major factor in Gemini’s rise in the rankings. Users now have the opportunity to earn instant rewards in XRP, which has further fueled Gemini’s growth on the App Store.
the flippening is accelerating pic.twitter.com/6WKQgLHYhX
— Tyler Winklevoss (@tyler) August 26, 2025
XRP-Rewards Credit Card Gains Attention
Ripple Labs CEO Brad Garlinghouse also celebrated the announcement, commenting on social media that it was “a great time to be alive for the XRP family.” The credit card offering gives Gemini users an easy and direct way to accumulate XRP, further solidifying its position in the market. The new card has already garnered attention from the cryptocurrency community, making it a prominent feature for Gemini.
The collaboration with Mastercard and Ripple Labs on the credit card is a strategic move to enhance Gemini’s appeal. It introduces a practical use case for XRP, which could attract more crypto enthusiasts. The card’s instant rewards structure makes it a unique offering compared to other cryptocurrency rewards cards.
Gemini’s Growing Market Presence
Gemini’s rise on the App Store comes at a time when the exchange is also making significant moves in the traditional finance space. The company recently filed with the US Securities and Exchange Commission (SEC) to list its Class A common stock on the Nasdaq. The planned IPO, expected to launch under the ticker symbol GEMI, will mark Gemini’s first public offering.
Goldman Sachs, Morgan Stanley, and Citigroup are leading the IPO’s syndicate of major banks. Gemini’s stock listing represents the company’s growing ambition to expand beyond the cryptocurrency space and into traditional financial markets.
