Cryptocurrency and NFTs acquired loads of buzz within the first half of this yr whilst “meme stocks” despatched droves to funding apps corresponding to Robinhood. Sensor Tower’s newest report, available now, analyzes how cellular apps of this kind carried out after an unprecedented first half. The State of Asset Administration Apps Report contains deep dives into subcategories corresponding to Crypto Change and Crypto Pockets, together with Inventory Buying and selling, Advisory, and FOREX.
Asset Administration App Adoption Sees Continued Increase in 2Q21
Asset administration apps noticed document installs in america in Q1 2021, rocketing up 198 p.c quarter-over-quarter and exceeding 35 million downloads. Though there was a slight dip in Q2, installs of the highest 50 apps of this class remained elevated. U.S. adoption of those high apps climbed 152 p.c year-over-year and surpassed 33 million installs in Q2 2021.
Whereas the class noticed a surge in curiosity in 2020, the 152 p.c Y/Y progress skilled final quarter outpaced that seen by the highest apps within the year-ago interval. In Q2 2020, the highest asset administration apps reached roughly 13 million installs from U.S. marketplaces, which was 120 p.c Y/Y progress from 6 million in Q2 2019.
Crypto Almost Triples Its Market Share of Installs
From 2018 by 2020, the inventory buying and selling apps constantly held the best market share of U.S. installs among the many high 50 asset administration apps. Nevertheless, within the first half of 2021, a surge of client curiosity in crypto propelled it to grab nearly all of adoption. Within the first six months of the yr, crypto represented 51 p.c of downloads of the highest asset administration apps.
The highest inventory buying and selling apps beforehand maintained its market share of installs at round 68 to 71 p.c. In 1H 2021, this share fell to 43 p.c.
Inventory Buying and selling Apps Draw Youthful Customers
The month-to-month lively customers of the highest 20 inventory buying and selling apps have climbed steadily within the final 4 years—and the typical person age has conversely dropped. Since Q1 2017, the highest apps’ month-to-month lively customers climbed 600 p.c as of 1Q21. The common person age additionally declined to 30.6 years from 34.5 over this era.
For extra evaluation from the Sensor Tower Store Intelligence platform, together with key insights on the efficiency of high asset administration apps within the U.S., obtain the entire report in PDF kind under: