Sensor Tower’s State of Asset Administration Apps in Europe 2021 Report: Installs Triple 12 months-Over-12 months within the First Half

Asset administration cell apps in Europe collectively noticed file progress in 2021, pushed by client curiosity in cryptocurrency. Sensor Tower’s newest report, available now, reveals installs of the highest asset administration apps throughout 32 nations within the area reached 90.2 million within the H1 2021, greater than triple the 28.4 million they noticed in H1 2020.

High European Asset Administration Apps Grew Installs by 218 P.c Y/Y

The highest 100 asset administration apps have been downloaded collectively 90.2 million instances by European customers in 1H21, up 218 % year-over-year from 28.4 million in 1H20. This outpaced even the expansion seen by the cohort in 1H20 when the apps’ installs rose 114 % Y/Y from 13.3 million in H1 2019. The growth in first-time downloads up to now this 12 months has been pushed primarily by cryptocurrency apps—eight of the highest 10 most downloaded apps have been of that sort, led by Binance, Paribu, and Coinbase. These three together with Crypto.com and BtcTurk Pro accounted for 45 % of the overall progress of asset administration apps.

Installs of top asset management apps in Europe reached 90.2 million in H1 2021, up 218 percent year-over-year

Cryptocurrency App Downloads and Bitcoin’s Worth Peaked in April 2021

As client curiosity in cryptocurrency swelled in early 2021, each cell app adoption and the worth of Bitcoin noticed explosive progress. In Europe, collective downloads of the highest cryptocurrency apps peaked at 710,000 installs on April 17 and Bitcoin’s worth hit an all-time excessive of greater than $64,000 that very same month. Binance was probably the most downloaded cryptocurrency app throughout Europe, topping the charts in each nation aside from Austria and Romania.

Collective downloads of the top cryptocurrency apps in Europe peaked on April 17, 2021.

Though cryptocurrency app adoption has since slowed, it’s doable that first-time installs could choose up once more sooner or later as client curiosity stays risky.

Multi-Asset Buying and selling Apps Proceed Specializing in Particular person Markets

Tinkoff Investments was probably the most downloaded multi-asset buying and selling app in Europe in 1H21, climbing 112 % Y/Y to three.3 million. Almost all of its installs got here from Russia’s app shops, which represented 98 % of European downloads within the first half of the 12 months, indicating that apps on this class are nonetheless primarily concentrating on particular person markets.

Tinkoff Investments was the most downloaded multi-asset trading app in Europe in 1H21.

For extra evaluation from the Sensor Tower Store Intelligence platform, together with key insights on the efficiency of high asset administration apps in Europe in addition to a breakdown of market shares, obtain the entire report in PDF type under:

Download Sensor Tower's The State of Asset Management Apps in Europe 2021 Report

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