Okay, gather 'round, crypto enthusiasts. You know how Coinbase has been the big dog in the crypto exchange world for ages, right? Well, guess what? Gemini just gave it a little nudge off the top spot, and the Winklevoss twins are probably sipping on celebratory mimosas as we speak.

Why, you ask? Well, Gemini launched an XRP rewards credit card in cahoots with Ripple Labs and Mastercard. You can earn up to 4% back in XRP; no waiting around for your rewards to roll in. It's instant. Just stacking coins, as they say.

Gemini vs. Coinbase

This little announcement sent Gemini skyrocketing past Coinbase in the US App Store rankings. One minute, Gemini is chilling at #11, and the next thing you know, Coinbase is sitting pretty at #25.

Gemini daily category ranking
Gemini daily category ranking. Source: Sensor Tower

Now, how does an app make it to the top? Well, according to some snooping by App Tweak, it’s a mix of keywords, downloads, user reviews, and app performance. But hey, we’re all here for the XRP, right?

The Flippening Is Real

We all know Coinbase is the big fish, with more than three times the daily trading volume of Gemini. But this flip in rankings? Yeah, it’s a big deal. "The flippening is accelerating," says Tyler Winklevoss (yes, the guy who famously said, "Facebook? We came up with that"). He’s got a point though, because crypto fans on X are basically throwing a party for this milestone.

And just to sprinkle a little extra drama on top, Ripple CEO Brad Garlinghouse threw in his two cents with a post that screamed, “An XRP rewards credit card out in the world?! What a time to be alive, XRP fam!” Yeah, we get it, Brad. We’re here for it too.

Coinbase Still Holds the Crown (For Now)

But let’s not forget that Coinbase is still the heavyweight champ when it comes to trading volume. Coinbase pulled in $4.2 billion in the last 24 hours, while Gemini is hanging out in the 24th spot with a measly $326 million. So, it’s clear who’s still king of the trading mountain.

Oh, and don’t forget Gemini’s IPO filing for its Class A stock on Nasdaq. Expect a whole lot of bankers, including Goldman Sachs, Morgan Stanley, and Citigroup, to get involved. Can you smell the IPO in the air?

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