Editorial & Advertiser disclosure

Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

Home > Top Stories > New data findings explore the relationship between Coinbase user engagement and the price of Bitcoin

New data findings explore the relationship between Coinbase user engagement and the price of Bitcoin

Published by Gbaf News

Posted on April 26, 2018

6 min read

Last updated: January 21, 2026

PayTech Group's innovative solutions in hyper-personalised banking - Global Banking & Finance Review — This image showcases PayTech Group's leadership in hyper-personalised banking and payment solutions, highlighting their impact on the future of finance and digital payments.

Data findings reveal Coinbase user habits, with app owners checking Coinbase up to 7.5 times a day during the volatile month of December 2017, before dropping to as low as 2.3 times a day in February, as the price stabilised
Demand for the app surged in December in the UK, following the South Korean government’s announcement around a potential ban, by an average of 44% throughout the month
Over one-in-five Coinbase users checked the app on Christmas Day, with each user checking on average three different times during the day
Study also suggests that spikes of user engagement on Coinbase preceded Bitcoin price movements
Data findings from leading mobile data company Ogury uses data from Active Insights, a newly-released app ecosystem intelligence solution.

Ogury, the leading mobile data company, today announces findings indicating a direct, predictive relationship between crypto exchange Coinbase’s active users and the price of the cryptocurrency.

Bitcoin’s price reached an all-time high at $20,000 in December last year, followed by a recent price plunge in early February, sparking speculations around the factors determining the cryptocurrency’s price fluctuation.

The data findings for the UK market demonstrate the dominance of Coinbase, while indicating potential unusual drivers of bitcoin’s price.

chart-1

The results are based on insights from Coinbase app users on Android devices, between November 2017 – February 2018, pulled from Active Insights, Ogury’s newly-released app ecosystem intelligence solution.

On December 12th, Coinbase saw a spike in active users, rising 10% in just 2 days to reach total of almost 40%. Following this activity, the price of Bitcoin then climbed to $17,178 in the hours following the spike
On February 5th, Coinbase saw a steep decline down to almost 15% in active users; bitcoin’s price dropped down to $6,914
On December 12th, the most volatile month for bitcoin pricing, users of Coinbase checked the app on up to 7.5 times, before dropping to as low as 2.3 on February 5th
Over one-in-five Coinbase users checked the app on Christmas Day, with each user checking on average three different times during the day

chart-2

With 197 billion total mobile app downloads taking place in 2017, app insights are a valuable source of intel that can lead to rewarding knowledge of a given market. Daniel Warner, Head of Supply UK at Ogury, commented:

“Today’s findings are a true testament to the power of data in today’s economy. While there are many different factors that can drive the price of cryptocurrencies, analysis of app usership for trading platforms can lead to specific behavioural patterns and insightful conclusions.

We’ve built Active Insights with this in mind – to empower app publishers by providing, for the first time, detailed insights on user behaviour. The ability to then action those insights means publishers can supercharge their strategies to engage and retain users. The end result is a far superior experience for users, and an increased efficiency for publishers.”

Active Insights is powered by Ogury’s unique first-party data, leveraging real user behaviour to provide true ownership and engagement metrics far beyond what is possible with existing app store metrics or in-app analytics tools. The platform is already used by the UK’s leading digital publishers, such as Perform Media, with its suite of market leading sports apps including DAZN and Goal.

Data findings reveal Coinbase user habits, with app owners checking Coinbase up to 7.5 times a day during the volatile month of December 2017, before dropping to as low as 2.3 times a day in February, as the price stabilised
Demand for the app surged in December in the UK, following the South Korean government’s announcement around a potential ban, by an average of 44% throughout the month
Over one-in-five Coinbase users checked the app on Christmas Day, with each user checking on average three different times during the day
Study also suggests that spikes of user engagement on Coinbase preceded Bitcoin price movements
Data findings from leading mobile data company Ogury uses data from Active Insights, a newly-released app ecosystem intelligence solution.

Ogury, the leading mobile data company, today announces findings indicating a direct, predictive relationship between crypto exchange Coinbase’s active users and the price of the cryptocurrency.

Bitcoin’s price reached an all-time high at $20,000 in December last year, followed by a recent price plunge in early February, sparking speculations around the factors determining the cryptocurrency’s price fluctuation.

The data findings for the UK market demonstrate the dominance of Coinbase, while indicating potential unusual drivers of bitcoin’s price.

chart-1

The results are based on insights from Coinbase app users on Android devices, between November 2017 – February 2018, pulled from Active Insights, Ogury’s newly-released app ecosystem intelligence solution.

On December 12th, Coinbase saw a spike in active users, rising 10% in just 2 days to reach total of almost 40%. Following this activity, the price of Bitcoin then climbed to $17,178 in the hours following the spike
On February 5th, Coinbase saw a steep decline down to almost 15% in active users; bitcoin’s price dropped down to $6,914
On December 12th, the most volatile month for bitcoin pricing, users of Coinbase checked the app on up to 7.5 times, before dropping to as low as 2.3 on February 5th
Over one-in-five Coinbase users checked the app on Christmas Day, with each user checking on average three different times during the day

chart-2

With 197 billion total mobile app downloads taking place in 2017, app insights are a valuable source of intel that can lead to rewarding knowledge of a given market. Daniel Warner, Head of Supply UK at Ogury, commented:

“Today’s findings are a true testament to the power of data in today’s economy. While there are many different factors that can drive the price of cryptocurrencies, analysis of app usership for trading platforms can lead to specific behavioural patterns and insightful conclusions.

We’ve built Active Insights with this in mind – to empower app publishers by providing, for the first time, detailed insights on user behaviour. The ability to then action those insights means publishers can supercharge their strategies to engage and retain users. The end result is a far superior experience for users, and an increased efficiency for publishers.”

Active Insights is powered by Ogury’s unique first-party data, leveraging real user behaviour to provide true ownership and engagement metrics far beyond what is possible with existing app store metrics or in-app analytics tools. The platform is already used by the UK’s leading digital publishers, such as Perform Media, with its suite of market leading sports apps including DAZN and Goal.