Gemini has surged past Coinbase in the U.S. App Store finance rankings after unveiling a new XRP rewards credit card in partnership with Ripple Labs and Mastercard. The limited-edition metal card offers up to 4% cashback in XRP instantly, a feature that quickly captured crypto users’ attention and pushed Gemini’s app to 16th place, while Coinbase slipped to 20th, according to Sensor Tower data.

The shift is notable because Coinbase dominates trading volume, handling more than three times the daily activity of Gemini. Messari data shows Coinbase recorded $4.54 billion in 24-hour trading volume compared to Gemini’s $382 million. Despite this gap, Gemini’s sudden leap in app store rankings highlights the growing influence of retail-focused innovations like rewards cards.

Gemini co-founder Tyler Winklevoss celebrated the moment on X, posting, “The flippening is accelerating,” while Ripple CEO Brad Garlinghouse added, “An XRP rewards credit card out in the world?! What a time to be alive, XRP family.”

App Store intelligence firm App Tweak explained that rankings are driven by downloads, user reviews, app performance, and retention—areas where Gemini’s launch has clearly sparked momentum. The XRP community, known for its strong online presence, also amplified excitement, fueling Gemini’s rise in visibility.

This comes at a pivotal time for Gemini, which recently filed with the U.S. Securities and Exchange Commission for an IPO on the Nasdaq under the ticker GEMI. The offering, to be led by Goldman Sachs, Morgan Stanley, and Citigroup, will mark the exchange’s first public listing.

While Coinbase remains far ahead in raw trading volume, Gemini’s bold XRP partnership signals a shift in strategy that could redefine competition among U.S. exchanges. If momentum continues, Gemini’s IPO debut may coincide with its strongest wave of user adoption to date.