Coin base hits the top spot on the US app store.

The $1.6 Billion company behind one of the most popular cryptocurrency trading apps Coinbase became the most downloaded app in the US app store on Thursday, this came at a time when Bitcoins price hit record highs as the currency went past $16,000 this week.

Coinbase has experienced amazing growth over the last year, reports from CCN show that more than one million users register with the app each month. The app is widely considered to be the easiest way for new and experienced users to trade cryptocurrency

This massive rise in users became a quick problem for Coinbase this week as the massively popular app struggled to cope with the amount of users and purchases which were going through leading the app to become temporarily unavailable for most of the day, the web servers for Coinbase struggled too with the site being down for maintenance again for most of the day causing frustration among customers look to buy and sell Bitcoin as it reached it's high.

At the current time the app does seem to have stabilised, the app managed to attracted hundreds of thousands of new users in a few days, we now see the price of Bitcoin continuing to grow so therefore apps such as Coinbase will continue to grow along with the currency.