Coinbase will flip Schwab as most valuable brokerage

Coinbase is projected to become the world’s most valuable brokerage, surpassing $7 trillion asset manager Charles Schwab, supported by several key factors.

Bitcoin spot exchange-traded fund (ETF) issuer Bitwise predicts that U.S.-listed shares of Coinbase (COIN) will double to $700 next year and are currently trading at just $302.

These bullish predictions also brought with them the vision that this exchange will emerge next year as the world’s most valuable brokerage, surpassing Charles Schwab.

“Our prediction: Coinbase shares will trade above $700 per share in 2025 (more than double today’s price). This would make them the world’s most valuable brokerage, surpassing Charles Schwab. Why? “This is more than just a brokerage,” he said.

Bitwise stated in the published report

The collaboration between Coinbase and USDC had a positive impact on the company, generating $162 million in revenue, or a 31% increase. This prediction will continue to increase.

The new Layer 2 (L2) network called Base, based on the Ethereum blockchain, leads in both transaction and total value locking, with 131 transactions per second (TPS) and $12.9 billion respectively.

Through this L2 project, Base generates more than tens of millions of dollars in revenue every quarter as the capital and ecosystem are expected to grow.

Bitwise also stated that staking and custody services are promising for the company’s future, generating $589 million in revenue. Both operating revenues are expected to grow to $1 billion.

However, Charles Schwab has also expressed concerns about emerging digital assets, which has led to the company now entering the crypto spot market.

Coinbase’s upcoming move

Prior to this prediction, Coinbase had outlined a clear path to collaborate with various companies to integrate its services into another market, even before entering the new year.

Apple Pay has agreed to integrate its on-ramp platform, which aims to simplify and speed up transactions between fiat and crypto. It allows 60 million Apple Pay users in the US to easily convert currency.

The company’s executives also believe that the stablecoin will have better regulations next year. In such a case, USDC will grow multiple times in the future.