As a seasoned researcher with a keen eye for market trends and a knack for deciphering financial forecasts, I must confess that the projections for Coinbase are nothing short of intriguing. The potential for this digital asset exchange to surpass traditional giants like Charles Schwab is indeed a tantalizing prospect.
It’s predicted that Coinbase could become the world’s leading brokerage, outpacing the $7 trillion asset management giant, Charles Schwab. This projection is backed by a number of crucial elements.
According to Bitwise, a Bitcoin spot ETF issuer, they predict that the price of Coinbase stocks (COIN) in the U.S. stock market could potentially double to $700 by next year, compared to its current trading value of approximately $302.
This optimistic outlook was accompanied by the expectation that this trading platform could surpass Charles Schwab to become the globe’s most valued brokerage within the next year.
Our forecast: Coinbase shares could rise above $700 by 2025, which is over twice the current price. If this happens, they would become the most valuable brokerage globally, surpassing Charles Schwab. This anticipated growth isn’t solely due to its status as a brokerage, but because: Coinbase offers more than just traditional brokerage services.
Bitwise stated on the released report
As a crypto investor, I’ve been thrilled with the partnership between Coinbase and USDC. This alliance has significantly boosted the company’s earnings, contributing around $162 million to the revenue or a substantial 31% increase. Looking ahead, I anticipate this growth trend to continue upward.
A cutting-edge Layer 2 network called Base has emerged as a front-runner in both transaction and total value locked, processing up to 131 transactions every second and boasting a staggering $12.9 billion in value. This network is built upon the Ethereum blockchain.
As an analyst, I can share that our L2 project consistently contributes to earnings exceeding tens of millions of dollars per quarter for Base. This success is a strong indication that our capital and ecosystem are poised for substantial growth in the future.
Bitwise additionally highlighted that stakeholding and custodial services hold potential for the company’s upcoming growth, having produced a revenue of $589 million. It’s anticipated that these income streams could escalate to reach a billion dollars.
Meanwhile, Charles Schwab has voiced worries over burgeoning digital assets, prompting them to step into the cryptocurrency spot market.
Coinbase upcoming move
Prior to this, it was evident that Coinbase had already mapped out plans for partnerships with multiple businesses, aiming to incorporate their offerings in other markets, well ahead of the New Year’s arrival.
Apple Pay is planning to connect its exchange system with the goal of making it easier and quicker for transactions involving both traditional (fiat) and cryptocurrencies. This integration enables the 60 million Apple Pay users based in the United States to effortlessly switch their money between these currencies.
Company leaders anticipate that regulatory standards for stablecoins will strengthen significantly next year. Should this occur, USDC could see substantial growth in the time to come.
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2024-12-11 11:12