Coinbase will flip Schwab as most valuable brokerage

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

Bitcoin spot exchange-traded fund (ETF) issuer Bitwise forecasts that Coinbase (COIN) shares on the US stock market will double to $700 next year, while they now only trade at around $302.

These bullish projections also came with a vision that this exchange would become the most valuable brokerage in the world, overtaking Charles Schwab by next year.

“Our prediction: Coinbase stock will trade at over $700 per share in 2025 (more than double the current price). That would make it the most valuable brokerage in the world, surpassing Charles Schwab. The reason? It’s more than just a brokerage.

Bitwise shown on released version report

The collaboration between Coinbase and USDC had a positive impact on the company, accounting for $162 million in revenue, an increase of 31%. This projection will continue to increase.

A new layer 2 (L2) network named Base, which relies on the Ethereum blockchain, is now a leader in transaction locking and total value, with 131 transactions per second (TPS) and $12.9 billion respectively.

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

Bitwise also noted that staking and custody services also hold promise for the company’s future, with revenue generated at $589 million. Revenues for both companies are expected to reach $1 billion.

However, Charles Schwab also raisedd their concern over emerging digital assets, which has now led the company to enter crypto spot market.

Upcoming move from Coinbase

Ahead of this projection, Coinbase has clearly charted a course to collaborate with several companies to integrate their services into another market, even before entering the new year.

Apple Pay has agreed to join its access platform, aimed at simplifying and accelerating transactions between fiat and crypto. It allows 60 million Apple Pay users in the United States to easily convert the currency.

The company’s managers also believe this stablecoin will have better regulations next year. If this happens, USDC will increase several times in the future.