Bitwise predicts Coinbase stock price will surpass $700 by 2025
According to a forecast by Bitwise, the world’s largest cryptocurrency index fund manager, Coinbase’s stock is expected to trade above $700 per share by 2025, making it the most valuable brokerage in the world, surpassing Charles Schwab.
Currently, Coinbase shares are trading above $302. For the prediction to materialize, the stock price would need to more than double.
However, Bitwise believes this is achievable, stating in its report that Coinbase is engaged in “more than just brokerage activities.”
Key growth drivers
The company’s partnership with USDC has been a significant growth factor, increasing by 31% this year and generating $162 million. Bitwise predicts this revenue stream will continue to grow.
The Layer 2 (L2) network Base, built on the Ethereum blockchain, is a leader in the ecosystem in terms of both transactions and total locked value, currently at $12.9 billion. Through this project, Coinbase earns tens of millions of dollars quarterly, and Base is expected to grow alongside increased capital and ecosystem expansion.
Bitwise also highlighted Coinbase’s cryptocurrency staking and custody services as “promising for the company’s future,” with these services expected to nearly double and reach $1 billion.
Coinbase, one of the largest cryptocurrency exchanges in the United States, has fully integrated Apple Pay into its Onramp services.
Starting December 2, users of apps built with Coinbase Onramp can conduct cryptocurrency transactions directly through Apple Pay. According to a company blog post, developers need not make any adjustments to enable the feature, making the integration seamless for app creators and users alike.
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