httpss://www.youtube.com/watch?v=4gW20txWsS0
The largest US-based cryptocurrency exchange now has more users than stock brokerage Charles Schwab.
According to Alistair Milne of Atlanta Digital Currency Fund, Coinbase users exceeded 13.3 million on Sunday after a surge of 300,000 new registrations in a single week.
For comparison, Coinbase’s number during October was over 11.7 million users.
Perhaps more interesting than the current numbers of users is to compare the rate of growth of the two platforms over the last twelve months.
Was Schwab has seen an increase of around 5% over the course of 2017, Coinbase is up 148% in the same amount of time.
Coinbase still lags behind the world’s largest stock brokerage, however.
That said, if the growth at Coinbase were to continue at the same rate, the company would have 26.6 million users this time next year.
Presuming Fidelity continues to grow, that would place the cryptocurrency exchange right behind the planet’s largest stock brokerage in terms of registered users.
Comparing numbers of users is but half the story.