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Coinbase More Popular Than Charles Schwab
News Analysis

Written by Jordan Bodnar, 27.11.2017

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Rise in conversation about Bitcoin has had an enormous effect on Coinbase's user base. By the end of October Coinbase's 11.7 Million users surpassed that of 10.6 Million brokerage accounts at Schwab. The increased rate of new cryptocurrency accounts plays a significant effect in Bitcoin's extraordinary growth.

The amazing part is how much larger of a market Coinbase has to grow into as we're only at the beginning of this growth cycle. The network effect of Bitcoin will continue to spur growth in its user base especially as large corporations continue to publicly support the cryptocurrency. Coming in the second week of December CME is planning to launch Bitcoin futures.

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