Coinbase has more than doubled its number of users in just 12 months, adding 300k users in the last week alone. At the current pace and with 11.7m users, Coinbase would surpass Fidelity in the next year.
Charles Schwab reported 10.6 million active brokerage accounts for October, in contrast with 11.7 million users in October for Coinbase, the leading U.S. platform for buying and selling bitcoin. That number had grown to 13.3 million as of Sunday, according to data compiled by Alistair Milne of the Altana Digital Currency Fund. Coinbase added an estimated 300,000 users in the last week alone. Although Schwab's assets under management are in the trillions of dollars compared with bitcoin's $160 billion market capitalization, Bespoke Investment Group says "the idea that crypto-currencies users are just a fringe part of the financial universe is not accurate."