The post John Deaton Says Ripple, Coinbase Will Replace Big Banks appeared first on Coinpedia Fintech News
More and more young people are moving away from traditional banks and looking toward crypto platforms for better financial opportunities. Theyâre drawn to things like higher returns, tokenized stocks, and access to Web3 tools that offer more control and flexibility.
Paul Barron recently shared that big banks like Wells Fargo and Bank of America are now feeling the heat. He pointed out that 89% of Gen Z and Millennials say theyâre ready to leave their banks for crypto and DeFi platforms. This major shift shows how quickly the next generation is embracing new tech and pushing for a more open financial system.
.@coinbase. @krakenfx, @Ripple, @RobinhoodApp etc are the banks
of the not-so-distant future. I predict Coinbase, Kraken & Robinhood will become One-Stop shops for all types of loans, including mortgages, construction loans, consolidation loans, car loans, and even facilitate⊠https://t.co/Db8CGDfhco
— John E Deaton (@JohnEDeaton1) July 3, 2025
In the same context, John E Deaton believes that companies like Coinbase, Kraken, Ripple, and Robinhood will soon take over the role of traditional banks. He believes people will be able to get car loans, home loans, and even borrow money from each other using these platforms. He sees them becoming full financial centers soon.
Ripple and Uphold Deal Could Financial Game
Deaton also pointed out the speculation that Ripple might buy Uphold. If that happens, he believes Uphold will also become a major player in this new financial system. Ripple, already a leader in digital payments, could get a major boost with this deal, allowing it to serve more users and offer more financial tools.
Why Traditional Banks Are Falling Behind
According to Deaton, banks that donât innovate or adopt modern technology will not survive. With the rise of DeFi (Decentralized Finance), people now expect faster services and better access to their money. They also want the chance to earn higher returns and gain more control over their finances. Deaton says this is why many younger people are already turning away from big banks in favor of crypto platforms.
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Coinbase and Robinhood Are the Future
Deaton says Coinbase and Robinhood are no longer just apps for trading. He sees them becoming strong financial companies. More people are using these platforms every day, and he believes they will only get bigger as crypto grows. Recently, Cathie Wood said Bitcoin holders may soon use Coinbase to get mortgages by using their crypto as collateral.
John Deaton agrees with Cathie Wood, calling Coinbase a top stock to own, just like big names such as Goldman Sachs and JPMorgan. Referring to these changes, he said Coinbase isnât just a crypto app anymore, as itâs becoming a major player in traditional finance. The COIN stock surged, nearly 100% in two months, which shows that more people are buying into this story.
He also says the change is already happening. The world of money is shifting. People who act early could see the biggest rewards.
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FAQs
Gen Z and Millennials are drawn to crypto platforms by the promise of higher returns, access to tokenized stocks, and Web3 tools offering more control and flexibility. They seek faster services and better access to their money, reflecting a desire for a more open and technologically advanced financial system that traditional banks often lack.
Platforms like Coinbase are already offering crypto-backed loans, allowing users to borrow USDC using Bitcoin as collateral without selling it. While not yet directly offering car or home mortgages, the move towards tokenized assets and the ability to use crypto as collateral for traditional loans is paving the way for such services in the future.
Traditional banks are falling behind because they often lack the innovation and modern technology that younger generations expect. They struggle to offer faster services, higher returns, and the level of control and transparency that DeFi and crypto platforms provide. Their outdated systems and slower adoption of new tech deter digitally native users.
