John Deaton Says Ripple, Coinbase Will Replace Big Banks

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. They’re 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 they’re 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 don’t 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 isn’t just a crypto app anymore, as it’s 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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