Coinbase Tokenized Stocks on Base Reach $4 Billion in DEX Volume

Cumulative decentralized exchange (DEX) trading volume for Coinbase Tokenized Stocks on Base reached $4 billion. The products remain available only to eligible users outside the United States.

Coinbase issues the tokens, with shares held by a regulated custodian providing 1:1 backing for the U.S. equities they represent. Minting and redemption are limited to participants who complete know-your-customer checks. Eligible users outside the United States can trade the tokens on secondary markets without permission.

The tokens launched on Base, Coinbase’s Ethereum layer 2 network, on Aug. 24, 2026. Trading is available around the clock, including weekends and market holidays.