Coinbase Ranks Second Among Tokenized-Stock Issuers by DEX Volume

Coinbase-issued tokenized stocks accounted for 26.7% of weekly decentralized exchange (DEX) trading volume among tokenized-stock issuers, ranking second behind Robinhood.

Robinhood’s share was 27.3%, a lead of 0.6 percentage point. The 18 issuers recorded $2.7 billion in combined weekly volume, with Coinbase-issued products and Robinhood accounting for 54%.

The percentages measure trading in each issuer’s tokenized-stock assets, not the companies’ shares of all DEX activity. Tokenized-stock instruments provide equity exposure and trade on blockchain-based venues.

Coinbase Tokenized Stocks trade on Base and are available only to eligible users outside the United States. Their cumulative DEX volume of $4 billion measures activity over time, a different measure from the weekly issuer shares.