Coinbase ranks second among tokenized stock issuers by DEX volume

Coinbase captured 26.7% of weekly decentralized exchange volume across 18 issuers, trailing Robinhood by a sliver Coinbase now ranks second among 18 tokenized stock issuers by weekly trading volume on decentralized exchanges. It holds a 26.7% share of that market, according to Token Terminal data published November 2, 2026. The only issuer ahead of it is Robinhood, at 27.3%. In a field of 18, the gap at the top is roughly the width of a rounding error. The numbers behind the race Token Terminal tracked a total of $2.7 billion in weekly DEX trading across all tokenized stock issuers. Coinbase and Robinhood together accounted for more than half of it. The monthly picture tells a similar story. In October 2026, Robinhood’s tokens traded $2.61 billion on DEXes, while Coinbase’s traded $2.49 billion. Coinbase led over the latter half of October, which suggests momentum was moving in its direction as the month closed. Coinbase’s tokens also set a single-day volume record of $100 million earlier in October. How Coinbase got here so fast Coinbase launched its tokenized equities program on August 24, 2026. The offering lets users trade 1:1 backed tokens of major US stocks, including Nvidia,...