Coinbase holds 26.7% of weekly DEX volume for tokenized stocks, behind Robinhood at 27.3%, according to Token Terminal data published on November 2, 2026. Weekly trading across the 18 tracked issuers totaled $2.7 billion, with the two platforms accounting for more than half of all volume. In October, Robinhood’s tokens generated $2.61 billion in DEX volume, compared with $2.49 billion for Coinbase, which led during the second half of the month and set a single-day record of $100 million. Launched on August 24, 2026, Coinbase’s program allows users to trade 1:1-backed tokens of major stocks, including Nvidia, Apple, Meta, and Alphabet, on Base. Cumulative DEX volume for Coinbase-issued tokens surpassed $4 billion by October 29, while the broader tokenized equities market recorded $10.3 billion in DEX trading volume during October.
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