Coinbase Muscles Into No. 2 Spot in Tokenized Stock DEX Volume

Coinbase is now the second-biggest issuer of tokenized stocks when ranked by weekly decentralized exchange volume, according to Cointelegraph. The exchange holds a 26.7% slice of that market. Robinhood, the current leader, sits at 27.3%.

That puts the two platforms practically neck and neck. Less than one percentage point of share separates Coinbase from the top spot, meaning a strong week on either side could flip the ordering.

The ranking is measured on a weekly basis and tracks DEX volume specifically, so it captures trading activity in blockchain-based versions of equities rather than traditional exchange order flow. Coinbase's move into second place marks a shift in who is actually moving that volume.

Robinhood keeps the narrow lead, but its cushion is thin. The two names now dominate the top of the leaderboard, with the next closest issuer left well behind, based on the figures Cointelegraph published.

Neither company offered public comment in the report. Because the metric resets every week, the gap between first and second is worth watching as tokenized equity trading continues to draw attention from both crypto-native venues and mainstream brokerages.