Coinbase's Tokenized Stocks Are Seeing About $20 Million a Week, According to John D'Agostino

Coinbase Institutional is reporting approximately $20 million in weekly activity for its tokenized stock offerings, which launched on the Base blockchain on August 24. These assets are issued via the Abu Dhabi Global Market and are specifically restricted from access by U.S. persons. John D’Agostino, head of strategy at Coinbase Institutional, noted that demand for these tokenized U.S. equities remains high among international investors who lack traditional brokerage access. While Coinbase is seeing steady growth, D’Agostino acknowledged that Binance’s competing bStocks product currently handles significantly higher volumes. Binance recently reported that its bStocks platform surpassed $1 billion in assets under management with cumulative trading volumes exceeding $40 billion. Base creator Jesse Pollak further highlighted the rapid expansion of the ecosystem, noting that daily trading volumes for tokenized stocks on Base have reached between $70 million and $100 million. This trend underscores the increasing institutional focus on providing global, on-chain access to traditional equity markets through layer 2 scaling solutions.