Tokenized Stock Volume Surges 415% to $29.5B as Coinbase Goes Live on Base
COIN sits 28% above its 52-week low of $139.11.
Summary
Tokenized stock transfer volume exploded 415% in 30 days to $29.5B, with active addresses up 209% to 1.3M and holders up 167% to 2.36M. Coinbase's tokenized US stocks went live on Base on Aug 24, letting non-US users trade Nvidia, Apple, Meta, and Alphabet around the clock and use them in DeFi. Bitwise followed with automated portfolios built from Coinbase's tokenized stocks. This is a material expansion of Coinbase's product suite into tokenized equities, a fast-growing segment where Ondo, Kraken, and Binance already compete. The surge in volume and user adoption suggests real demand, but revenue impact for Coinbase is not yet quantified. Watch for Coinbase's next earnings to see if tokenized stock trading contributes meaningfully to transaction revenue.
At the time of this announcement, COIN was trading at $178.35 on NASDAQ in the Crypto Assets sector, with a market capitalization of approximately $47.1B. The 52-week trading range was $139.11 to $402.16. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Cointelegraph.