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

John D’Agostino said on Bits + Bips that Coinbase is seeing “roughly $20 million a week” in its tokenized stocks business, a number he called “growing.” D’Agostino, head of strategy at Coinbase Institutional, said in the episode, recorded Monday, Oct. 19, that the figure covered the stretch “since our launch a few weeks ago.” He also brought up Binance , which runs its own tokenized stock product. “Binance has a bigger headstart on us, is doing multiples of that,” he said. In the same answer, he described “almost insatiable, endless demand for US equities” in tokenized form among people who can’t open a brokerage account. He did not specify what the weekly figure measures, such as new tokens created, trading volume or net deposits, or which weeks it covers.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to Unchained.