Coinbase has worked with Perplexity AI to provide traders with real-time, AI-driven cryptographic data.
In a post Thursday, Armstrong said the collaboration will undergo a two-phase integration. In the first phase, Perplexity will focus on Coinbase market data, including the Coin50 index, using information available in Perplexity's new Comet browser.
“We expect the enhanced cryptography to be a catalyst for AI to unlock an additional 10x,” he said. “Personally, I'm most excited to see Crypto Wallets fully integrated into LLMS one day. That would be a huge step into an unauthorized digital economy.”
The announcement is part of a broader strategy to connect artificial intelligence and crypto, and Coinbase in the future is considered inevitable. In 2024, Coinbase implemented a machine learning tool to predict traffic spikes and scaling resources, aiming to avoid crashes and improve efficiency.
“We believe Crypto will become an AI financial system,” said Mark Troianovski, head of partnerships and business development at Coinbase. Decryption. “As AI agents become more capable, they need secure, transparent, and programmable transactions. Blockchain technology is the best.”
Troianovski said Coinbase is focused on making this future possible by making on-chain payments easy and accessible to both humans and agents, and “building AI-Native ways to help people trade and access LLMS crypto insights.”
He added that the role of AI in chain finance will expand rapidly, but it is not without challenges. AI makes on-chain data more accessible, but Troianovski warned that it needs to be deployed with Safeguards.
The announcement reflects a broader trend in the expansion of the role of AI in the cryptocurrency market. According to Coingecko, AI-related tokens currently have a market capitalization of approximately $26.5 billion.
The release date for Phase 2 was not announced, but Armstrong said it would come “quickly” with X. The next phase will integrate Coinbase market data directly into Perplexity's responses, allowing users to monitor market activity, explore trading ideas and access to token-specific information through natural language queries.
Armstrong, a longtime advocate for artificial intelligence, has previously argued that AI is not regulated to drive growth, just like previous innovations.
“This new access to reliable real-time data via increasingly intelligent LLMS will help more people make smarter and informed decisions about cryptography,” Armstrong said. “That's a huge step forward!”
