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Coinbase pushes further into AI payments with new MCP for Base network | Fortune
Coinbase announced on Tuesday that has built a tool that allows users of its Base blockchain network to plug into services like Claude and Cursor. The new tool, called Base MCP, makes it easier to use AI for conducting crypto transactions such as trading and lending, and comes as part of a broader
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Base Launches Tool To Connect Crypto With AI Agents
AI models will be able to transfer funds, swap tokens, check balances and review transaction history with a new tool from Base. Base, the Ethereum layer-2 blockchain from crypto exchange Coinbase, has launched a tool to connect Base accounts to artificial intelligence agents for blockchain
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Coinbase's Base network unveiled a new Model Context Protocol tool that allows AI agents like Claude and ChatGPT to conduct crypto transactions including trading, swapping tokens, and checking balances. The move advances agentic commerce by enabling micro-transaction-based payments through stablecoins, though the nascent market has processed just $73 million in agent-based transactions over the past year.
Coinbase announced on Tuesday that its Ethereum layer-2 blockchain, the Base network, has launched Base MCP (Model Context Protocol), a tool designed to integrate with AI services like Anthropic's Claude, OpenAI's ChatGPT, and development platform Cursor
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. The new infrastructure enables users to conduct blockchain operations directly through AI model chat interfaces, marking a significant step toward making AI payments more accessible and practical for everyday transactions.
Source: Cointelegraph
The Base MCP allows AI agents to execute a range of crypto activities including transferring funds, swapping tokens, checking balances, and reviewing transaction history
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. Users can also interact with supported decentralized applications within the ecosystem, such as Morpho, Moonwell, Uniswap, Aerodrome, Avantis, Bankr, and Virtuals. According to Lincoln Murr, Head of AI Product for Coinbase, the Model Context Protocol functions as a "nice wrapper" atop APIs that facilitate diverse data requests without rigid coding rules, making AI models and Base wallets communication more versatile1
.Security remains central to the Base MCP design. When an AI agent proposes an action in the chat interface, the Base wallet opens in a separate window where users must confirm or cancel the transaction [2](https://cointelegraph.com/news/base-lThe Base MCP allows AI agents to execute a range of crypto activities including transferring funds, swapping tokens, checking balances, and reviewing transaction history
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. Users can also interact with supported decentralized applications within the ecosystem, such as Morpho, Moonwell, Uniswap, Aerodrome, Avantis, Bankr, and Virtuals. According to Lincoln Murr, Head of AI Product for Coinbase, the Model Context Protocol functions as a "nice wrapper" atop APIs that facilitate diverse data requests without rigid coding rules, making AI models and Base wallets communication more versatile1
.aunches-mcp-ttol-to-connect-crypto-wallets-to-ai-agents). Critically, AI agents do not have access to private keys, and every transaction goes through the same review flow users see for any Base account request, with asset changes simulated before confirmation. This approach addresses concerns raised by recent research from Google and leading universities, which warned that AI agents should be treated as untrusted system components to prevent attackers from hiding malicious instructions2
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Source: Fortune
The launch of Base MCP represents another incremental step in Coinbase's broader strategy to promote its x402 payment standard, released in May 2025
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. Named after a payments protocol built into the original web design that lay dormant for decades, x402 has become newly relevant with the advent of agentic commerce. Together with the Model Context Protocol for communication, these standards enable a new type of online commerce based on micro-transactions related to research and data.Unlike traditional API subscriptions that charge monthly credit card fees and make one-off transactions economically unviable, agentic payments through crypto rails like the Base network make it possible to engage in thousands of tiny transactions with processing fees costing less than a cent
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. This allows agents to collect small scraps of data across the web and make payments using stablecoins like USDC. Murr emphasized that "unlike siloed agentic wallets that only live in a terminal, your Base Account travels with you -- trades, history, and portfolio sync whether you're in-agent or in the Base App"2
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While the potential for agentic commerce appears substantial, the market remains in its experimental phase. A recent report by Keyrock found that agent-based transactions have totaled just $73 million over the past year, a tiny fraction of the $14.5 trillion processed annually by Visa
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. The x402 protocol specifically has processed only $1.1 million in volume over the past 30 days, according to x402scan2
.Despite these modest numbers, major players are investing heavily in the field. Beyond Coinbase and its partner Stripe, companies like Visa and Google are actively exploring agentic payments, suggesting the market could expand rapidly as infrastructure matures
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. The question for observers is whether the technical advantages of crypto-based micro-transactions will translate into mainstream adoption, or whether security concerns and user friction will limit growth to specialized use cases.Summarized by
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