Coinbase Partners with Perplexity AI to Integrate Real-Time Crypto Data

Coinbase CEO Says Crypto Integration Could Be '10x Unlock' for AI - Decrypt

Coinbase CEO Brian Armstrong views it as a significant leap forward for crypto adoption. Coinbase has teamed up with Perplexity AI to bring real-time AI-powered, crypto data to traders, Coinbase co-founder and CEO Brian Armstrong announced on X. In a post on 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, with the information available on Perplexity's new Comet browser. "I expect enhanced crypto functionality will be a catalyst for AI to achieve another 10x unlock," he said. "Personally, I'm most excited to see crypto wallets fully integrated into LLMs one day. That will be a huge step towards a permissionless, digital economy." The announcement is part of a broader strategy to connect artificial intelligence and crypto, a future Coinbase sees as inevitable. In 2024, Coinbase implemented machine learning tools to predict traffic spikes and scale resources, aiming to avoid crashes and improve efficiency. "We believe crypto will be the financial system for AI," Mark Troianovski, Coinbase's head of partnerships and business development, told Decrypt. "As AI agents become more capable, they'll need secure, transparent, and programmable ways to transact -- and blockchain technology is the best fit." Troianovski said that Coinbase is focused on enabling this future by making on-chain payments easy and accessible to both humans and agents, building "AI-native ways to trade and helping people access crypto insights in LLMs." AI's role in on-chain finance will expand rapidly, he added -- but not without challenges. While AI will make on-chain data more accessible, Troianovski warned it must be deployed with safeguards, something crypto's transparency and programmability can help ensure. The announcement reflects a broader trend of AI's expanding role in the cryptocurrency market. Currently, the market capitalization for AI-related tokens is approximately $26.5 billion, according to CoinGecko. While no release date for Phase 2 was announced, Armstrong said on X that it is coming "soon." The next phase, he said, will integrate Coinbase market data directly into Perplexity's responses, enabling users to monitor market activity, explore trade ideas, and access token-specific information through natural language queries. A longtime proponent of artificial intelligence, Armstrong has previously argued that AI, like earlier tech innovations, should remain unregulated to foster growth. "This new access to reliable real-time data via increasingly intelligent LLMs will help lots more people make smart, informed decisions about crypto," Armstrong said. "It's a great step forward!"

Coinbase partners with Perplexity AI for real-time crypto prices

Coinbase market data will power the AI "answer engine" in a two-phase rollout, starting with COIN50 index prices. On Thursday, the CEO of Coinbase Global (Nasdaq: COIN), Brian Armstrong, announced a partnership with Perplexity, an AI-powered search engine that answers users' questions with cited, real-time data pulled from the web. According to Armstrong, the move will integrate the crypto exchange's market data into Perplexity's large language model (LLM), further connecting AI and crypto and helping users make more informed decisions about digital assets. The partnership is being rolled out in two stages. Starting Thursday, Perplexity will pull market data from Coinbase, including from its COIN50 index, to power "market analysis" in Perplexity's new Comet browser. The next step, which is expected "soon," will see responses to user queries linked to Coinbase market data, providing a direct connection between Perplexity's interface and Coinbase. As LLMs continue to reshape how users search for information online, Coinbase's partnership with Perplexity aims to give users a journey between their crypto questions and the Coinbase terminal. The partnership also sets the stage for further integration between AI chatbots and crypto exchanges. For the time being, Perplexity will show market data and prices sourced from Coinbase. However, as the integration matures and LLMs evolve, Perplexity and other AI chatbots could fulfill crypto orders, rebalance portfolios, and manage staking and yield, transforming a basic Q&A window into a full-service trading desk. While this degree of integration between AI chatbots and crypto hasn't come to fruition just yet, Coinbase is moving fast in that direction. Back in August 2024, Armstrong wrote that "LLMs should have crypto wallets." A few weeks later, he oversaw the first crypto transaction managed entirely by AI bots. Related: Coinbase unlocks off-exchange settlement for institutions amid 'high' demand Perplexity was founded in San Francisco in August 2022 by Aravind Srinivas, a former researcher at OpenAI, and quickly gained a large following from users who appreciated the chatbot's focus on pulling real-time information. While Perplexity's current user count is unknown, in an interview in January 2024 with Bloomberg Technology, Srinivas said the platform had "more than 10 million users." In contrast, OpenAI's ChatGPT has more than 800 million active weekly users, according to industry data. Since its founding, the company has raised more than $900 million in funding, including a Series B round backed by Nvidia, Databricks, and NEA. At the end of 2024, Perplexity was valued at about $9 billion. News of the partnership with Coinbase comes just a day after Perplexity released Comet, a web browser with agentic AI tools that aims to compete with Google. In January of this year, Perplexity submitted a bid to merge with TikTok U.S.

Breaking: Coinbase Partners With $14B AI Giant Perplexity To Boost Crypto Trading

For the second phase, Coinbase's market data will be used in Perplexity's response to user queries. Crypto exchange Coinbase has teamed up with AI giant Perplexity to provide added utility for its customers. Thanks to this partnership, traders on the platform will be able to access real-time data to make more informed decisions while trading. Coinbase Taps Perplexity AI For Trading Utility On Exchange In an X post, the exchange's CEO, Brian Armstrong, announced that they have partnered with Perplexity AI to help traders get access to real-time, trusted crypto data and information for better decision making. He further revealed that the first stage is going live today and that there is more to come. For Phase One, Perplexity AI will assimilate Coinbase's market data, including COIN50, and utilize it to power market analysis. Users on the top crypto exchange can try it out by double-clicking on price moves to help make better informed trade decisions. For Phase 2, which should happen soon, Armstrong revealed that the exchange's market data will be used in Perplexity's response to user queries. Traders on the exchange will be able to monitor market activity, screen for trade ideas, and analyze token-specific moves. The Coinbase CEO further remarked that he expects crypto functionality to be a catalyst for AI to achieve another 10x unlock. He added that he is personally most excited to see crypto wallets fully integrated into LLMs one day. Armstrong believes this will be a huge step towards a "permissionless. digital economy." He again noted that access to real-time data through these increasingly intelligent LLMs will help many users make smart, informed decisions about crypto. Amid this development, the COIN stock is trading flat, down almost 1% in today's trading session. TradingView data shows that the Coinbase stock price is currently trading at around $371, up over 44% in the last month.

Coinbase and Perplexity Team to Offer Real-Time Crypto Data | PYMNTS.com

The partnership is designed "to help traders get access to real-time trusted crypto data/info for better decision making," Brian Armstrong wrote in a post on X Thursday (July 10). In the first phase of this collaboration, happening now, involves Perplexity "ingesting" Coinbase's market data to power market analysts, Armstrong said. "Users can double click into price moves to help make better informed trade decisions. The demo below shows what it looks like on Comet, Perplexity's new browser," the CEO wrote. "Also, the Perplexity team shared that just as many users are looking up crypto as equities, which is a cool stat. Crypto is going mainstream." In the second phase, Coinbase's market data will be used in Perplexity's replies to user queries. Traders will be able to track market activity, screen for trade ideas, and "analyze token-specific moves in an AI-powered conversational interface," the post added. "I expect enhanced crypto functionality will be a catalyst for AI to achieve another 10x unlock. Personally I'm most excited to see crypto wallets fully integrated into LLMs one day," said Armstrong, referring to large language models. "That will be a huge step towards a permissionless, digital economy." PYMNTS wrote about the increasing role crypto markets play in the mainstream financial world last week following a series of announcements from a variety of companies -- including JPMorgan, Robinhood and Kraken, centered on tokenization. "While the initiatives may appear distinct, ranging from environmental credits to fractionalized equity exposure, the connective tissue is the same. Moving traditional financial services onto the blockchain," that report said. These efforts make a coordinated push by financial giants to tokenize real-world assets (RWAs), work around traditional clearing infrastructure, and start the process of transitioning toward 24/7, programmable trading markets. "But these rapid developments also raise existential questions for market regulators and central intermediaries," PYMNTS added. "Are tokenized securities complementary to, or competitive with, traditional capital markets? Can existing legal frameworks scale across these hybrid asset classes? And who bears responsibility when decentralized and centralized elements collide?" In other Coinbase news, the company announced last week it would acquire Liquifi, a platform used by digital asset firms to oversee token ownership. Launching a token is difficult, Coinbase said in its announcement, with early-stage teams facing a "fragmented, high-stakes maze of legal, tax and compliance hurdles" in addition to "stitching together cap table spreadsheets, custom vesting scripts and regulatory guesswork."

Coinbase CEO says partnered with Perplexity AI - X post

Coinbase Global, Inc. is a holding company of Coinbase, Inc. and other subsidiaries. The Company provides platform, which enables its users to engage in a variety of activities, including discovering, trading, staking, storing, spending, earning and using their crypto assets. The Company offers a suite of products and services that are designed to meet the distinct needs of its three customer groups: consumers, which includes individual retail user customers seeking to discover or trade crypto assets and engage in on chain activities; institutions, which are businesses that include market makers, asset managers, hedge funds, banks, wealth platforms, registered investment advisors, payment platforms, and public and private corporations; developers, which comprise of developers, creators, merchants, crypto asset issuers, organizations and financial institutions, and other groups building decentralized protocols, applications, products, or other services on chain.