Coinbase Lets User Connects AI Agents to Trading Accounts
Coinbase Lets Users Connect AI Agents to Trading Accounts
Coinbase now enables the users of its exchange to connect their artificial intelligence (AI) agent to their account so the agent can trade, pay and execute workflows on their behalf.
The new Coinbase for Agents facilitates these connections and enables agents to gain full context about the user’s financial life and act on the user’s behalf, the company said in a Thursday (June 11) blog post.
Coinbase has enabled crypto spot and derivatives trading, effective Thursday, and plans to add trading stock and index funds, prediction markets and commodities, making everything available on Coinbase available to agents, according to the post.
The company suggested in the release that agents can be used to do things such as rebalance a portfolio over a period of months by taking advantage of short-term market movements; monitor a cash position around the clock and execute moves to ensure idle funds are always working; and, when Coinbase for Agents is x402-enabled, pay for premium data and services.
“The way people interact with the internet is changing,” Coinbase said in the post. “People are increasingly moving through the world via agents rather than apps — and businesses are rapidly rebuilding their products to be agent-first in turn. As that ecosystem grows, Coinbase for Agents is positioned to be your trading and spending account at the center of it.”
PYMNTS reported in May that during an earnings call, Coinbase leadership told investors that they believe AI agents will become major economic participants, autonomously executing payments, transactions and commerce activity online.
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“We’re leading on the next frontier with over 90% of on-chain agentic stablecoin transaction volume happening on Base,” Coinbase CEO Brian Armstrong said during the call. “We believe there will soon be billions of agents transacting and they need rails that can keep up, and Coinbase is at the center of the agent economy.”
Coinbase announced in December that it added an AI-powered advisor for financial management called Coinbase Advisor to the Coinbase app. The company said Coinbase Advisor can provide personalized answers and recommendation in response to questions and commands such as “What’s the latest market news and how does it impact me?” or “Build me a portfolio.”
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