Coinbase and Perplexity’s 'AI Alliance'…Pushing for Data Sharing

JOON HYOUNG LEE

Summary

Coinbase announced that it has formed an AI alliance with Perplexity and is pursuing market data sharing.
Through this partnership, Perplexity's market analysis capabilities will be enhanced, allowing investors to make better decisions.
With the service integration between Coinbase and Perplexity, users will be able to monitor markets and analyze tokens through an AI-powered interface.

The US cryptocurrency exchange Coinbase has established an 'AI alliance' with the artificial intelligence (AI) startup Perplexity.

Brian Armstrong, CEO of Coinbase, announced on X (formerly Twitter) on the 10th (local time) that “Coinbase has entered into a partnership with Perplexity.” CEO Armstrong stated, “Through this partnership, Perplexity will have access to Coinbase’s market data starting today,” adding, “With (Perplexity’s) enhanced market analysis capabilities, investors will be able to make better decisions.”

He also revealed plans for service integration between Coinbase and Perplexity. CEO Armstrong said, “Soon, Coinbase’s market data will be integrated into Perplexity’s user Q&A system,” and explained, “(Coinbase) users will be able to monitor markets and analyze specific tokens through an AI-powered conversational interface.” He added, “I’m looking forward to the day when crypto wallets are fully integrated with large language models (LLM).”

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