On July 10, the leading cryptocurrency exchange, Coinbase, announced its partnership with Perplexity AI to integrate real-time market data into AI-based analysis tools, which will help traders in better decision-making.
Coinbase Integrates AI to Enhance Crypto Trading Experience
For years, crypto traders have struggled with fragmented data, lagging indicators, and unreliable sources. This partnership will fill that gap by injecting Coinbase’s trusted market data directly into Perplexity’s AI models, including the COIN50 index.
The end goal of this partnership is to turn complex on-chain and price movements into actionable insights. To make this possible, the integration will take place in two different phases.
Phase 1 (Live Now)
Perplexity’s platform, including its new Comet browser, now ingests Coinbase’s real-time data, allowing users to:
- Double-click into price movements to see why a token is pumping or dumping with context generated by AI.
- Access institutional-grade charts and trends
The Perplexity team noted, “Just as many users are looking up crypto as equities, which is a cool stat. Crypto is going mainstream.”
Phase 2 (Soon)
This is where things get futuristic. Soon, Perplexity’s AI will use Coinbase data to:
- Answer user queries with an AI-powered conversational interface and real-time analysis.
- Screen for trade ideas and token-specific trends via a chat interface.
- Traders will be able to monitor market activity, screen for trade ideas, and analyze token-specific moves in an AI-powered conversational interface.
Coinbase CEO Brian Armstrong revealed his long-term vision, saying, “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. That will be a huge step towards a permissionless, digital economy.”
“And today, this new access to reliable real-time data via increasingly intelligent LLMs will help lots more people make smart, informed decisions about crypto. It’s a great step forward,” he added further.
While AI-based tools like Coinbase’s Perplexity partnership are expected to improve real-time data, there is still some risk linked to such a partnership. This includes over-reliance on algorithms, data bias, and manipulation vulnerabilities.
On this partnership, Aravind Srinivas said, “Excited to partner with @coinbase to bring in real time crypto data into Perplexity Finance! We will begin to surface this directly into user queries shortly.”
Like any other sector, a boom in AI tools is rapidly transforming the crypto sector by automating and enhancing key functions. For example, platforms like Perplexity AI now integrate with Coinbase to provide real-time market analysis, while Arkham Intelligence uses AI to track blockchain transactions and detect suspicious activity.
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