Coinbase has announced a partnership with AI-driven search engine startup Perplexity AI to launch a real-time cryptocurrency data service. This collaboration aims to enhance automation by integrating cryptocurrency with artificial intelligence. Coinbase CEO Brian Armstrong expressed optimism that improved crypto functionalities could significantly boost AI growth. He envisions a future where cryptocurrency wallets are fully integrated with large language models, advancing towards a permissionless digital economy.
The service is designed to provide traders with reliable, real-time crypto data to make informed decisions. The collaboration will progress in multiple phases, with the first phase already underway. This phase involves integrating Coinbase's market data, including its COIN 50 index, into Perplexity for market analysis support. Armstrong highlighted that users could gain deeper insights into price fluctuations, aiding in smarter trading decisions.
The second phase is expected soon, allowing Coinbase's market data to be incorporated into Perplexity's search queries with a conversational interface. This announcement coincides with Bitcoin reaching an all-time high of over $112,000, sparking predictions of further price increases and heightened search interest. Data from The Block indicates that Google searches for Bitcoin have been rising steadily year-over-year.
