Coinbase and Perplexity AI have announced a partnership aimed at simplifying traders' access to timely and reliable cryptocurrency market information. These joint efforts are directed toward helping users make more informed trading decisions.
First Phase of the Partnership
The first phase of the collaboration is already live. Perplexity is utilizing Coinbase’s market data, including the COIN50 index, to analyze cryptocurrency price movements. This data is available through Comet, Perplexity’s new AI-powered web browser.
AI Integration in Trading
The second phase of this partnership will allow Perplexity’s AI to use Coinbase data when answering users’ questions. Traders will be able to ask about market trends, screen for new trade ideas, and analyze specific cryptocurrencies through a conversational AI interface. This integration was made possible by Coinbase’s developer platform.
Market Perception of Cryptocurrencies
Brian Armstrong, CEO of Coinbase, believes that enhanced cryptocurrency functionalities might lead to a significant breakthrough in AI. He noted that access to reliable real-time data via increasingly intelligent language models will help more people make informed decisions about crypto. Armstrong also expressed admiration for the Perplexity team and readiness to begin this collaborative journey.
The partnership between Coinbase and Perplexity AI marks a significant step toward improving traders' access to vital cryptocurrency market information. This collaboration is expected to facilitate more conscious trading decisions and further technological development in the field.
