Coinbase & Perplexity AI Team Up: Game-Changing Real-Time Crypto Price Feed Goes Live

Breaking: The crypto data wars just got hotter. Coinbase—the OG of regulated exchanges—joins forces with AI upstart Perplexity to deliver institutional-grade price tracking. No more laggy APIs or sketchy third-party feeds.

Why it matters: When billions ride on microsecond arbitrage, stale data means lost profits. This collab promises sub-100ms latency—finally giving hedge funds a reason to care about crypto again (other than gambling with pension funds).

Behind the tech: Perplexity's NLP engine crunches Coinbase's order books, filtering out wash trades and spoofing attempts. The result? A 'truth serum' for crypto pricing—assuming you still believe in such things after the 14th stablecoin collapse this year.

Bottom line: Another step toward legitimizing crypto markets... or just better tools for the next round of degenerate trading? Either way, the algo traders are salivating.

• Coinbase and Perplexity AI integrate real-time crypto data in Perplexity’s Comet browser.
• Phase two will link live Coinbase market info to AI queries for enhanced crypto insights.
• Coinbase plans to use AI tools to manage crypto trades and portfolios autonomously.

Crypto exchange Coinbase has partnered with Perplexity to incorporate real-time crypto market data into Perplexity’s Comet browser. Brian Armstrong, Coinbase’s CEO, revealed the partnership on Thursday, stating that it can improve access to accurate and timely information for crypto traders. 

Perplexity’s new Comet browser is an upcoming search engine that uses large language models (LLMs) to provide users with answers backed by real-time data. The partnership will be launched in two phases. The first phase will involve integrating Coinbase’s COIN50 index prices and market data into Perplexity’s platform.

Armstrong highlighted that this integration will assist users in making informed decisions by linking Perplexity’s conversational interface with the crypto exchange’s market information.

Exciting update: Coinbase has partnered with @perplexity_ai to help traders get access to real-time trusted crypto data/info for better decision making.

The first stage is going live today, and there's more to come:

Phase 1 (now): Perplexity is now ingesting our market data,… pic.twitter.com/4rze1q9WzL

In addition, Armstrong noted that price movements can be traced more comprehensively so that traders can make effective decisions based on accurate market insights. The first stage, which is currently in progress, uses Coinbase data to power the market analysis in the Comet browser developed by Perplexity.

Phased Integration of Real-Time Crypto Market Information

The first phase aims to ensure the transfer of the crypto exchange market data to Perplexity, where users can monitor price movements and market trends for various digital assets. This data consists of the COIN50 index, which monitors the performance of 50 of the largest cryptocurrencies.  

The second phase, which is scheduled to be launched soon, will allow Perplexity to answer any query by fetching live market data from Coinbase. This functionality will enable users to access token-specific information and track market activity via a natural language request. The integration aims to allow offering a seamless experience between AI-powered search capabilities and direct real-time crypto trading data.

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Expanding AI and Crypto Collaboration for Trading and Portfolio Management

Moreover, the collaboration is a part of Coinbase’s efforts to bridge AI technology with blockchain infrastructure, which the firm views as the future of internet-based finance. According to Mark Troianovski, the head of partnerships at Coinbase, blockchain is the best technology for allowing secure and programmable transactions by AI agents. He also highlighted the necessity of applying AI in transparent and SAFE methods.

In addition to providing the market data, the collaboration establishes the foundation of more advanced interactions between the AI tools and cryptocurrency exchanges. Coinbase predicts that AI chatbots will evolve to make trades, rebalance portfolios, and manage staking or yield strategies independently. Armstrong has previously argued that it would be helpful to have crypto wallets as an integrated part of LLMs, suggesting that this addition would support the open and permissionless digital economy.

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