TLDR
- Coinbase partners with Perplexity AI to integrate real-time crypto market data into the AI search engine’s platform
- Partnership launches in two phases: first with Comet browser integration, then full conversational AI integration
- Coinbase’s COIN50 index data will power market analysis features in Perplexity’s tools
- CEO Brian Armstrong sees this as a step toward crypto wallets being fully integrated into AI systems
- Partnership represents growing intersection between crypto and AI technologies for trading applications
Coinbase has announced a new partnership with AI search engine startup Perplexity AI to provide traders with direct access to real-time cryptocurrency market data. The collaboration was revealed by Coinbase CEO Brian Armstrong on social media platform X on Wednesday.
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
— Brian Armstrong (@brian_armstrong) July 10, 2025
The partnership will roll out in two distinct phases over the coming weeks. Phase one began Thursday with Coinbase market data being integrated into Perplexity’s newly launched Comet browser, a real-time search tool that provides AI-powered market analysis.
Users will be able to access live crypto market trends, monitor price movements, and explore token fundamentals through the AI interface. The integration includes data from Coinbase’s COIN50 index, which tracks the performance of 50 major cryptocurrencies.
The second phase will embed Coinbase’s market data directly into Perplexity’s conversational AI system. This deeper integration will allow traders to screen for new trading opportunities and analyze on-chain activity using natural language queries.
Armstrong highlighted the growing interest in cryptocurrency information, noting that Perplexity data shows users are searching for crypto information at rates comparable to traditional stock market queries. He described crypto as “going mainstream” in his announcement.
The Coinbase CEO expressed particular enthusiasm for the potential of crypto wallet integration with large language models. Armstrong stated this development could represent a major step toward creating a “permissionless, digital economy.”
Technical Implementation Details
The partnership leverages Perplexity’s unique approach as an “answer engine” that pulls real-time data from across the web with proper citations. Unlike traditional search engines, Perplexity provides direct answers to user queries rather than just links to websites.
Coinbase’s market data will power the analysis features within Perplexity’s platform, giving users access to the same information available on professional trading terminals. This includes price data, trading volumes, and market trend analysis.
The integration represents a practical application of AI technology in cryptocurrency trading, moving beyond theoretical discussions to actual implementation. Users will be able to ask complex questions about market conditions and receive data-driven responses.
Market Context and Company Valuations
Perplexity AI was founded in San Francisco in August 2022 by Aravind Srinivas, a former OpenAI researcher. The company has raised over $900 million in funding from investors including Nvidia, Databricks, and NEA.
As of late 2024, Perplexity was valued at approximately $9 billion, reflecting strong investor confidence in AI-powered search technology. The company reported having more than 10 million users as of January 2024, according to Bloomberg Technology.
Coinbase stock was trading at $370.60 at the time of the announcement, down about 1% for the day. The company has been actively exploring AI integrations, with Armstrong previously overseeing AI-managed crypto transactions in August 2024.
The partnership announcement came one day after Perplexity launched its Comet browser, which features AI tools designed to compete with Google’s search dominance. The browser includes what the company calls “agentic AI tools” for enhanced user interaction.
Perplexity currently serves a much smaller user base compared to OpenAI’s ChatGPT, which has more than 800 million active weekly users. However, the company has carved out a niche by focusing on real-time information retrieval with proper source attribution.
The collaboration between Coinbase and Perplexity reflects the growing convergence of artificial intelligence and cryptocurrency technologies. Both sectors continue to seek practical applications that deliver value to users beyond experimental implementations.
