In an X post, the exchange’s CEO, Brian Armstrong, announced that they have partnered with Perplexity AI to help traders get access to real-time, trusted crypto data and information for better decision making. He further revealed that the first stage is going live today and that there is more to come.

While on the surface this may seem like just another data collaboration, the implications run far deeper, potentially transforming how users interact with blockchain information, financial services, and even digital identities in the Web3 era.

Additionally, for Phase 1, Perplexity AI will assimilate Coinbase’s market data, including COIN50, and utilize it to power market analysis. Users on the top crypto exchange can try it out by double-clicking on price moves to help make better informed trade decisions.

For Phase 2, which will happen soon, Armstrong revealed that Perplexity will utilize the exchange’s market data in response to user queries. Traders on the exchange will be able to monitor market activity, screen for trade ideas, and analyze token-specific moves.

What Perplexity AI Collaboration Will Do For Crypto

At its core, the partnership will enhance how users access and understand crypto data. But this isn’t just about plugging Coinbase’s datasets into another AI platform. According to industry insiders, the collaboration will enable real-time querying of blockchain intelligence, on-chain analytics, and asset information, all embedded within a conversational AI interface.

Moreover, sources close to the project suggest the long-term vision includes AI-native interfaces for crypto users, where Perplexity’s technology could act as a real-time co-pilot for trading, compliance, due diligence, and portfolio strategy, whether you’re a casual investor or an institutional trader.

While consumer tools are a likely short-term outcome, the deal is also expected to have major implications for institutions. Perplexity could enhance Coinbase Prime’s capabilities by powering AI-driven research, compliance screening, and real-time market monitoring, all integrated with verified on-chain data and regulatory disclosures.

The Coinbase CEO further remarked that he expects crypto functionality to be a catalyst for AI to achieve another 10x unlock. He added that he is personally most excited to see crypto wallets fully integrated into LLMs one day.

Armstrong believes this will be a huge step towards a “permissionless. digital economy.” He again noted that access to real-time data through these increasingly intelligent LLMs will help many users make smart, informed decisions about crypto.