Second-largest cryptocurrency exchange, Coinbase has partnered with AI-powered research tool, Perplexity AI to help traders enjoy access to real-time crypto market data. The exchange’s CEO, Brian Armstrong confirmed the development in a post on his official X page on Thursday.
According to the post, the partnership is expected to roll out in two phases. In the first phase of the roll out, which is expected to go live today, the firm will incorporate exchange’s market data, including COIN50 indices into its market analysis capabilities. As revealed, this allows users to analyze price movements through Comet.
In the second phase, the exchange market data will be integrated directly into its user query responses. As revealed, this allows traders to monitor market activity, screen for trade ideas, and analyze token-specific moves in an AI-powered conversational interface.
Furthermore, the CEO noted that he looks forward to seeing crypto wallets fully integrated into LLMs one day, adding that it will be a huge step towards a permissionless, digital economy. Brian added that this partnership will also help users to make more informed decisions about crypto trading.
Recent attack on Coinbase
This development comes barely two months after the exchange confirmed an extortion attempt against its customer base by attackers. Coinbase revealed that the attackers gained access to its customers’ data through a group of rogue overseas support agents. According to the report, the agents were bribed by the criminal group to extort information from Coinbase customer support tools.
The exchange added that the attacker only gained access to the name, address, phone, email, and last four digits of the Masked Social Security number. However, thanks to a swift response by the Coinbase team, they couldn’t access customers’ login credentials and private keys. Also, they were unable to move or access customer funds, access the Prime accounts, or access its customers’ wallets.
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