Coinbase Launches “Based Agent”, 3-Minute AI Crypto Assistant

Coinbase, one of the world’s largest cryptocurrency exchanges, has launched “Based Agent,” a new tool that lets users create their own AI-powered crypto assistant in less than three minutes.

Key Points

• The Based Agent tool serves as a template for users to quickly set up an AI assistant that can handle various cryptocurrency tasks.
• According to Cointelegraph, this assistant can manage trading, swapping, and staking cryptocurrencies.
• Once activated, the AI assistant can work independently to interact with smart contracts and handle blockchain transactions on the user’s behalf.
• The tool operates on Coinbase’s Base platform, offering enhanced security features that reflect the company’s focus on safe and user-friendly innovation in cryptocurrency trading.

Background

This launch follows Coinbase’s earlier release of CB-GPT, an AI system designed to help both customers and employees use the platform more effectively.

The new “Based Agent” tool is part of a wider movement in the blockchain industry, where companies are increasingly using AI to make cryptocurrency services easier to use.

Unlike many AI tools that require technical expertise, Based Agent is designed to be simple enough for beginners.

This approach makes AI-powered cryptocurrency management accessible to people who may not have extensive technical knowledge.

AI Agents: The Future of Crypto Trading

Coinbase is testing a future where AI programs can trade and manage crypto assets with each other, without human involvement.

This includes handling financial transactions and participating in blockchain governance decisions.

This development opens new doors for cryptocurrency investors.

As AI agents gain more freedom to operate in decentralized financial systems, they could create new opportunities for growth and investment.

The shift toward AI-managed crypto trading could benefit both the technology infrastructure and everyday users in the long run, potentially changing how we think about cryptocurrency management and trading.

News Gist

Coinbase has unveiled “Based Agent,” a groundbreaking tool that creates AI-powered crypto assistants in under three minutes.

The system helps users automate trading, swapping, and staking cryptocurrencies through a simple template.

Operating on Coinbase’s Base platform with enhanced security features, these AI assistants can independently manage blockchain transactions and interact with smart contracts on behalf of users.