Meet Coinbase for Agents.
Give your agent its own account to:
→ Execute trades & manage your portfolio
→ Run autonomously under guardrails
→ Pay for data & research tools via x402 (coming next week)
Agentic finance is here, and it's powered by Coinbase.
Something that got missed in the noise last week: Coinbase got approved to offer true global crypto perps in the US. This took many years of work, and we're the first to offer this global liquidity to US users.
Backstory: For many years crypto trading has been moving offshore because the US didn't have clear rules, and perpetual futures were a superior product that traders wanted but it wasn't allowed in the US.
If we're being honest, probably ~half of all perpetual futures volume was Americans using offshore products via VPN with loose KYC controls (an open secret in the industry). Penalties for this were rarely, if ever, enforced, which as you can imagine, was frustrating for us as an American company following the rules. Others set up offshore entities and found ways around it.
After dozens of personal visits to DC, and many more from our policy team, I'm really proud we finally got approval to give US users access to true, global perpetual futures. This is important because we'll now see pooled global liquidity in perpetual futures, with the US and international markets being connected instead of fragmented.
Coinbase is strongest in the US, and the US is the largest market for trading, so there is now a chance to build a global network effect around liquidity. And US traders can now use these products in a compliant way with a US company, which hopefully provides greater customer protection.
Major credit to Chair Selig and Atkins on recognizing the importance of this for US capital markets. And we will keep working to update the system in a compliant way, and to be the best place you can trade.
Major areas where the financial system still needs an update:
1. Tokenization of real-world assets - Real estate, stocks, bonds, funds, etc. onchain for instant settlement, fractional ownership & massive distribution.
2. 24/7 Global trading - Pooled global liquidity, every asset, every person, with great leverage and capital efficiency.
3. Next-gen payments - Near-instant, low-cost global transfers using stablecoins, including for Agentic payments.
4. AI-powered risk, credit, compliance, and advice - Better decisions, less fraud, and broader access to capital. Everyone gets access to a great financial advisor.
5. Innovation friendly regulation - Move from one-size-fits-all to risk-based rules that encourage innovation and competition instead of stifling it.
6. Expanded access - Open protocols that reduce middlemen and self-custodial wallets to expand access to everyone with a smartphone.
7. Capital formation - Low cost and turnkey for anyone to raise money for a good idea, increasing the number of startups.
8. Sound money - A refuge from inflation, when discipline is lost in fiat money.
Jobs not done until we get these working for all.
Will require lots of tech innovation and policy work to get there.
JPMorgan deployed deposit tokens on Base. Visa selected Base for stablecoin settlement. Shopify uses Base for USDC checkout.
These are production deployments by three of the largest financial and commerce companies, and they all picked the same chain.
I think the reason is boringly simple. Base is a highly trusted and performant blockchain operated by an S&P 500 company. For a JPMorgan or a Visa this matters.
Every institutional deployment makes the next one easier to win. The network effect compounds.