Coinbase's stock (COIN) surged over 5% to $185.24 on March 2, as the company expands its AI-driven crypto payment capabilities. This rise comes amid a broader recovery, with COIN stock up more than 18% over the past week, despite being down 20% year-to-date. Coinbase is enhancing its platform by introducing stock and ETF trading for U.S. users, offering 24-hour weekday access, and supporting fractional share purchases.
CEO Brian Armstrong highlighted a shift towards "agentic commerce," where AI agents now write over 50% of Coinbase’s code and manage 60% of customer support. These AI agents are equipped with stablecoin wallets, enabling autonomous transactions without human intervention. This development positions Coinbase to compete with platforms like Robinhood and aligns with broader market trends, as other crypto-linked equities also saw gains.
Coinbase Stock Rises 5% Amid AI-Driven Crypto Payment Expansion
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