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What Is Coinbase? The Crypto Exchange Betting on AI Agents

How Coinbase makes money, what it is worth, how it is letting AI agents trade, and what Pomp said about it on The Pomp Podcast


The Pomp Podcast
By The Pomp Podcast

·

Oct 25, 2026

·

4 min read


Disclosure

In the October 17, 2026 remark quoted below, Anthony Pompliano said Silvia, Inc., where he is Chairman and CEO, has taken the same approach to AI models as Coinbase.

The short answer: Coinbase (Nasdaq: COIN) is a U.S. crypto exchange, founded in 2012 and led by co-founder and CEO Brian Armstrong. In June 2026 it launched Coinbase for Agents, which lets AI agents such as ChatGPT and Claude trade crypto for users. It was worth about $43.4 billion as of October 23, 2026, down about 47% over the prior year.

A company profile from The Pomp Podcast, hosted by Anthony Pompliano. Last updated: October 25, 2026.

Key takeaways

  • Coinbase is a U.S. crypto exchange founded in 2012 that went public on Nasdaq in April 2021.

  • Co-founder Brian Armstrong is CEO.

  • It was worth about $43.4 billion at the October 23, 2026 close, and since June 2026 it lets AI agents trade crypto and make payments for users.

What is Coinbase?

Coinbase was founded in 2012, according to its company profile. Brian Armstrong is co-founder and CEO. It went public through a direct listing on Nasdaq on April 14, 2021. Coinbase runs a crypto exchange for consumers and institutions, custody services, and the Base blockchain network.

How big is Coinbase?

Coinbase's market value was about $43.4 billion at the close on October 23, 2026, according to StockAnalysis. Its market value was down about 47% over the prior year. Coinbase had not reported third-quarter results as of October 25, 2026.

What is Coinbase for Agents?

On June 11, 2026, Coinbase launched Coinbase for Agents. CNBC reported that it lets agents such as ChatGPT or Claude execute crypto trades from plain-English instructions, such as rebalancing a portfolio. Coinbase's announcement says an agent can operate inside its own isolated portfolio, with no access to the user's other holdings, and only touches what the user has permissioned.

Does Coinbase build its own AI?

In part. In an October 2026 blog series, Coinbase said a fine-tuned version of Alibaba's open-weight Qwen3.5-9B model beat frontier models, including Anthropic's Opus 4.5, at fraud detection for its Onramp service, Crypto Briefing reported. Coinbase said the model cut fraudulent transactions by 30% and cost under $100 to train.

What did The Pomp Podcast say about Coinbase?

Quotes below are from the episodes, with timestamps.

On the October 17, 2026 episode with Jordi Visser, "Is Bitcoin Ready To Rip While Wall Street Breaks? | Jordi Visser", Pomp used Coinbase as an example of companies moving off the big AI labs:

❝

"Coinbase comes out and says, hey, we're using open-source models and we're training our own stuff."

Anthony Pompliano, The Pomp Podcast, Oct 17, 2026, 36:45

He named Harvey as another example. On October 22, talking with Dan Ives, Pomp contrasted fintechs with big banks:

❝

"I was recently talking to one of the large FinTech companies. And they were saying, look, at the same time that JP Morgan and all these different kind of legacy organizations, they're shutting off access for agents to come on their platform."

Anthony Pompliano, The Pomp Podcast, Oct 22, 2026, 43:55
❝

"Robinhood and Coinbase both have now like a kind of segregated account."

Anthony Pompliano, The Pomp Podcast, Oct 22, 2026, 44:25

He described those as accounts where a user can set aside part of their money for an agent to trade. See What Is Robinhood? and What Is JPMorgan Chase?.

Every Pomp Podcast episode that discussed Coinbase

Coinbase came up in 2 recent episodes of The Pomp Podcast. Each link opens the YouTube video at that moment.

  • Oct 17, 2026: Is Bitcoin Ready To Rip While Wall Street Breaks? | Jordi Visser. Pomp said Coinbase is training its own AI. Timestamps: 36:36 (open-source models).

  • Oct 22, 2026: 85% Of The AI Boom Is Still Ahead Of Us | Dan Ives. Pomp said Coinbase and Robinhood are opening up to AI agents. Timestamps: 43:51 (agent accounts).

Watch or listen to the episode

Is Bitcoin Ready To Rip While Wall Street Breaks? | Jordi Visser, released October 17, 2026. Coinbase comes up at 36:36.

Watch on YouTube
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Opinions from guests on The Pomp Podcast are their own. Nothing on this page is a recommendation to buy or sell any security.

FROM THE HOST

See where Bitcoin sits in your whole financial picture.

Silvia is a personal AI CFO. Connect your bank, brokerage and crypto accounts (exchanges and self-custody wallets, read-only) and ask how your holdings fit together, using your own numbers. Silvia can't trade, transfer or move money.

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Disclosure: Anthony Pompliano is Chairman and CEO of Silvia, Inc. For educational purposes only; not financial advice.

Where can I follow Coinbase?

Coinbase posts news on its blog and results on its investor site.

  • Coinbase blog

  • Coinbase investor relations

Related episodes and articles

  • What Is Robinhood?

  • What Is JPMorgan Chase?

  • What Is Harvey?

  • What Is Strategy (MicroStrategy)?

  • Watch: Is Bitcoin Ready To Rip While Wall Street Breaks? | Jordi Visser

Subscribe to The Pomp Podcast on YouTube, Apple Podcasts or Spotify.

Frequently asked questions

What is Coinbase?

Coinbase is a U.S. crypto exchange. It was founded in 2012 and went public on Nasdaq in April 2021.

Who is the CEO of Coinbase?

Brian Armstrong, who co-founded the company.

How much is Coinbase worth?

About $43.4 billion at the October 23, 2026 close, according to StockAnalysis.

What is Coinbase for Agents?

Launched in June 2026, it lets AI agents such as ChatGPT or Claude trade crypto and make payments for users. Users can limit an agent to an isolated portfolio.

Does Coinbase use open-source AI?

Yes, for some tasks. Coinbase said in October 2026 that a fine-tuned Qwen3.5-9B model beat frontier models at fraud detection for its Onramp service, Crypto Briefing reported.

Sources

  • StockAnalysis: Coinbase company profile

  • StockAnalysis: Coinbase market cap (as of Oct. 23, 2026)

  • CNBC: Coinbase launches tool to let AI agents manage trading and payments (Jun. 11, 2026)

  • Coinbase: Coinbase for Agents

  • Crypto Briefing: Coinbase fine-tunes Qwen3.5-9B for fraud prevention (Oct. 11, 2026)

  • The Pomp Podcast: Is Bitcoin Ready To Rip While Wall Street Breaks? | Jordi Visser (Oct. 17, 2026)

  • The Pomp Podcast: 85% Of The AI Boom Is Still Ahead Of Us | Dan Ives (Oct. 22, 2026)

Last updated: October 24, 2026

About the author

Anthony Pompliano is an entrepreneur, investor, and author who serves as Chairman and CEO of Silvia, Inc (SVIA) and invests through Pomp Investments. He is the host of The Pomp Podcast, where he interviews founders, investors and economists about bitcoin, markets, AI and the economy.

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This profile is for informational purposes only and reflects reporting available as of October 25, 2026, plus opinions shared on The Pomp Podcast. It is not investment advice. Do your own research before making any investment decision.

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