Mentioned:
Coinbase is embracing artificial intelligence. And now, they’re leveraging it to help their users manage their portfolios.
What’s happening:
- Coinbase (NASDAQ: COIN) has officially launched a new artificial intelligence agent known as Coinbase Advisor
Why it matters:
- Coinbase has publicly stated that Coinbase Advisor is capable of understanding natural language commands and suggesting specific trades, executing tax-loss harvesting and flagging risks on your existing portfolio
Going deeper:
- The United States Securities and Exchange Commission has notably approved Coinbase’s new artificial intelligence agent to operate as a Registered Investment Advisor and Commodity Trading Advisor within Coinbase’s subsidiary Coinbase Advisors LLC
- Coinbase Advisor has been initially launched to Coinbase One premium members in the United States
The intrigue:
- Coinbase has been aggressively expanding new features on their platform lately, including launching pre-IPO perpetual futures for SpaceX (NASDAQ: SPCX) prior to their listing on the Nasdaq
