Coinbase announced Base MCP, a tool for its Base blockchain that lets users connect AI services such as Claude and Cursor to perform crypto transactions like trading and lending. Base MCP is built on Model Context Protocol, a standard that helps AI agents communicate with AI models through a flexible wrapper over APIs. Coinbase said Base Account functionality travels with users, keeping trades, history, and portfolio synced whether actions occur in an agent or in the Base app. The launch also supports Coinbase’s x402 payments standard, designed for micro transactions tied to research and data. This approach aims to reduce reliance on subscription-based API access that charges monthly fees and makes one-off data purchases uneconomical.
"Coinbase announced on Tuesday that has built a tool that allows users of its Base blockchain network to plug into services like Claude and Cursor. The new tool, called Base MCP, makes it easier to use AI for conducting crypto transactions such as trading and lending, and comes as part of a broader push by Coinbase and payments giant Stripe to redefine the technical underpinning of online commerce."
"The name Base MCP invokes a popular standard known as Model Context Protocol launched by Anthropic in 2024 that makes it easy for agents to communicate with AI models. According to Lincoln Murr, Head of AI Product for Coinbase, MCPs are like a "nice wrapper" atop APIs that facilitate a wide variety of data requests without rigid coding rules."
"In an interview with Fortune, Murr explained that adding an MCP tool means Base wallets will become more versatile since users can now empower their agents to conduct a wider range of transactions across different platforms. In a statement, Coinbase provided additional context: "Unlike siloed agentic wallets that only live in a terminal, your Base Account travels with you - trades, history, and portfolio sync whether you're in-agent or in the Base App.""
"All of this is significant because these new standards-x402 for payments and MCPs for communication-enable a whole new type of commerce based on micro transactions related to research and data. Currently, the process for obtaining data typically revolves around subscribing to APIs that charge a monthly credit card fee, and where one-off transactions are economically unviable. The rise of agentic commerce, however"
Read at Fortune
Unable to calculate read time
Collection
[
|
...
]