Coinbase CEO: Coinbase Pro will soon launch, and the company is advancing work on AI financial accounts and U.S. stock perpetual contracts.

Coinbase CEO Brian Armstrong stated in a post that the crypto exchange stores over 99% of its custodial crypto assets in cold wallets and uses the latest AI models to bolster security, sometimes gaining early access to these models. He noted that Coinbase’s security framework accounts for the risk of employee deception, with no single individual, computer, or system able to transfer user funds independently. Armstrong added that seven of the world’s largest banks partner with Coinbase, and the company holds more than 80 licenses globally. AI agent finance is a key focus area for Coinbase. Armstrong cited forecasts that transactions processed by AI agents could reach $3 trillion to $5 trillion by 2030. He argued that crypto networks are well-suited as infrastructure for agents to execute transactions, and developing financial accounts tailored for AI agents is among Coinbase’s top priorities. On tokenized stocks, Armstrong said trading volume for tokenized stocks on Coinbase’s Base layer-2 network has exceeded $5 billion. He views tokenized stocks as more accessible than traditional equities and compatible with DeFi protocols, such as enabling holders to generate yields using their stock assets. Regarding U.S. stock perpetual contracts, Armstrong said Coinbase has long advocated for the compliant launch of such products in the U.S., and welcomed collaboration between the heads of the SEC and CFTC on this issue. He noted that stock perpetual contracts are already traded in markets outside the U.S. Armstrong also teased the upcoming launch of Coinbase Pro, though no specific timeline was provided in the post.