Latest development3 months ago
Coinbase Launches x402 Standard for AI Agent Payments
The exchange enables businesses to accept autonomous payments from AI agents to facilitate micro-transactions and automated commerce.
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Circle reportedly paid $1.4 billion in distribution costs to Coinbase last year, accounting for approximately half of the revenue generated from the USDC stablecoin. Concurrently, Coinbase expanded its offerings by enabling retail traders to trade Bitcoin futures with cross margin and nano contracts to execute basis trades more efficiently. Furthermore, the platform announced a new feature allowing businesses to accept payments from AI agents using the x402 standard.
The exchange enables businesses to accept autonomous payments from AI agents to facilitate micro-transactions and automated commerce.
Read the full storyCoinbase expands derivatives offerings to enable retail traders to execute basis trades with improved capital efficiency.
Circle paid $1.4 billion in distribution costs to Coinbase last year, consuming nearly 50% of the revenue generated by the USDC stablecoin.