COIN Stock Up 5% As Coinbase Prepares for Crypto Payments With AI Agents

Key Insights:

• COIN stock has been recovering well over the past week, but still trades 20% down on a year-to-date chart.
• Coinbase is rolling out stock and ETF trading for U.S. users, offering 24-hour weekday access.
• Coinbase CEO Brian Armstrong highlighted a shift toward “agentic commerce.” This revealed that AI agents now write over 50% of Coinbase’s code.

During the trading session on Monday, March 2, the Coinbase (COIN) stock shot up over 5% to $185.24.

On the weekly chart, the COIN stock price is up by more than 18% during the recent recovery phase. The recent upside comes as Coinbase CEO Brian Armstrong doubles down on AI agents for crypto payments.

COIN Stock On Strong Recovery Mode

Amid the Bitcoin price surge to $70,000 on Monday, March 2, COIN stock staged 5% upside. This strong recovery over the past week comes as Coinbase seeks to become an all-in-one financial app.

Coinbase is expanding beyond its core cryptocurrency business by introducing stock and ETF trading for U.S. customers.

The new offering provides 24-hour weekday trading access and supports fractional share purchases. Thus, the crypto platform seeks to compete directly with the likes of Robinhood (HOOD).

Last month in January, banking giant Goldman Sachs upgraded the COIN stock to a buy rating. The bank has set up a target price of $303 for the stock.

However, the stock price has been on a downward trajectory, correcting all the way to $141 in Feb. Thus, the Coinbase share price is still trading at more than 20% discount year-to-date.

As per the details from Javon Marks, the COIN stock has bounced back from the support of broadening wedge pattern. The analyst added that the share price can surge all the way to $600 from here onwards.

Apart from the COIN stock, other crypto-linked equities also moved higher alongside the broader rally. Strategy (MSTR) jumped about 7.6%. Bitcoin mining stocks like MARA Holdings, CleanSpark, and Riot Platforms also posted strong gains.

Coinbase CEO Says to Focus on AI Agents

Coinbase CEO Brian Armstrong signaled a structural shift in the crypto market. Armstrong emphasized agentic commerce. He noted that future buyers of digital assets may increasingly be autonomous AI agents.

He suggested this shift could expand participation beyond human users. This vision highlights how AI might transform digital asset markets.

According to Armstrong, artificial intelligence is already deeply integrated within Coinbase’s operations. AI agents now generate more than 50% of the company’s code. Also, they manage roughly 60% of customer support interactions.

However, the Coinbase CEO said that the more significant development lies in the payments infrastructure. Coinbase is equipping AI agents with stablecoin wallets. This will allow machine-to-machine transactions without direct human authorization.

These agents can independently pay for cloud computing resources. At the same time, having access to subscription-based data. They can also register domains and execute other digital transactions.

Armstrong noted that traditional financial systems are not designed for autonomous software. This is because corporate payment rails typically require verified human identities. On the other hand, crypto-based payment networks and stablecoins allow automated economic activity.

Armstrong noted that for AI agents to operate like digital employees, they need native internet money. He believes that stablecoins have already started to fill that role.

Crypto Payments and AI Agents Working Together

Apart from Coinbase, existing financial market players are working on crypto payments with AI agents.

Mastercard (NYSE: MA) and Banco Santander completed Europe’s first live AI agent–initiated payment. They executed it within a regulated banking framework, marking a major step in financial innovation.

In a separate development, Mastercard partnered with MetaMask to launch a self-custody crypto debit card. The product enables users to spend digital assets directly in everyday transactions. Besides, it also keeps a control over its private keys.

This initiative is part of Mastercard’s plans of expanding in the AI-powered payments infrastructure. Besides, the financial giant is also experimenting with crypto linked consumer spending products.

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