Coinbase Reportedly Explores AI Payments – What’s The Cloudflare Connection?

• Coinbase’s bet on AI payments comes at a time when its primary cryptocurrency brokerage business is struggling amid market downturn. 
• Coinbase is also developing AI agents that can be used for executing cryptocurrency trades, as well as a marketplace and wallets for AI agents, as per The Information. 
• Developing AI agents is certainly one of top priorities for Coinbase, Shan Aggarwal, chief business officer of Coinbase told The Information.

Coinbase (COIN) and crypto infrastructure startup, Zerohash, are among the companies reportedly vying to issue a new stablecoin for Cloudflare (NET) that is set to launch this year.

According to a report from The Information that cited people familiar with the matter., the deal could put the winner’s stablecoin at the center of agent-based traffic because of Cloudflare’s critical role in managing web traffic and cybersecurity.

Coinbase’s bet on artificial intelligence payments comes at a time when its primary cryptocurrency brokerage business is struggling amid a market downturn. 

Coinbase is also developing AI agents that can be used for executing cryptocurrency trades, as well as a marketplace and wallets for AI agents, the report said. 

“It’s certainly one of our top priorities as a company,” Shan Aggarwal, chief business officer of Coinbase, told The Information about its efforts on agentic payments. The company’s approach to making money from agents differs from its consumer business, he said, adding that “We monetize it mostly by providing the infrastructure that agents use.”

Shares Under Pressure

Coinbase shares have been under pressure ever since Bitcoin started to plummet earlier this year, and its recent earnings have only pressured the stock after it posted a surprise loss in fourth-quarter (Q4) earnings.

Coinbase’s revenue in Q4 tumbled 21% year-over-year to about $1.8 billion. Analysts on average expected Coinbase to post revenue of $1.83 billion in the quarter, according to data from Fiscal.ai.

Bitcoin and other digital assets are grappling with a significant downfall in their prices as selling pressure continues to weigh on cryptocurrencies even as institutional demand has stabilized after outflows over several weeks. 

Retail reaction

Retail sentiment around COIN trended in the ‘bearish’ territory amid ‘normal’ message volume. 

Shares in the company have fallen 11% so far in 2026. 

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