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Coinbase Launches Agentic Wallets for AI Agents as Shares Slide 6%

The developer toolkit pairs the x402 standard with gasless execution on Base to let AI agents move funds under strict security controls.

Overview

  • Agentic Wallets let autonomous AI agents hold funds, manage identity, and execute on‑chain transactions without human intervention.
  • x402 integration supports machine‑to‑machine payments and has been reported to process more than 50 million transactions.
  • Transactions on Coinbase’s Base network run gasless for agents, removing a key operational hurdle for continuous automation.
  • Security guardrails include TEE‑protected private keys, session keys and OTP authentication, programmable spend caps, restricted actions, and KYT monitoring.
  • Developers can deploy wallets via a command‑line tool with prebuilt financial functions, as Coinbase targets builders first and faces parallel launches from Lightning Labs and others.