Coinbase CEO admits the failure of creator coins, Base chain shifts strategy to trading and payments

Coinbase co-founder and CEO Brian Armstrong posted on the X platform, publicly acknowledging that the creator coin previously promoted by the Base chain has not succeeded and that a strategic adjustment was completed earlier this year.

Armstrong stated that Base's current core focus areas are trading, payments, and AI agents, which are interconnected—payments require foreign exchange trading, and AI agents will also involve a large number of trading and payment scenarios. Currently, most resources have been concentrated on the trading track.