Coinbase Cuts AI Spending Amid Token Usage Surge

Coinbase has reduced its spending on artificial intelligence initiatives by nearly 50% despite a surge in token usage across its ecosystem.

The move has sparked attention in both the cryptocurrency and technology industries, with questions arising about how one of the world's largest digital asset exchanges is balancing investment in emerging technologies with its core blockchain business.

The development was confirmed through reports circulating in the crypto community and later acknowledged by Cointelegraph's official X account, lending additional credibility to the information.