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AI agents
2026-07-29 13:43:09

Tiger Research says AI agent wallets are becoming crypto’s next battleground as Coinbase and others position for micropayments

Tiger Research argues that crypto wallets are quietly being rebuilt for a world where AI agents, not humans, initiate large volumes of online payments. In that model, a single user request could trigger dozens of machine-made transactions, while individual API calls or data queries may cost as little as $0.001 or even $0.00001. That makes traditional card infrastructure, with chargebacks and fixed per-transaction fees, poorly suited to the task. The report says more than 10 companies are already developing wallets specifically for agents. Coinbase, Binance and other firms are investing despite little visible near-term revenue because they want to secure future users and transaction flow before agent activity scales. Using Coinbase’s disclosed metrics and a base of 9.2 million monthly transacting users, Tiger Research estimates that annual revenue under an aggressive scenario could reach $50.37 billion, roughly 7x Coinbase’s current total revenue. The report also says wallet payment histories could become the basis for credit models and revenue-based financing for agents, much as Stripe Capital used merchant payment data. Still, Tiger Research stresses that this remains a forward-looking scenario. Payment reliability, fragmented protocols such as x402, AP2 and MPP, and unresolved legal and KYC questions continue to limit the market today.

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Tiger Research says AI agent wallets are becoming crypto’s next battleground as Coinbase and others position for micropayments