Over 95% of Coinbase’s code is currently written or assisted by AI, up from 40% in February.

PANews July 15, according to Cointelegraph, Coinbase platform head Rob Witoff said the company’s current code is 95% to 100% written by or assisted by AI, doubling from the company’s February estimate of 40%. Coinbase laid off 700 people in May (14% of its total staff). CEO Brian Armstrong said AI has “greatly” changed the company’s work tempo, and the firm needs to “return to the speed and focus of a startup, with AI at the core.”

Witoff said about 100% of Coinbase employees use AI every day; core cryptography coding is still primarily done by humans, and prototype development has been fully automated. The team has been reorganized around smaller, more senior staff: 2–3 people can do work that previously required more than 10 people. Most engineers simultaneously run 5 to 10 AI agents, which collectively complete coding work equivalent to about 1,200 employees. It is expected that by 2030, AI agents will be able to handle the work equivalent to 100 thousand employees.