Kraken plans major app redesign featuring AI-driven investment tools
Kraken's revamped application will leverage artificial intelligence to suggest trading opportunities and customize investment features based on each user's specific financial objectives as the company pushes deeper into comprehensive financial services.
Cryptocurrency trading platform Kraken is incorporating AI-driven financial capabilities into its mobile application as digital asset exchanges face growing pressure to deliver customized investment solutions that extend well beyond standard trading functionality.
Based on a statement from the company, customers will start by establishing their financial objectives and personal preferences, enabling the application to customize its user interface and suggestions according to those specific goals instead of forcing users to work through complicated trading interfaces. The firm indicated that the revamped platform will support users in pursuing various objectives including home ownership, retirement planning or establishing emergency savings.
According to Kraken, its "financial intelligence" system constantly scans markets, spots potential investment opportunities and proposes trades, though it does not carry out transactions on its own. Each suggestion must receive user authorization before any trade is executed, with the firm framing the technology as a tool for supporting decisions rather than functioning as an automated trading mechanism.
As reported by CNBC, the application then utilizes that data, combined with a user's appetite for risk, investment preferences and financial background, to create a recommended portfolio that users can examine and modify prior to committing funds. After investment, it delivers customized portfolio notifications and investment recommendations adapted to each individual's current holdings.
In conversation with CNBC, Kraken chief data officer Kamo Asatryan explained that the technology aims to provide retail investors with the same level of market insight as the platform's most engaged traders through continuous market surveillance, opportunity detection and trade recommendations.
"[T]here's an opportunity for everyday people to become high-frequency traders and do so using plain English,"
Kamo Asatryan, Kraken Chief Data Officer
AI agents spread across crypto platforms
Digital currency exchanges and financial technology companies are progressively integrating artificial intelligence into their trading systems, enabling customers to evaluate markets, oversee portfolios and execute trades via conversational user interfaces.
In June, OKX rolled out a beta marketplace enabling AI agents to conduct autonomous transactions, execute onchain operations and establish blockchain-based reputation scores. During the same month, Coinbase unveiled a solution allowing AI agents to process payments and execute cryptocurrency trades on users' behalf through its x402 payments protocol.
Implementation rates are also climbing. Last month, Chainalysis disclosed that agentic payment transactions on Coinbase's Base network had exceeded 100 million transactions. The analysis revealed that although transaction volume growth has leveled off, larger-value transfers have become increasingly prevalent, indicating AI-powered payments are progressing beyond micropayments and initial testing phases.
On Friday, financial technology company Revolut introduced an enhancement to its Revolut X trading platform, enabling users to link AI assistants, such as Claude, Gemini, Cursor and OpenClaw, to conduct market analysis, test trading strategies through backtesting and submit orders using natural-language commands. Similar to Kraken's system, customers must examine and authorize each trade prior to execution.