- Kraken is adding AI-powered financial tools to its mobile app, letting users set goals like buying a home or saving for retirement.
- The platform monitors markets and recommends trades, but every trade requires user approval before execution.
- Competitors OKX, Coinbase, and Revolut are also embedding AI agents for autonomous or assisted trading.
- Chainalysis reports agentic payment activity on Coinbase’s Base Network surpassed 100 million transactions, with higher-value transfers becoming more common.
Kraken is integrating AI-powered financial tools into its mobile app, allowing users to set goals such as buying a home, saving for retirement, or building an emergency fund. According to a company announcement, the redesigned platform tailors its interface and recommendations around those objectives rather than requiring customers to navigate complex trading tools.
The exchange’s “financial intelligence” continuously monitors markets, identifies investment opportunities, and recommends trades, but it does not execute transactions autonomously. Every recommendation requires user approval before a trade is placed, positioning the technology as a decision-support tool rather than an automated system.
Kraken chief data officer Kamo Asatryan told CNBC that the technology gives everyday investors the same market awareness as the exchange’s most active traders. “[T]here’s an opportunity for everyday people to become high-frequency traders and do so using plain English,” he said.
The app uses a user’s risk tolerance, funding preferences, and financial profile to generate a suggested portfolio, according to reports. Once invested, it provides personalized portfolio updates and investment suggestions tailored to each user’s holdings.
Meanwhile, crypto exchanges and fintech firms are embedding AI into their platforms. In June, OKX launched a beta marketplace where AI agents can transact autonomously, and Coinbase introduced a tool enabling AI agents to make payments and trade using its x402 payments protocol.
On Friday, fintech firm Revolut upgraded its Revolut X exchange, letting customers connect AI assistants to analyze markets and place trades through natural-language prompts. Last month, Chainalysis reported that agentic payment activity on Coinbase’s Base network had surpassed 100 million transactions, with higher-value transfers becoming more common, according to data.
✅ Follow BITNEWSBOT on Telegram, Facebook, LinkedIn, X.com, and Google News for instant updates.
