- Kraken is preparing to relaunch its app with agentic AI trading tools to help retail investors make more informed decisions.
- The move puts Kraken in competition with Coinbase, Gemini, and Bitget, which have already launched similar AI trading features.
- The rollout follows Kraken pausing its IPO plans earlier this year; investors now expect a third-quarter listing.
Kraken is reportedly preparing to relaunch its app with agentic trading at its core, playing catch-up with incumbent listed cryptocurrency exchanges like Coinbase and Gemini. The move comes ahead of the exchange’s highly anticipated initial public offering later this year.
Chief Data Officer Kamo Asatryan told CNBC that the company’s AI-powered tools aim to bridge the gap between retail traders who buy at peaks and sell at troughs out of FOMO and professional traders who stay engaged through every cycle. “It’s important for customers who are more everyday people to have that same capability and be as well informed as the professional traders,” he said.
Kraken will be the fourth major exchange to ship agentic trading features. Gemini rolled out its version in late April 2026, followed by Coinbase in June 2026, while Bitget upgraded its Agent Hub in March. Consequently, Kraken enters last among the group.
The product timing aligns with Kraken’s plans to go public. The exchange confidentially filed a draft S-1 with the SEC in November 2025, targeting a first-quarter 2026 listing backed by an $800 million raise at a $20 billion valuation. It paused those plans in March 2026, citing market conditions, and its valuation has since slipped to roughly $13.3 billion following a $200 million investment from Deutsche Borse in April.
Co-CEO Arjun Sethi said in May the company was roughly 80% ready to list, with many anticipating the launch in the third quarter. Meanwhile, Coinbase and Gemini, both already public, saw modest stock gains on Friday. Retail sentiment around Kraken’s pre-IPO ticker on Stocktwits trended in extremely bullish territory, reflecting a price of $32.94.
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