Kraken to Relaunch AI-Powered Agentic Trading App to Transform Crypto Investing
In Focus
- The agentic trading platform evaluates users’ financial objectives during onboarding
- AI agents in the app curate market insights for users
- Kraken plans to add an AI-powered chatbot on the app in future
In a move that could redefine crypto exchanges, Kraken is preparing to relaunch its app with agentic trading as a core feature. In agentic trading, AI agents perform tasks such as placing trades, analyzing markets and managing portfolios autonomously based on user-defined goals. Kraken’s agentic trading can adapt to new information and make decisions based on set parameters.
How Does Kraken’s Agentic Trading App Work?
During onboarding, the AI-powered app evaluates users’ financial objectives, risk tolerance, funding preferences, and personal financial circumstances through a simplified workflow. Kraken’s AI investment assistant also generates a customized portfolio proposal that users can review, refine, and approve. Users receive clear explanations for every investment recommendation generated by the app.
After investing, Kraken AI agents send users curated market insights and recommendations for optimizing idle cash. Users also receive news that is relevant to their investment portfolio. Kraken plans to expand the app’s capabilities by adding an AI-powered chatbot.
“Talking to Kraken should be like talking to your well-informed best friend who knows a lot about finance but also knows a lot about you, knows about your goals, knows about what you care about, and can help you navigate all of these different options, all of the different assets, products, markets to really achieve your goals without you needing to yourself become an expert and professional trader,” Kraken’s Chief Data Officer Kamo Asatryan said as cited by the CNBC.
What Kraken’s Agentic Trading Means for Crypto Market
Application of AI agents in crypto trading points to growing adoption of AI-powered financial products as large language models reshape the way investors interact with the markets. Kraken views AI as the next major shift in finance, much like mobile trading and algorithmic investing.
Just as trading apps increased accessibility, Kraken believes AI agents can help ordinary investors to benefit from the insights and support that professionals have enjoyed for a long time.
“AI is going to help everyday people respond to market conditions the way our most active traders respond. We see even in down markets that our pro traders are highly active, they engage with the platform, they continue to trade, and it’s important for customers who are more everyday people to have that same capability,” Asatryan added.
Impact of AI Adoption in the Crypto Sector
According to Asatryan, the increasing adoption of AI in the cryptocurrency sector signals a sustainable growth opportunity, not merely the latest trend to emerge during a market downturn.
“Traditionally, exchanges have trouble in bear markets because most of their customers have trouble in bear markets. They engage with those exchanges because of FOMO. They buy in at the peak, sell when prices are down and they churn,” he noted.
Founded in 2011, Kraken is among the cryptocurrency industry’s longest-standing exchanges. Asatryan said its primary customer base includes institutions, trading firms, professional investors, and active leveraged traders, while many of its retail users are experienced crypto investors who have been in the market for years.
