Kraken Rebuilds App to Let Users Approve AI-Generated Crypto Trades

Kraken is rebuilding its app around agentic trading. The crypto exchange said the platform will give users access to AI agents that continuously monitor markets, identify opportunities and execute trades in real time. Agentic trading uses AI agents that autonomously make decisions and manage portfolios based on human inputs.

Kraken chief data officer Kamo Asatryan said the system lets everyday people respond to market conditions the way professional traders do. The app's onboarding uses AI to learn a user's goals, risk tolerance, funding preferences and financial profile. It then builds a draft portfolio that the user can review, adjust and approve with explanations for each recommendation.

After investment, users receive AI-curated insights, portfolio-relevant news and proactive recommendations such as ways to optimize idle cash. All trades and recommendations require the customer's explicit confirmation before execution. Asatryan said the goal is for conversations with Kraken to feel like talking to a well-informed friend who knows the user's goals and can navigate assets and markets without requiring the user to become an expert trader.

He added that AI will help everyday people become high-frequency traders using plain English. Coinbase and Gemini have recently introduced AI-assisted trading and developer tools. Asatryan noted that exchanges have traditionally struggled in bear markets because most customers engage mainly out of fear of missing out.