Cryptocurrency exchange Kraken is adding AI-powered financial tools to its mobile app as exchanges increasingly compete to offer personalized investing tools beyond basic trading functions.
According to the company’s announcement, users will start by setting their financial goals and preferences, which will allow the app to tailor its interface and recommendations to those goals, rather than requiring customers to navigate elaborate trading tools. The company says the redesigned platform will aid users pursue goals such as buying a home, saving for retirement or building an emergency fund.
Kraken said its “financial intelligence” constantly monitors markets, identifies investment opportunities and recommends trades, but does not execute trades itself. Each recommendation requires user consent before placing a trade, with the company positioning the technology as a decision support tool rather than an automated trading system.
According to CNBC, the app then uses this information, along with a user’s risk tolerance, financing preferences and financial profile, allows it to generate a suggested portfolio that users can review and adjust before investing. Once invested, it provides personalized portfolio updates and investment suggestions tailored to each user’s assets.
In an interview with CNBC, Kraken’s chief data officer, Kamo Asatryan, said the technology aims to give everyday investors the same market awareness as the most busy investors in the stock market by constantly monitoring markets, identifying opportunities and recommending trades.
“[T]this creates an opportunity for ordinary people to become high-frequency traders and do it in plain English,” he said.
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AI agents are spreading across crypto platforms
Cryptocurrency exchanges and fintech companies are increasingly incorporating artificial intelligence into their trading platforms, enabling users to analyze markets, manage portfolios and place trades through conversational interfaces.
In June, OKX launched a beta platform where AI agents can autonomously conduct transactions, perform onchain tasks and build a blockchain-based reputation. That same month, Coinbase introduced a tool that allows AI agents to make payments and trade cryptocurrencies on behalf of users using the x402 payment protocol.
Adoption is also gaining momentum. Last month, Chainalytic reported that payment activity on the Base Coinbase network had surpassed 100 million transactions. The report found that while transaction growth has plateaued, higher-value transfers have become more common, suggesting that AI-powered payments are moving beyond micropayments and early experiments.
Source: Coinbase
Fintech company Revolut on Friday launched an update to its Revolut X exchange, allowing customers to connect AI assistants including Claude, Gemini, Cursor and OpenClaw to analyze markets, backtest trading strategies and place orders using natural language prompts. Like Kraken’s platform, users must review and approve each transaction before it can be executed.
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