Kraken To Relaunch Mobile App With Agentic Trading

Crypto exchange Kraken is relaunching its mobile app with new agentic trading features.

In a blog post, Kraken said, "Unlike other trading platforms, this won't be an AI assistant or a copilot bolted onto the old version of the app."

Kraken is not the only crypto exchange looking to artificial intelligence (A.I.) to revitalize its app and trading experience.

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Crypto exchange Gemini (NASDAQ: $GEMI) was the first major U.S. firm to open its platform and app to agentic A.I. earlier this year.

Coinbase Global (NASDAQ: $COIN) recently rolled out a new A.I.-powered financial advisor that it describes as a "robo-advisor on steroids."

Kraken's agentic trading system will feature autonomous A.I. agents capable of monitoring markets and suggesting trades to users aligned with pre-define goals.

Kraken's new agentic AI offering is similar to a full-fledged advisory system, said the company in its blog post.

The new app will be able to curate news and investment suggestions based on a user's portfolio and preferences.

This is the latest new offering from Kraken, which recently announced crypto perpetual future contracts in the U.S., as well as tokenized IPO access and new lending programs.

Kraken is privately held and its stock does not trade on a public exchange.