News & Updates
The latest news and updates from companies in the WLTH portfolio.
Kraken Fed Master Account Still Inactive Despite Historic Approval - TokenPost
Kraken's Wyoming-chartered bank made history in March by becoming the first crypto-focused institution to receive approval for a Federal Reserve master account. However, months after securing the milestone, the account has yet to become operational, highlighting the challenges of integrating crypto firms into the U.S. banking system. A Fed master account allows banks to hold funds directly with the Federal Reserve and transfer U.S. dollars through Fedwire without relying on intermediary banks. The Federal Reserve Bank of Kansas City approved Kraken's application on March 4 after the company had waited since October 2020. Despite the approval, Kraken Financial CEO David Mathena recently told Wyoming's blockchain select committee that the bank is still working to activate the account. The company is now focused on expanding its deposit services and preparing to fully utilize the direct Fed connection. Until then, Kraken continues to process U.S. dollar wire transfers through Dart Bank, according to its support documentation. Kraken has previously said the rollout would happen in phases, initially serving large institutional clients. The account also comes with unique restrictions. The Kansas City Fed approved it as a one-year pilot with undisclosed conditions tailored to the bank's risk profile. Those limitations have attracted scrutiny from lawmakers, including Representative Maxine Waters, who questioned the legal basis for the so-called "limited purpose account" and whether Kraken can access services such as ACH payments or earn interest on Fed balances. Kraken secured approval as a Tier 3 applicant, a category covering state-chartered banks without federal deposit insurance or a federal banking regulator. Such approvals are extremely rare. Federal Reserve Vice Chair for Supervision Michelle Bowman recently described Tier 3 access as nearly impossible to obtain. According to fintech analyst Jason Mikula, only three of 53 Tier 3 or unclassified applicants have ever received approval, with Kraken being the only crypto-related institution. The uncertainty continues as the Federal Reserve finalizes new rules governing payment account access for non-bank institutions. Public comments on the proposal close on July 27, while Governor Christopher Waller expects final regulations by the end of the year. Kraken's experience could influence the Fed's handling of future applications, including Ripple's pending request for a master account.
Kraken Borrow Update Gives Pro Traders More Room To Manage Collateral
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Kraken is updating its borrowing mechanics for Pro users, giving eligible traders more flexibility around collateral and liquidity management. The change sits in a practical part of crypto that often gets less attention than price action. Traders do not only need assets to buy or sell. They need ways to manage capital, use collateral efficiently, and access liquidity without immediately closing positions. That is the appeal of borrow products. A trader may want to keep crypto exposure but still use some of that value elsewhere. Borrowing against collateral can solve that problem, but it also introduces interest costs, liquidation risk, and tighter margin management. Kraken's update is useful because it shows how exchanges are building deeper financial tools around the trading experience. TL;DR * Kraken has updated borrow mechanics for eligible Pro users. * The focus is on collateral management, margin spend, and liquidity access. * The product can improve capital efficiency, but users still need to understand interest rates and liquidation risk. Borrowing Against Crypto Is Useful, But Not Simple The basic idea is easy to understand. A user holds crypto. Instead of selling it, they borrow against it. That lets them access liquidity while keeping exposure to the asset. In a rising market, that can feel efficient. In a falling market, it can become dangerous. The risk comes from collateral value. If the collateral falls sharply, the borrower may need to add funds, reduce the loan, or face liquidation. Crypto's volatility makes that risk more serious than in many traditional lending markets. A position that looks safe one day can become stressed quickly if the underlying asset drops. That is why borrow products need transparency. Users need to understand loan-to-value ratios, liquidation thresholds, interest rates, collateral eligibility, and repayment mechanics. Kraken's update appears aimed at making the borrow experience more integrated for active users. That can be useful for traders who already manage risk carefully. It can also be risky for users who see borrowing as free capital. Capital Efficiency Is The Main Use Case For professional or advanced traders, capital efficiency matters. Keeping too much idle collateral can limit flexibility. Selling long-term holdings to access liquidity may create tax, timing, or opportunity-cost issues. Moving funds between platforms can introduce delays and operational risk. A better borrow tool gives traders more ways to respond to the market. They may borrow to hedge, fund another position, avoid selling into weakness, or manage short-term cash needs. They may also use borrowing as part of a broader portfolio strategy where collateral remains productive rather than dormant. That is why exchanges are paying attention to these products. A platform that offers trading, custody, borrowing, options, and risk tools can become more useful to active users than an exchange that only provides spot access. The more functions traders can handle in one place, the stickier the platform becomes. Kraken's borrow update fits that model. The Risk Controls Matter Most The important question is whether the product helps users manage risk or encourages them to take too much of it. Borrowing can make a portfolio more flexible, but it can also add leverage indirectly. A user who borrows against crypto and then uses the funds for more trading has increased exposure. If markets fall, the damage can compound. That is why interest rates and liquidation thresholds are not minor details. They are the centre of the product. A good borrow system should make costs visible. It should warn users before collateral becomes stressed. It should explain how liquidations work. It should avoid making complex risk feel too easy. Crypto has already seen what happens when leverage is poorly understood. Borrow products do not need to repeat that mistake. For Kraken, the update strengthens the exchange's advanced-trader offering. It gives eligible clients more tools to manage liquidity without leaving the platform. For users, the benefit depends on discipline. Borrowing against crypto can be sensible when used carefully, but it is still a risk product. The bigger market takeaway is that exchanges are becoming more like full-service trading platforms. Spot trading is only one part of the relationship. Collateral, lending, derivatives, and portfolio tools are becoming just as important. Kraken's update is another step in that direction. This article is based on information from Kraken. This article was written by the News Desk and edited by Samuel Rae.
Kraken Pro Options Upgrade Brings More Structure To Retail Crypto Hedging
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Kraken is expanding its options trading infrastructure, giving crypto traders another way to manage exposure beyond spot buying and perpetual futures. That matters because crypto risk is still often handled with blunt tools. Traders buy tokens, sell tokens, or use leveraged futures that can become dangerous quickly when volatility spikes. Options offer a different approach. They allow traders to define risk, hedge positions, and express views on volatility without relying only on directional leverage. The product still requires care. Options are not simple, and retail traders can misunderstand them easily. But a more structured options market can help move crypto derivatives away from the most chaotic parts of the leverage cycle. Kraken's update is part of that shift. TL;DR * Kraken Pro is expanding options trading infrastructure for crypto users. * Options can help traders hedge, manage volatility, and structure risk more carefully. * The update is part of a broader move toward more mature crypto derivatives access. Crypto Traders Need More Than Perpetual Futures Perpetual futures have dominated much of crypto derivatives trading because they are simple, liquid, and easy to access. They are also risky. A trader can take a leveraged long or short quickly, but the same structure can lead to forced liquidations when the market moves against crowded positioning. That is one reason crypto often sees violent moves in both directions. Leverage builds up, funding becomes stretched, and then the market flushes. Options do not remove risk, but they offer more ways to shape it. A trader can buy a put to hedge downside. A trader can use calls to gain upside exposure with defined premium risk. More advanced users can build spreads, volatility trades, or strategies around expected ranges. The point is not that every retail user should trade options. The point is that options give the market more tools than simple leveraged direction. That is why Kraken's infrastructure upgrade matters. If options become easier to access inside a regulated or more carefully controlled environment, some traders may move away from the most aggressive offshore products. The Details Will Decide Adoption Options products live or die on design. Contract sizes matter. Expiration formats matter. Strike selection matters. Collateral rules matter. Liquidity matters more than almost anything. If spreads are too wide or markets are too thin, the product may look useful in theory but feel difficult in practice. Kraken's challenge is to make options accessible without making them feel falsely simple. Retail users need clear explanations of premium, expiry, time decay, volatility, and the fact that an option can expire worthless. They also need risk controls that prevent the product from becoming just another way to blow up an account. If Kraken can get that balance right, the exchange can offer traders a more serious hedging tool. If the product is poorly understood, the risks may outweigh the benefits for less experienced users. That is why education and interface design matter almost as much as the product itself. A More Mature Derivatives Market The broader crypto market has been moving toward more sophisticated derivatives for years. Institutional desks already use options to manage exposure, hedge spot positions, and trade volatility. Retail access has been more uneven. Some platforms offer deep derivatives markets, but jurisdiction, regulation, and user protection vary widely. Kraken's move suggests more exchanges want to compete on structured access rather than simply offering the highest leverage. That is healthy if it leads to better risk management. Crypto will always be volatile. A more mature derivatives market will not change that. What it can change is how traders handle volatility. Instead of every move becoming a leveraged long or short, traders can use products that define risk more clearly. The timing also makes sense. As ETFs, institutional products, and regulated crypto infrastructure expand, traders will expect more familiar tools around the assets they hold. Options are part of that financial toolkit. The risk is that retail users treat them as a shortcut. They are not. Options require understanding, and the wrong strategy can lose money quickly. Still, Kraken's expansion points in the right direction for market structure. It gives traders more flexibility, and it pushes crypto derivatives closer to the way mature markets already operate. That does not guarantee immediate adoption, but it does show where the market is heading: less reliance on raw leverage, more focus on structured risk. This article is based on information from Kraken. This article was written by the News Desk and edited by Samuel Rae.
Kraken Institutional Turns To Upshot To Price The Illiquid Side Of Crypto
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Kraken Institutional is adding valuation tools through a partnership with Upshot, taking aim at one of the hardest problems in digital assets: pricing things that do not trade cleanly. That includes NFTs and other illiquid crypto holdings, where market value is not always obvious. A Bitcoin price is easy to find. Ethereum trades continuously across deep markets. But an NFT portfolio, a thinly traded token, or a niche on-chain asset can be much harder to value with confidence. For institutional clients, that is not a small problem. It affects reporting, collateral, risk management, custody, lending, and portfolio construction. Kraken's move suggests the exchange sees demand for tools that make crypto portfolios easier to manage beyond the major liquid assets. TL;DR * Kraken Institutional has partnered with Upshot to support valuation tools for NFTs and illiquid digital holdings. * The update is aimed at a part of crypto where pricing is often inconsistent or difficult to verify. * Better valuation tools can support reporting, lending, collateral management, and institutional portfolio oversight. The Illiquid Part Of Crypto Needs Better Tools Crypto markets are often described as if everything trades like Bitcoin. That is not true. Large tokens can have deep liquidity, narrow spreads, and continuous pricing. Smaller assets, NFT collections, tokenized claims, and niche on-chain positions can behave very differently. Some trade rarely. Some have wide spreads. Some rely on floor prices that may not reflect real executable value. That creates problems for institutions. A fund cannot simply guess what an illiquid holding is worth. A lender cannot accept collateral without understanding how that collateral may behave under stress. A custodian servicing professional clients needs credible data when clients ask for portfolio reporting. Upshot's valuation approach is designed for that harder-to-price side of the market. Kraken bringing that into its institutional offering gives clients another layer of data around assets that do not fit neatly into normal exchange order books. That does not make valuations perfect. Models can be wrong. Illiquid markets can gap lower. NFTs can lose demand quickly. But a structured model is still more useful than relying only on last sale, floor price, or sentiment. Why This Matters For Collateral The collateral use case is where this becomes more interesting. Crypto borrowing works best when the collateral is easy to price and easy to liquidate. Bitcoin and Ethereum are relatively straightforward. Illiquid assets are not. If a borrower wants to use an NFT portfolio or a less liquid digital asset as collateral, the lender needs to understand what the asset might actually be worth if it has to be sold. That requires more than a headline price. A proper valuation framework can consider comparable sales, rarity, liquidity, market depth, historical volatility, and other data points. It can also help set more conservative loan-to-value ratios or risk limits. For Kraken Institutional, this can make the platform more useful to clients managing complex portfolios. It allows the exchange to offer more than custody and execution. It starts to look like part of a wider institutional workflow. That is the direction many major crypto platforms are moving in. Trading remains central, but serious clients also want risk tools, reporting, credit, and data. A Sign Of Crypto Market Maturity The most important part of this update is not that it will immediately change NFT markets or cause a sudden wave of institutional borrowing. It probably will not. The more important point is that exchanges are building infrastructure for a market that is becoming more complicated. In earlier cycles, crypto platforms could grow by offering more listings, more leverage, and faster access. That is still part of the business, but institutional clients need different things. They need confidence that assets can be priced, monitored, reported, and managed inside a risk framework. Valuation tools are part of that shift. They also show that the NFT market is not being treated only as a speculative retail category. Even after the hype cooled, the underlying issue of unique digital assets remains relevant. Institutions may still hold them, lend against them, custody them, or evaluate tokenized assets with similar valuation problems. Kraken's Upshot partnership sits in that practical layer of crypto infrastructure. It is not a flashy market-moving announcement. It is a piece of the machinery that could make harder-to-price digital assets more usable for professional clients. That is the real signal. Crypto is slowly building the same kind of support systems that exist around other asset classes. Pricing, valuation, collateral, risk, and reporting may not generate the loudest headlines, but they are what institutions need before they can treat a market seriously. This article is based on information from Kraken. This article was written by the News Desk and edited by Samuel Rae.
Kraken and Calisen in first-of-its-kind partnership
Left: Catherine O'Kelly, CEO, Calisen. Right: Amir Orad, CEO, Kraken / Images courtesy Calisen Group and Kraken Smart meter company Calisen has partnered with Kraken to modernise the management of its nationwide engineering workforce as the UK's smart meter rollout enters a more complex phase. The first-of-its-kind agreement will see Calisen deploy workplace management platform Kraken Field on the Kraken operating system to coordinate scheduling, job dispatch and engineer deployment across its field operations. Calisen owns and manages the largest portfolio of smart meters in the UK. It employs around 1,100 field engineers and carries out a home visit every six seconds. The company expects the new platform to improve operational efficiency by automating many of the planning tasks traditionally handled manually. Smart meters are one of the foundations of a more flexible energy system, but the rollout depends on thousands of field visits being planned and completed reliably. By modernising the operational layer behind those visits, Kraken and Calisen can help accelerate the deployment and maintenance of the infrastructure the UK needs for a cleaner, more flexible grid. Optimisation technology Kraken's software uses workforce optimisation technology to match engineers with suitable jobs based on factors including location, skills and equipment requirements. By reducing unnecessary travel and improving scheduling, the system is intended to increase the number of successful appointments while improving first-time fix rates and reducing missed appointments. Have you read? AI and smart meters transform African utilities New G3 certification: Multi-utility metering over a single communication network DLMS UA and OpenADR Alliance cooperate on data exchange at the grid edge Discussing the broader context of this agreement, Amir Orad, chief executive of Kraken, said: "The energy transition depends on the deployment of smarter infrastructure at national scale - and to make the operations behind it just as intelligent. "Calisen has built one of the UK's most important smart-metering platforms, and Kraken Field optimisation will help make every visit count: improving first-time success, reducing unnecessary miles and giving customers a faster, more reliable service." Meter maturity Calisen chief executive Catherine O'Kelly also commented on the bigger picture, mentioning that around three quarters of British homes now have smart meters. "In this mature and more complex phase of the roll out, the remaining installations are in harder to reach homes, we are fixing non-communicating meters and performing upgrades. "At the same time, consumers are rightly demanding this crucial bit of kit is functioning well as they look to install solar panels and batteries or switch to EVs. This new phase of the smart meter system is more technical, with tougher penalties for suppliers when things go wrong. "It is therefore vital that we have the best systems in place to ensure our 1,100-field force is in the right place at the right time with the right equipment to improve customer service. Kraken offers the best way for us to secure this ambition." The partnership with Kraken is part of Calisen's wider technology transformation programme, which is being delivered in pilot phases by a dedicated internal team in partnership with key industry players such as Kraken and with the support of 'early adopter' employees within the business.
Kraken API Partner Program Introduces Developer Upgrade Features
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Crypto does not move on one kind of catalyst. Some days it is price, some days it is policy, and some days it is infrastructure. Kraken API Partner Program Introduces Developer Upgrade Features sits inside that mix, and it gives readers a useful snapshot of where attention is moving today. For more details, visit the official Kraken platform. TL;DR * Kraken API Partner Program Introduces Developer Upgrade Features is the main story for Kraken today. * Kraken Pro launching API partner program expansions optimizes developer tooling options. * The cleaner read is to focus on what Kraken actually shows, not to overstate what the update proves. Why The Source Matters Exchange updates matter when they reveal where liquidity, user access, and product distribution are moving next. That is the lens I would use here. The update is not valuable because it gives traders a magic answer. It is valuable because it adds another reliable data point to a market that has been moving quickly and, at times, messily. Discuss how the partner tier benefits relate to algorithmic trading desks. That detail is important because it gives the story a specific centre of gravity. Without that, it would be too easy to turn this into a generic market move or a recycled headline. For readers, the useful question is not simply whether Kraken is getting attention. It is whether the underlying development changes access, liquidity, regulatory clarity, infrastructure reliability, or trader positioning. In this case, the answer is that it does give the market something concrete to evaluate. The source trail matters here. The article is based on Kraken, which is a cleaner starting point than relying on second-hand summaries or social chatter. The Cleaner Way To Read It The immediate read is also different depending on who is watching. Traders may focus on price and liquidity, while builders or compliance teams may care more about the rule, integration, product, or infrastructure detail. That split is exactly why the story is worth handling as a standalone article rather than burying it in a broader recap. There is also a timing element. The July 15 update arrives after several sessions where crypto markets have been sensitive to macro headlines, ETF flows, regulatory signals, and exchange-level product changes. Any credible update that touches one of those channels is going to attract attention. What should be avoided is the temptation to turn one development into a sweeping conclusion. A listing is not the same thing as adoption. A price rebound is not the same thing as a confirmed trend reversal. A new rulemaking step is not the same thing as final legal certainty. The value is in the narrower, more accurate read. Exchange product updates can look small, but they often show where platforms think user demand is heading. More supported assets, better payments, or stronger APIs can all change how traders and institutions interact with crypto markets. The Bottom Line For now, the story gives the market one more piece of evidence about where Kraken sits in the current cycle. It may be about regulatory clarity, a product rollout, a price level, or a piece of infrastructure, but the same rule applies: the strongest conclusion is the one that stays closest to the source. If follow-up data confirms the direction of travel, this could become part of a larger narrative. If not, it still gives readers a useful snapshot of how quickly crypto's active themes are rotating across policy, infrastructure, payments, exchanges, and market structure. That is why this deserves coverage now. It is not about forcing a dramatic market call. It is about giving readers a clear, grounded explanation of what happened, why it matters, and what still needs to be watched. This report is based on information from Kraken. This article was written by the News Desk and edited by Samuel Rae.
Kraken Launches Spending Upgrades Enabling Direct Account Balance Card Settlement
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Crypto does not move on one kind of catalyst. Some days it is price, some days it is policy, and some days it is infrastructure. Kraken Launches Spending Upgrades Enabling Direct Account Balance Card Settlement sits inside that mix, and it gives readers a useful snapshot of where attention is moving today. For more details, visit the official Kraken platform. TL;DR * Kraken Launches Spending Upgrades Enabling Direct Account Balance Card Settlement is the main story for Kraken today. * Kraken card balance upgrade represents a key step for payment infrastructure options on the exchange. * The cleaner read is to focus on what Kraken actually shows, not to overstate what the update proves. Why This Update Matters Exchange updates matter when they reveal where liquidity, user access, and product distribution are moving next. That is the lens I would use here. The update is not valuable because it gives traders a magic answer. It is valuable because it adds another reliable data point to a market that has been moving quickly and, at times, messily. Focus on supported assets and transactional finality speed rules. That detail is important because it gives the story a specific centre of gravity. Without that, it would be too easy to turn this into a generic market move or a recycled headline. For readers, the useful question is not simply whether Kraken is getting attention. It is whether the underlying development changes access, liquidity, regulatory clarity, infrastructure reliability, or trader positioning. In this case, the answer is that it does give the market something concrete to evaluate. The source trail matters here. The article is based on Kraken, which is a cleaner starting point than relying on second-hand summaries or social chatter. The Market Read From Here The immediate read is also different depending on who is watching. Traders may focus on price and liquidity, while builders or compliance teams may care more about the rule, integration, product, or infrastructure detail. That split is exactly why the story is worth handling as a standalone article rather than burying it in a broader recap. There is also a timing element. The July 15 update arrives after several sessions where crypto markets have been sensitive to macro headlines, ETF flows, regulatory signals, and exchange-level product changes. Any credible update that touches one of those channels is going to attract attention. What should be avoided is the temptation to turn one development into a sweeping conclusion. A listing is not the same thing as adoption. A price rebound is not the same thing as a confirmed trend reversal. A new rulemaking step is not the same thing as final legal certainty. The value is in the narrower, more accurate read. Exchange product updates can look small, but they often show where platforms think user demand is heading. More supported assets, better payments, or stronger APIs can all change how traders and institutions interact with crypto markets. The Bottom Line For now, the story gives the market one more piece of evidence about where Kraken sits in the current cycle. It may be about regulatory clarity, a product rollout, a price level, or a piece of infrastructure, but the same rule applies: the strongest conclusion is the one that stays closest to the source. If follow-up data confirms the direction of travel, this could become part of a larger narrative. If not, it still gives readers a useful snapshot of how quickly crypto's active themes are rotating across policy, infrastructure, payments, exchanges, and market structure. That is why this deserves coverage now. It is not about forcing a dramatic market call. It is about giving readers a clear, grounded explanation of what happened, why it matters, and what still needs to be watched. This report is based on information from Kraken. This article was written by the News Desk and edited by Samuel Rae.
Get Razer's Kraken Kitty V2 wired or wireless headset while they're starting at just $58 (Nearly 50% off)
We are now tracking a deal at Amazon, which drops the wireless Razer Kraken Kitty V2 Hello Kitty headset down to $102.98 shipped. Don't forget to clip the on-page coupon to see the discounted price during checkout. That is down from its $140 list price and roughly $6 below the previous $109 low, marking the best price we have tracked for it so far. The wired USB version of this headset is also discounted to $57.95 shipped with a similar promo code. Amazon lists that model at $110, so today's offer takes just over $52 off and delivers up to 47% in savings. This remains one of the more popular headsets in Razer's catalog, and it's available at a solid price today at nearly 50% off. The USB model connects directly to a PC and includes 7.1 surround sound, 40mm drivers, a cardioid microphone, and RGB lighting that can react while you stream. It is the better option if you mainly play at a desk and want a dedicated mic for voice chat. The Bluetooth version skips the cable and works with phones, tablets, laptops, and other compatible devices. It also uses 40mm drivers and includes RGB lighting, but its main advantage is the rated 40-hour battery life and USB-C charging. Both headsets carry a similar Hello Kitty styling and cat-ear design, though the wired model is more focused on gaming and streaming, while the wireless version is easier to use on the go. Looking for more battlestation upgrades? CHERRY's XTRFY M68 lightweight wireless gaming mouse is just $20 today. Also, the Glorious GMMK barebone DIY kit is still at $60, down from its usual price of $80. Razer Kraken Kitty V2 BT Wireless RGB Headset features:
Kraken Borrow: spend more than your cash balance
Use your cash first. Then use the crypto already in your portfolio to cover the rest. * Kraken Borrow now works inside your normal buy flow. Your cash goes first, and eligible crypto you already hold covers the rest. * Your buying power combines your cash balance and your on-platform crypto, so you can buy more without selling anything. * Repayment is flexible: no fixed term and no early repayment fee. * A 1x leverage cap keeps the feature simple and accessible for everyday investors, not just professional traders. Every investor has faced this situation: You're holding an asset you believe in. Then something new catches your attention, but you don't have free cash on hand, and suddenly you're doing mental math about what to sell to fund this next move. It's a frustrating position. Not because the opportunity isn't real, but because the choice feels artificial. You don't have the dry powder to act on it. In an ideal world, you shouldn't have to exit a long-term position you believe in just to enter one you're excited about. That's the problem Kraken Borrow is designed to solve. What is Kraken Borrow? Kraken Borrow is a feature that extends your buying power beyond your cash balance, backed by the crypto you already hold on Kraken. Your portfolio now counts toward every buy, without having to sell anything. The mechanics are straightforward. You buy the way you always have, on the same screen. Your cash is spent first. When a purchase goes beyond your cash, Kraken Borrow covers the rest, backed by eligible assets in your portfolio. At confirmation, you see exactly what's cash and what's borrowed. When you're ready, you repay on your own terms, with no fixed repayment schedule and no rigid deadlines. It's a revolving structure, meaning you can draw, repay, and draw again as your needs change. Built for everyday investors Crypto-backed borrowing isn't a new concept, but it has historically skewed toward professional traders comfortable with complex instruments and high leverage. Kraken Borrow is built for a different audience. Designed for a range of everyday investors, the feature includes a 1x leverage cap, a familiar buy screen with borrowing built in, and a structure that prioritizes clarity over complexity. Whether you're a long-term holder looking to stay invested through a volatile period, or an active investor looking to capitalize on something new, Kraken Borrow gives you a practical trading tool without requiring you to navigate a steep learning curve. Collateral and margin levels are clearly defined throughout, so the experience stays transparent from start to finish. Put your portfolio to work The best financial tools remove tradeoffs that don't need to exist. With Kraken Borrow, selling a position to fund another doesn't have to be your only option. Now, instead of choosing between holding and acting, you can do both. Kraken Borrow is available in the Kraken app for eligible customers. Kraken Borrow is a crypto-collateralized borrowing feature. Borrowing involves risk, including the potential loss of collateral through liquidation if your Loan Maintenance Ratio falls below the required threshold. Interest rates are variable and may change over the life of an open-ended loan. An origination fee of 0.5% applies. Collateral assets are ring-fenced and cannot be withdrawn while a loan is active. Kraken Borrow is not available in all jurisdictions and is not currently available in the US, UK, Canada, Australia, UAE, Brazil, or India. Geographic restrictions and eligibility criteria apply. See https://support.kraken.com/articles/borrow for full terms. These materials are for general information purposes only and are not investment advice or a recommendation or solicitation to buy, sell, stake, or hold any cryptoasset or to engage in any specific trading strategy. Kraken does not and will not work to increase or decrease the price of any particular cryptoasset it makes available. The unpredictable nature of the cryptoasset markets can lead to loss of funds. Tax may be payable on any return and/or on any increase in the value of your cryptoassets and you should seek independent advice on your taxation position.
My favorite Razer Kraken Kitty headset has never been this cheap, but there's less than 50% left of this purr-fectly ridiculous deal
A meowvelous good deal for those after a cute, quality headset Razer is known for its cat-ear headsets, but the Kraken Kitty V3 Pro is the set I'd recommend the most for those after the purrr-fect pair. While the majority of the Kraken Kitty line is full of limiting wired or Bluetooth-only headsets, the Kraken Kitty V3 Pro is the first to bring 2.4GHz into the mix. Its extra wireless options don't make it an entirely no-brainer recommendation as its $179.99 MSRP is a bit much for its boasted features. However, today's discounted $104.99 rate at Amazon feels far more reasonable, especially as it's never been this cheap before. There's always a bit of an assumption that headsets that cater to players with a love of everything cute and cozy must be pretty rubbish, but the Kraken Kitty V3 Pro is proof that's not the case. While it's definitely priced a bit higher than I'd like on a normal discount-free day, this is still a fantastic wireless option. Finding a pair with a trio of connectivity options around the $100 mark isn't a difficult feat, but it's important when you consider that so many of Razer's other pairs aimed at 'cute and cozy' players are usually wired or Bluetooth only. Even the most recently announced Cinnamoroll Edition Razer Kraken Kitty V2 BT pair drops 2.4GHz. Those after a cute pair with customizable Chroma-powered RGB ears deserve to take advantage of a low-latency wireless connection as much as anyone. * Join GamesRadar+ Deals on WhatsApp for our top daily discounts The headset also features the brand's 40 mm Razer TriForce Titanium audio drivers, the very ones found in the Razer Barracuda X Chroma -one of my favorite Razer releases. Amazon states that today's Razer Kraken Kitty V3 Pro headset is a "limited time" deal, and as of typing, 53% of people have already claimed one for their own setups. That's not too surprising given this is the lowest I've ever seen for this headset, which I'm more used to seeing marked down to $129.99, as it was during March earlier this year. But with that in mind, you need to be quick if you want to pick this up for a price that seems more than reasonable for its specs on offer. * View all Razer Kraken Kitty gaming headsets at Amazon If you're not a cat person, I've also rounded up the best PC headsets for gaming, the best PS5 headsets, and the best Xbox Series X headsets for your setup.
Kraken Adds USDT0 On Tempo As Stablecoin Rails Keep Spreading Across Networks
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Kraken Adds USDT0 On Tempo As Stablecoin Rails Keep Spreading Across Networks is a useful reminder that crypto coverage is not only about token prices. Sometimes the more important story is the infrastructure, regulation, security, or product layer sitting underneath the market noise. The immediate point is straightforward: kraken added support for USDT0 deposits and withdrawals on Tempo. That gives readers something concrete to work with, rather than another vague sentiment update. TL;DR * Kraken added support for USDT0 deposits and withdrawals on Tempo. * The integration is aimed at lowering transfer costs and expanding stablecoin access. * It shows exchanges treating network support as part of the stablecoin product experience. Why This Matters Now The timing matters because Kraken is already part of a wider conversation across the market. Traders want to know whether the development changes liquidity or risk. Builders want to know whether it changes what can be deployed. Compliance teams want to know whether it changes how platforms operate. In that sense, the story is bigger than one headline. It sits inside the ongoing shift from speculative crypto cycles toward more practical questions: who can use these systems, how safe are they, and whether the underlying incentives actually work. The best way to read it is with discipline. It is not a guarantee of immediate upside, and it should not be treated as one. But it does add a fresh data point to the way the market is thinking about Kraken. The Kraken Angle For Kraken, the important part is the specific mechanism. If this is a security issue, the risk sits in dependencies and user protection. If it is a listing or product launch, the question is access and liquidity. If it is a governance or research proposal, the question is whether the idea can survive implementation. That is where this update becomes useful. It is not just a label attached to a trend. It gives readers a way to understand what might actually change if the development gains traction. Crypto has a habit of turning every announcement into a broad market claim. This one deserves a narrower read. The value is in seeing how it affects the users, developers, institutions, or traders closest to the issue. The Risk Side There is also a caution attached. Source material can confirm that a development exists, but it cannot prove that adoption will follow. A proposal still needs support. A product still needs users. A chart still needs confirmation. A compliance tool still needs integration. That is why the responsible reading is not to oversell the story. The stronger takeaway is that this adds to a pattern. The crypto market is steadily becoming more professional, more technical, and more sensitive to real operational details. Readers should also watch for follow-up signals. That could mean developer feedback, exchange support, regulatory response, wallet adoption, liquidity data, or simply whether market participants continue reacting after the first headline fades. What Comes Next The next stage will decide whether this remains a narrow update or becomes part of a larger market theme. In crypto, that difference matters. Plenty of stories look important for a few hours and then disappear. The ones that last usually show up again through usage, liquidity, enforcement, governance, or developer adoption. For now, this gives the market another piece of information to weigh. It is specific enough to be useful, but still early enough that readers should keep the caveats in view. That makes it worth covering without pretending it settles anything. The story is a signal, not a final verdict. The key is not to confuse coverage with certainty. Kraken stories can move quickly, especially when they touch security, regulation, listings, infrastructure, or price levels. The useful approach is to track the next confirming detail rather than assume the first update carries the whole market story. That is how traders avoid chasing noise and how readers separate a genuine development from another passing headline. This report is based on information from blog.kraken.com. This article was written by the News Desk and edited by Samuel Rae.
Release The Kraken Genome!
Sailors have told tales of giant tentacled sea monsters for millennia. In ancient times, it was the Kraken. In more recent work, Jules Verne delighted and terrified the public while reading 20,000 Leagues Under The Sea.The monstrous Architeuthis dux, the giant squid, must have been terrifying to ancient mariners. They were the size of modern school buses, never a good thing when you are in a wooden trireme, with eyes as big as dinner plates and tentacles that can snatch prey 10 yards away.During an evolutionary scale when most creatures got smaller, how did this squid get so big?Publication of its full genome sequence may give us clues. Sailors have told tales of giant tentacled sea monsters for millennia. In ancient times, it was the Kraken. In more recent work, Jules Verne delighted and terrified the public while reading 20,000 Leagues Under The Sea. The monstrous Architeuthis dux, the giant squid, must have been terrifying to ancient mariners. They were the size of modern school buses, never a good thing when you are in a wooden trireme, with eyes as big as dinner plates and tentacles that can snatch prey 10 yards away. During an evolutionary scale when most creatures got smaller, how did this squid get so big? Publication of its full genome sequence may give us clues. Release the Kraken genome! Illustration from Jules Verne's 20,000 Leagues Under the Sea. Credit: Alphonse de Neuville A rare sighting now as then Giant squid are rarely sighted and have never been caught and kept alive, meaning their biology (even how they reproduce) is still largely a mystery. The genome sequence can help. "In terms of their genes, we found the giant squid look a lot like other animals. This means we can study these truly bizarre animals to learn more about ourselves," says Dr. Caroline Albertin of the Marine Biological Laboratory (MBL), Woods Hole, who in 2015 led the team that sequenced the first genome of a cephalopod (the group that includes squid, octopus, cuttlefish, and nautilus). The giant squid genome is also big. At around 2.7 billion DNA base pairs, it's about 90 percent the size of the human genome. Important developmental genes in almost all animals (Hox and Wnt) were present in single copies only in the giant squid genome. That means this gigantic, invertebrate creature - long a source of sea-monster lore - did not get so big through whole-genome duplication, a strategy that evolution took long ago to increase the size of vertebrates. Analysis identified more than 100 genes in the protocadherin family -- typically not found in abundance in invertebrates -- in the giant squid genome. Protocadherins are thought to be important in wiring up a complicated brain correctly and were thought to be a vertebrate innovation. Albertin says they were really intrigued to find more than 100 of them in the octopus genome (in 2015). That seemed like a smoking gun to how you make a complicated brain. They found a similar expansion of protocadherins in the giant squid, as well. The team also analyzed a gene family that (so far) is unique to cephalopods, called reflectins. "Reflectins encode a protein that is involved in making iridescence. Color is an important part of camouflage, so we are trying to understand what this gene family is doing and how it works," Albertin says. So how did it get so big? "A genome is a first step for answering a lot of questions about the biology of these very weird animals," Albertin said, such as how they acquired the largest brain among the invertebrates, their sophisticated behaviors and agility, and their incredible skill at instantaneous camouflage. "While cephalopods have many complex and elaborate features, they are thought to have evolved independently of the vertebrates. By comparing their genomes we can ask, 'Are cephalopods and vertebrates built the same way or are they built differently?'"
Kraken rolls out Mastercard crypto debit card in UK and Europe
The exchange's new card lets users spend from over 600 crypto and cash balances at 150 million merchants, with up to 2% cash back in Bitcoin. Kraken just made it possible to buy your morning coffee with Dogecoin. Whether that's progress or a sign of the end times depends on your perspective, but the exchange officially launched the Kraken Card on July 13, a Mastercard-enabled debit card available to verified users across the UK and European Economic Area. The card supports spending from more than 600 crypto and cash balances held on Kraken's platform, with near real-time conversion at the point of sale. It works at over 150 million merchants worldwide. No monthly fees, no forex fees, and cash-back rewards of up to 2% paid in Bitcoin, euros, or pounds sterling. From exchange to neobank This launch has been a slow build. Kraken first announced its partnership with Mastercard back in April 2025, laying the groundwork for crypto-linked payment products. The initial rollout came in November 2025 with a more modest 1% cash-back structure tied to Kraken's peer-to-peer payment features. The July 2026 version is the full package. Both physical and virtual card options are available, issued through Monavate, an FCA-authorized provider. In English: instead of selling your Bitcoin on an exchange, withdrawing to a bank account, waiting two days, and then spending those funds, you just tap the card and Kraken handles the conversion instantly. The bigger picture: crypto meets traditional finance Competitors have been circling this space too. Coinbase has had its own Visa-linked card for years. Crypto.com built an entire brand identity around its metal cards. But Kraken's version stands out in a couple of ways: the sheer breadth of supported assets (600-plus is significantly more than most competitors offer) and the 2% cash-back tier, which is competitive with many traditional rewards cards, not just crypto ones. The geographic focus is also notable. By targeting the UK and EEA specifically, Kraken is leaning into markets where crypto regulation has become increasingly clear under frameworks like MiCA in the EU. What this means for investors The cash-back structure is worth watching closely. Offering up to 2% back in Bitcoin creates a passive accumulation mechanism for users who might not otherwise buy Bitcoin directly. The risk side is straightforward. Tax reporting on crypto-to-fiat conversions at point of sale remains a headache in many jurisdictions, and users will need to understand that every coffee purchase could technically be a taxable event depending on local rules. Kraken's partnership with FCA-authorized Monavate helps on the compliance front, but tax treatment ultimately sits with the user.
Kraken rolls out Mastercard crypto debit card in UK and Europe
Kraken has launched a Mastercard debit card in the UK and Europe, allowing users to spend from a wide range of cryptocurrency and cash balances. The crypto exchange said the card can be used for everyday purchases online and in stores wherever Mastercard is accepted. Users can pay from more than 600 supported crypto and cash currency balances. The funds are converted in near real time at the point of purchase. Kraken said the card offers up to 2% cashback, paid weekly in Bitcoin, euros or pounds. It also said there are no transaction or ATM fees. The product is being introduced first in the UK and the European Economic Area (EEA), with other markets expected to follow "soon," according to the company. In the UK, the Kraken Card is issued by Monavate, which is authorised by the Financial Conduct Authority (FCA) to carry out electronic money activities and related payment services. In the EEA, the card is issued by UAB Monavate, which is authorised by the Bank of Lithuania. The launch forms part of Kraken's broader effort to develop a "holistic financial offering". The company is also redesigning its app to include more personalised features and a more intuitive interface. The card launch follows a recent agreement by Kraken parent Payward to acquire Reap Technologies in a $600m deal. Reap Technologies focuses on stablecoin-based card issuing and payments infrastructure. The company has developed a card issuing and cross-border payments platform linking traditional financial systems with digital assets for global business payments. Kamo Asatryan, global head of consumer at Kraken and chief AI and data officer of Payward, said: "People shouldn't have to worry about where their money is sitting before they spend it. Our customers already earn, save, invest, and trade with Kraken. "The Kraken Card adds 'spend' to that list, bringing it all together into one experience that just works." "Kraken rolls out Mastercard crypto debit card in UK and Europe" was originally created and published by Electronic Payments International, a GlobalData owned brand.
Kraken rolls out Mastercard crypto debit card in UK and Europe
Kraken has launched a Mastercard debit card in the UK and Europe, allowing users to spend from a wide range of cryptocurrency and cash balances. The crypto exchange said the card can be used for everyday purchases online and in stores wherever Mastercard is accepted. Users can pay from more than 600 supported crypto and cash currency balances. The funds are converted in near real time at the point of purchase. Kraken said the card offers up to 2% cashback, paid weekly in Bitcoin, euros or pounds. It also said there are no transaction or ATM fees. The product is being introduced first in the UK and the European Economic Area (EEA), with other markets expected to follow "soon," according to the company. In the UK, the Kraken Card is issued by Monavate, which is authorised by the Financial Conduct Authority (FCA) to carry out electronic money activities and related payment services. In the EEA, the card is issued by UAB Monavate, which is authorised by the Bank of Lithuania. The launch forms part of Kraken's broader effort to develop a "holistic financial offering". The company is also redesigning its app to include more personalised features and a more intuitive interface. The card launch follows a recent agreement by Kraken parent Payward to acquire Reap Technologies in a $600m deal. Reap Technologies focuses on stablecoin-based card issuing and payments infrastructure. The company has developed a card issuing and cross-border payments platform linking traditional financial systems with digital assets for global business payments. Kamo Asatryan, global head of consumer at Kraken and chief AI and data officer of Payward, said: "People shouldn't have to worry about where their money is sitting before they spend it. Our customers already earn, save, invest, and trade with Kraken. "The Kraken Card adds 'spend' to that list, bringing it all together into one experience that just works."
Crypto Exchanges Close the Gap to Wall Street as MEXC Logs 7.1 Billion in SpaceX Futures
The build-out is happening almost entirely offshore, with US retail locked out and MEXC still operating in Europe without a MiCA license. Crypto exchange MEXC said today (Tuesday) that perpetual futures tied to SpaceX shares drew more than 7.1 billion USDT in trading volume in the weeks after the rocket company listed on June 12. The figure comes from the exchange's own second-quarter report and has not been independently audited. Users could subscribe to SpaceX before it went public, trade futures on it afterward, hold a tokenized version, and buy the actual share, without ever leaving the platform. MEXC ran two SPACEX(PRE) subscription rounds while the company was still private, collecting over 173 million USDT from more than 74,000 entries, the report said. One name went from private to publicly traded inside a single quarter, and MEXC sold a product at every stage of the journey. RealStocks, which went live June 1, supplied the last piece. The service routes orders for actual US shares and ETFs through a licensed securities broker partner, giving buyers dividends rather than price exposure alone. The exchange has still not named the broker, disclosed custody arrangements, or explained how the USDT-to-dollar conversion is priced. More than 120,000 users signed up in the first month and 52% of them funded an account, according to the company. By June 18, it had settled dividends on 34 stocks and ETFs. Stock futures carried much of the equity flow. Micron's June earnings lifted MU futures volume on the platform by roughly 142% in a single day, MEXC said, with activity spilling into SanDisk, SK hynix and a DRAM ETF. "Q2 put real numbers behind the word gateway," said Vugar Usi, who took over as chief executive during the quarter. Binance, Kraken and Coinbase Are Building the Same Thing Binance opened access to roughly 7,000 US stocks on June 1, the same day RealStocks launched. Orders are arranged through broker-dealer Nest Trading, with Alpaca handling custody, dividends and corporate actions, and fractional purchases start at $5, funded in USDC, USDT or BNB. Kraken went the tokenized route instead. Its xStocks brand passed $25 billion in cumulative transaction volume in under eight months, listed on Deutsche Börse's 360X venue, and now accounts for eight of the eleven largest tokenized equities. Coinbase has described its own version of the plan as an "Everything Exchange" covering crypto, stocks, derivatives and event contracts. Prediction markets are the other shared front. MEXC opened a zero-fee event contract platform in March and added multi-outcome Combo positions on June 9. Average daily volume there rose more than 6,700% between early and late June, the company said, off a starting base it did not disclose. Traffic Runs Both Ways as Brokers Copy the Perpetual The borrowing is not one-directional. On Monday, Pepperstone said it would extend its perpetual CFD range beyond SpaceX into metals, stock indices and energy, with gold, silver, Nasdaq, S&P 500, WTI and Brent versions listed as planned. The perpetual, a contract with no expiry that uses periodic funding payments to stay near the underlying, began life in crypto and is now being fitted onto shares and commodities inside a regulated CFD wrapper. "We believe perpetual markets will become a standard feature of modern finance," Pepperstone group chief executive Tamas Szabo said. European regulators have already told firms that perpetual futures fall under EU CFD rules, which drags the format inside the same retail leverage caps that MEXC's offshore version sits outside. The Refund the Report Does Not Mention MEXC's Launchpad section says SPACEX(PRE) traded 12% above its subscription price at listing and reached a 38% peak return. It says nothing about refunds. On June 12, MEXC cancelled tokenized SpaceX allocations and returned money to subscribers, along with Binance, Bybit and Bitget Wallet, after xStocks failed to source the underlying shares. All four had been reselling access to allocations that Kraken's tokenization arm promised to procure, and when that single supplier came up empty, so did everyone hanging off it. Demand was never the constraint. Binance's campaign drew more than $557 million in USDC before it was pulled, and MEXC's first round ran 15.5 times oversubscribed. The shares just never showed up. US Retail Stays Outside the Perimeter None of this touches American investors. Tokenized equity products are closed to US persons, and Kraken's SpaceX token also excluded users in the UK, Canada and Australia. Europe is narrowing as well. MEXC entered July without a MiCA license and without any public update on its application, and its published list of restricted jurisdictions, last revised in May, does not include EU member states. Hong Kong's securities regulator put the exchange on its warning list over unlicensed activity in 2024. MEXC put its June reserve ratio at 156.5% across major assets, with bitcoin backed at 269%, and said its futures insurance fund hit $753 million in July. Both numbers are the exchange's own, and neither has been verified by an outside auditor.
Kraken to rebuild mobile app around AI trading agents - Cryptopolitan
It puts Kraken alongside Gemini, Coinbase, Binance, and OKX in a race to increasingly merge AI into crypto trading. Crypto exchange Kraken has announced that it will relaunch its mobile app with autonomous AI agents integrated, giving retail traders software that can observe the markets and place orders on their behalf. The plan was announced in a company blog post and will involve a complete revamp of the existing app instead of a regular update to the existing one. "Unlike other trading platforms, this won't be an AI assistant or a copilot bolted onto the old version of the app," the post reads. "The financial intelligence is built into the fabric of Kraken itself. That's what will make it feel alive." Agentic AI gains more traction The agents will be able to track conditions across markets, recommend trades, and execute them without requiring a user to supervise or approve every single action. The bots can also act on user prompts and adjust based on how earlier decisions played out. The user sets a goal for the agents, and the app organizes itself around this goal, all while running in the background, Kraken explained. The exchange also emphasized that the user keeps the final say on each trade. The statement also mentioned in-built risk management features tied to a user's preset risk tolerance, a standard feature across the AI trading tools that are being released in recent days. The company noted that AI-generated recommendations for trading carry risk, which includes the loss of capital, and are not guaranteed to work for every individual. Kraken also stated that in the U.S., advice on crypto assets comes from Payward Interactive, Inc., while advice on securities comes from Kraken Adviser LLC, an SEC-registered investment adviser. Kraken joins the AI agent industry race Kraken is joining up with other crypto institutions in leaning on AI agents. Gemini opened its platform and APIs to users' AI agent setups in April, while Coinbase used a June product event to preview Coinbase Advisor, an SEC-registered, AI-powered financial adviser. OKX and Binance have also added AI features of their own. However, Kraken is the first major exchange to place AI agents at the center of its application instead of simply as a feature. This shift could point to a new age where exchanges reposition themselves from simple buy-and-sell platforms into more extensive financial software. It comes with obvious risks, however, as autonomous systems can increase losses by a huge margin, and competing agents trading based off the same signals raise the odds of flash crashes in the market. Regulators continue to work out how existing rules apply when an AI agent is making the trading decisions. The app relaunch is coming during a busy stretch for Kraken. The exchange has rolled out crypto perpetual futures in the US and added Solana DEX trading through its main app. The company has also started preparations for a possible public listing since last year.
Kraken Tether Gold Listing Adds A Commodity-Backed Twist To Crypto Trading Menus
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Kraken Tether Gold Listing Adds A Commodity-Backed Twist To Crypto Trading Menus is the kind of crypto story that looks simple at headline level but becomes more useful once you place it inside the wider market backdrop. Not every exchange listing is about high-beta speculation. Some are about giving traders more ways to express older market views on newer rails. The reason it deserves attention today is not that one announcement or filing magically changes the whole market. It is that the update adds another data point to a sector still trying to work out where capital, users, and regulation are actually moving. For more details, visit the official Kraken platform. TL;DR * Kraken listed a Tether Gold-linked asset for trading. * The listing gives users more access to commodity-backed digital assets. * Gold-backed tokens sit at the intersection of crypto rails and traditional safe-haven narratives. Why Access And Liquidity Matter Gold-backed tokens appeal to users who want exposure to commodity-linked assets without leaving crypto infrastructure. Kraken's listing expands the menu for traders who already use the exchange for spot markets. Exchange updates are easy to dismiss until they change where liquidity actually sits. Listings, margin support, fee changes, and trading-pair expansions all affect how quickly capital can move into a sector. That matters for assets trying to graduate from niche attention to broader market participation. The Bigger Exchange Strategy The key question is whether demand for tokenized commodity exposure grows beyond a niche audience. The immediate impact is usually felt in access and liquidity rather than fundamentals. Still, access is not a small thing. The easier an asset is to trade on major venues, the easier it becomes for narratives to turn into measurable volume. For Bitcoinist readers, the practical takeaway is to avoid treating this as an isolated headline. The stronger read is to connect it with the current market environment: liquidity is still selective, regulatory pressure has not disappeared, and the projects that keep shipping useful updates are the ones most likely to hold attention when the cycle gets noisy. That does not mean the story should be stretched beyond what the source supports. The cleaner approach is to keep the facts tight, explain the mechanism, and show readers why it may matter if follow-up data confirms the same direction over the next few sessions. In other words, this is a development to watch rather than a guaranteed turning point. Crypto moves quickly, but the useful signals are usually the ones that still make sense after the first reaction fades. The important thing for readers is context. A single development rarely defines the market on its own, but a series of source-backed updates can show where momentum is building. That is why this article keeps the focus on the specific mechanism in play, the source behind it, and the reason traders or builders may care today. This article is based on information from blog.kraken.com. This article was written by the News Desk and edited by Samuel Rae.
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. More From Cryptoprowl: 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.
Kraken launches AI investing assistant to challenge traditional advisors
Kraken has launched an AI-powered investing assistant that delivers personalized portfolio recommendations and market insights while keeping final trading decisions in users' hands. According to Kraken, the new mobile experience replaces a trading-first interface with a goal-based approach that asks users about their financial objectives before suggesting investments. Instead of requiring customers to navigate charts and order books, the platform customizes recommendations around targets such as buying a home, building an emergency fund, or saving for retirement. The exchange said its "financial intelligence" system continuously tracks market conditions, identifies potential investment opportunities, and recommends trades, but does not execute transactions on its own. Every suggested trade requires user approval before it is placed, with Kraken describing the feature as a decision-support tool rather than an autonomous trading system. According to CNBC, the assistant also considers a user's risk tolerance, funding preferences, and financial profile to generate a suggested portfolio. Users can modify those recommendations before investing, while the app continues providing portfolio updates and tailored investment ideas based on their existing holdings. Commenting on the launch in an interview with CNBC, Kraken chief data officer Kamo Asatryan said the technology is intended to give everyday investors access to market awareness comparable to the exchange's most active traders by continuously monitoring markets and surfacing trading opportunities. "[T]here's an opportunity for everyday people to become high-frequency traders and do so using plain English." AI tools are becoming a new battleground for crypto exchanges Kraken's latest rollout comes as cryptocurrency exchanges increasingly compete by embedding AI assistants into trading platforms instead of limiting users to traditional exchange interfaces. Earlier in June, OKX introduced a beta marketplace that allows AI agents to complete onchain tasks, build blockchain-based reputations, and transact autonomously. During the same month, Coinbase launched a tool that enables AI agents to make payments and trade cryptocurrencies on behalf of users through its x402 payments protocol. Supporting that trend, blockchain analytics firm Chainalysis reported last month that agentic payment activity on Coinbase's Base network had exceeded 100 million transactions. According to the report, although transaction growth has moderated, the average value of transfers has increased, suggesting AI-driven payments are expanding beyond low-value experiments into more meaningful financial activity. Human approval remains central to AI-assisted investing While exchanges are adding more AI capabilities, they continue to keep users in control of trade execution. On Friday, fintech company Revolut expanded its Revolut X exchange by allowing customers to connect external AI assistants including Claude, Gemini, Cursor, and OpenClaw. According to the company, those assistants can analyze markets, backtest trading strategies, and submit trading instructions using natural-language prompts. Like Kraken's platform, Revolut requires users to review and approve every order before execution rather than allowing AI systems to trade independently. Across these products, companies are positioning AI as a research and portfolio management assistant instead of giving automated agents unrestricted authority over customer funds.
