AI Agent · OKX · Cointelegraph
Kraken to overhaul app with AI investing assistant
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The redesigned app will use AI to recommend trades and tailor investing tools around users' financial goals as Kraken expands into broader financial services.
Key facts
- In June, OKX launched a beta marketplace where AI agents can transact autonomously, complete onchain tasks and build blockchain-based reputations
- Last month, Chainalysis reported that agentic payment activity on Coinbase's Base network had surpassed 100 million transactions
- The redesigned app will use AI to recommend trades and tailor investing tools around users' financial goals as Kraken expands into broader financial services
- Crypto exchange Kraken is adding AI-powered financial tools to its mobile app as exchanges increasingly compete to offer personalized investing tools beyond basic trading features
Summary
Crypto exchange Kraken is adding AI-powered financial tools to its mobile app as exchanges increasingly compete to offer personalized investing tools beyond basic trading features. According to a company announcement, users will begin by setting financial goals and preferences, allowing the app to tailor its interface and recommendations around those objectives rather than requiring customers to navigate complex trading tools. Kraken said its "financial intelligence" continuously monitors markets, identifies investment opportunities and recommends trades, but does not execute transactions autonomously. The app then uses that information, along with a user's risk tolerance, funding preferences and financial profile, to generate a suggested portfolio for users to review and adjust before investing.