Kraken launches AI-powered trading, betting on automation to enhance retail trading capabilities

According to CNBC, Kraken plans to launch a trading feature centered around AI agents (agentic trading) in its app, allowing users to automatically monitor the market, discover opportunities, and execute trades through natural language commands. This feature utilizes AI during the account opening process to assess users' risk preferences, sources of funds, and financial status, generating a portfolio for users to adjust and confirm. It will subsequently provide portfolio-related information and rebalancing suggestions. Kraken stated that AI agents will help non-professional users participate in the market in a manner close to high-frequency and professional traders, and will be part of its strategy to extend into broader financial services such as payments, banking, and lending, integrating stablecoins and asset tokenization.