Kraken Relaunches Mobile App with AI-Powered Agentic Trading
Kraken is enhancing its mobile application by integrating advanced artificial intelligence, enabling users to utilize AI agents that track market trends, spot investment prospects, and perform real-time trades. Kamo Asatryan, the Chief Data Officer, seeks to connect retail investors with professional traders. The app adapts to user objectives and creates preliminary portfolios, offering AI-generated insights, although trades must be confirmed by the user. Advisory services are divided between Payward Interactive, Inc. for U.S. cryptocurrency guidance and Kraken Adviser LLC for securities. Established in 2011, Kraken submitted a draft S-1 to the SEC in November 2025, aiming for a Q1 2026 public offering. Co-CEO Arjun Sethi stated the company is 80% prepared for the listing, with competitors such as Gemini and Coinbase.
Key facts
- Kraken is rebuilding its mobile app around agentic AI for trading.
- AI agents will monitor markets, identify opportunities, and execute trades in real time.
- Kamo Asatryan is Kraken's Chief Data Officer.
- The app uses AI to learn user goals and build a draft portfolio.
- Trades require explicit user confirmation; the system is not fully autonomous.
- U.S. crypto-asset advice comes through Payward Interactive, Inc.; securities advice through Kraken Adviser LLC (SEC-registered).
- Kraken confidentially filed a draft S-1 with the SEC in November 2025.
- Kraken's valuation slipped to ~$13.3 billion after a $200 million investment from Deutsche Börse in April 2026.
- Co-CEO Arjun Sethi said in May 2026 the company was 80% ready to list.
- Gemini opened its platform to AI agents in April 2026.
- Coinbase launched agentic trading support and 'Coinbase Advisor' in June 2026.
- Bitget upgraded its Agent Hub in March 2026.
- Analysts warn of risks like amplified losses and flash crashes from AI agents.
- Regulators are still determining how trading rules apply to AI agents.
Entities
Institutions
- Kraken
- CNBC
- Payward Interactive, Inc.
- Kraken Adviser LLC
- SEC
- Deutsche Börse
- Gemini
- Coinbase
- Bitget
- NFT Plazas
Locations
- United States