Kraken Rolls Out AI Investing Assistant for Cryptocurrency Users

Kraken is expanding its services beyond cryptocurrency trading by adding an AI-powered investing assistant to its app.

The new feature uses machine learning algorithms to suggest trades based on users' financial goals, risk level, and financial profile.

Users can set specific objectives such as buying a home, saving for retirement, or building an emergency fund before receiving personalized recommendations.

Kraken Chief Data Officer Kamo Asatryan said the AI assistant allows everyday people to become high-frequency traders using plain English.

The AI watches markets, identifies opportunities, and suggests trades, but users must approve every transaction.