Kraken introduced smart trading, competing for Robinwood

Kraken announced that its mobile applications would be re-engineered around artificial intelligence tools, introducing smart transactions, personalizing the portfolio and recommending transactions. This redesign was announced by the Exchange on 10 July, targeting users who find the traditional interface difficult to manage. Kraken indicated that users would first need to enter financial objectives, preferences and existing hold and that the application would adjust the interface and investment plans based on these inputs. The system will monitor the market and identify actions consistent with each user plan. According to Kamo Asatryan, Chief Data Officer in Kraken, the system is designed to provide a wider range of ongoing market monitoring for ordinary users. While Kraken ' s design did not confer autonomous enforcement authority, its system would analyse the financial profile, present the portfolio and provide updates after the investment。