• bitcoinBitcoin (BTC) $ 62,030.00
  • ethereumEthereum (ETH) $ 3,020.39
  • tetherTether (USDT) $ 1.00
  • bnbBNB (BNB) $ 544.41
  • solanaSolana (SOL) $ 133.83
  • usd-coinUSDC (USDC) $ 1.00
  • staked-etherLido Staked Ether (STETH) $ 3,013.82
  • xrpXRP (XRP) $ 0.492324
  • the-open-networkToncoin (TON) $ 6.27
  • dogecoinDogecoin (DOGE) $ 0.147113
  • cardanoCardano (ADA) $ 0.447703
  • avalanche-2Avalanche (AVAX) $ 34.77
  • shiba-inuShiba Inu (SHIB) $ 0.000022
  • tronTRON (TRX) $ 0.109708
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 61,918.00
  • bitcoin-cashBitcoin Cash (BCH) $ 483.58
  • polkadotPolkadot (DOT) $ 6.65
  • chainlinkChainlink (LINK) $ 13.29
  • matic-networkPolygon (MATIC) $ 0.673233
  • litecoinLitecoin (LTC) $ 82.12
  • nearNEAR Protocol (NEAR) $ 5.67
  • internet-computerInternet Computer (ICP) $ 12.05
  • leo-tokenLEO Token (LEO) $ 5.85
  • uniswapUniswap (UNI) $ 7.01
  • daiDai (DAI) $ 1.00
  • aptosAptos (APT) $ 9.19
  • ethereum-classicEthereum Classic (ETC) $ 25.79
  • first-digital-usdFirst Digital USD (FDUSD) $ 1.00
  • mantleMantle (MNT) $ 1.14
  • blockstackStacks (STX) $ 2.36
  • okbOKB (OKB) $ 55.45
  • crypto-com-chainCronos (CRO) $ 0.121962
  • filecoinFilecoin (FIL) $ 5.89
  • cosmosCosmos Hub (ATOM) $ 8.12
  • stellarStellar (XLM) $ 0.109151
  • arbitrumArbitrum (ARB) $ 1.13
  • render-tokenRender (RNDR) $ 7.76
  • bittensorBittensor (TAO) $ 450.77
  • makerMaker (MKR) $ 3,160.58
  • hedera-hashgraphHedera (HBAR) $ 0.079867
  • vechainVeChain (VET) $ 0.038372
  • immutable-xImmutable (IMX) $ 1.92
  • kaspaKaspa (KAS) $ 0.118135
  • dogwifcoindogwifhat (WIF) $ 2.45
  • injective-protocolInjective (INJ) $ 26.43
  • ethena-usdeEthena USDe (USDE) $ 1.00
  • optimismOptimism (OP) $ 2.21
  • the-graphThe Graph (GRT) $ 0.243446
  • wrapped-eethWrapped eETH (WEETH) $ 3,121.81
  • moneroMonero (XMR) $ 116.48
  • pepePepe (PEPE) $ 0.000005
  • fetch-aiFetch.ai (FET) $ 1.96
  • theta-tokenTheta Network (THETA) $ 2.03
  • fantomFantom (FTM) $ 0.662632
  • coredaoorgCore (CORE) $ 2.08
  • bitget-tokenBitget Token (BGB) $ 1.29
  • lido-daoLido DAO (LDO) $ 1.97
  • celestiaCelestia (TIA) $ 9.65
  • rocket-pool-ethRocket Pool ETH (RETH) $ 3,330.54
  • suiSui (SUI) $ 1.23
  • arweaveArweave (AR) $ 24.16
  • galaGALA (GALA) $ 0.041313
  • thorchainTHORChain (RUNE) $ 4.55
  • mantle-staked-etherMantle Staked Ether (METH) $ 3,106.44
  • quant-networkQuant (QNT) $ 102.45
  • sei-networkSei (SEI) $ 0.495167
  • algorandAlgorand (ALGO) $ 0.169313
  • whitebitWhiteBIT Coin (WBT) $ 9.25
  • beam-2Beam (BEAM) $ 0.025365
  • flokiFLOKI (FLOKI) $ 0.000135
  • bitcoin-svBitcoin SV (BSV) $ 66.12
  • zebec-protocolZebec Protocol (ZBC) $ 0.025324
  • flowFlow (FLOW) $ 0.852464
  • jupiter-exchange-solanaJupiter (JUP) $ 0.942514
  • ethenaEthena (ENA) $ 0.886561
  • aaveAave (AAVE) $ 84.88
  • flare-networksFlare (FLR) $ 0.031746
  • neoNEO (NEO) $ 17.24
  • bittorrentBitTorrent (BTT) $ 0.000001
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 3,009.25
  • ondo-financeOndo (ONDO) $ 0.770601
  • ribbon-financeRibbon Finance (RBN) $ 1.12
  • tokenize-xchangeTokenize Xchange (TKX) $ 13.58
  • elrond-erd-2MultiversX (EGLD) $ 40.44
  • singularitynetSingularityNET (AGIX) $ 0.818111
  • wormholeWormhole (W) $ 0.561893
  • dydx-chaindYdX (DYDX) $ 2.16
  • axie-infinityAxie Infinity (AXS) $ 6.92
  • ecasheCash (XEC) $ 0.000050
  • the-sandboxThe Sandbox (SAND) $ 0.429160
  • roninRonin (RON) $ 3.07
  • chilizChiliz (CHZ) $ 0.107708
  • bonkBonk (BONK) $ 0.000014
  • tezosTezos (XTZ) $ 0.952109
  • worldcoin-wldWorldcoin (WLD) $ 4.86
  • havvenSynthetix Network (SNX) $ 2.77
  • conflux-tokenConflux (CFX) $ 0.230070
  • starknetStarknet (STRK) $ 1.23
  • ordinalsORDI (ORDI) $ 42.20
  • cheeleeCheelee (CHEEL) $ 15.45
  • akash-networkAkash Network (AKT) $ 3.79
  • jasmycoinJasmyCoin (JASMY) $ 0.017892
  • gatechain-tokenGate (GT) $ 6.45
  • pyth-networkPyth Network (PYTH) $ 0.571554
  • gnosisGnosis (GNO) $ 328.42
  • eosEOS (EOS) $ 0.733145
  • mina-protocolMina Protocol (MINA) $ 0.768508
  • nervos-networkNervos Network (CKB) $ 0.018869
  • msolMarinade staked SOL (MSOL) $ 158.02
  • kucoin-sharesKuCoin (KCS) $ 8.32
  • decentralandDecentraland (MANA) $ 0.425595
  • apecoinApeCoin (APE) $ 1.23
  • axelarAxelar (AXL) $ 1.19
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 3,039.49
  • usddUSDD (USDD) $ 0.982427
  • kavaKava (KAVA) $ 0.651578
  • iotaIOTA (IOTA) $ 0.218196
  • dexeDeXe (DEXE) $ 12.07
  • heliumHelium (HNT) $ 4.16
  • nexoNEXO (NEXO) $ 1.21
  • pancakeswap-tokenPancakeSwap (CAKE) $ 2.71
  • frax-etherFrax Ether (FRXETH) $ 3,004.20
  • dydxdYdX (ETHDYDX) $ 2.16
  • aioz-networkAIOZ Network (AIOZ) $ 0.616581
  • echelon-primeEchelon Prime (PRIME) $ 17.68
  • aerodrome-financeAerodrome Finance (AERO) $ 1.59
  • fraxFrax (FRAX) $ 1.00
  • klay-tokenKlaytn (KLAY) $ 0.179455
  • swethSwell Ethereum (SWETH) $ 3,167.71
  • bitcoin-goldBitcoin Gold (BTG) $ 35.09
  • lido-staked-solLido Staked SOL (STSOL) $ 156.81
  • oasis-networkOasis Network (ROSE) $ 0.090241
  • osmosisOsmosis (OSMO) $ 0.901930
  • tether-goldTether Gold (XAUT) $ 2,384.03
  • dymensionDymension (DYM) $ 3.57
  • pendlePendle (PENDLE) $ 6.03
  • blurBlur (BLUR) $ 0.376137
  • corgiaiCorgiAI (CORGIAI) $ 0.001688
  • terra-lunaTerra Luna Classic (LUNC) $ 0.000099
  • coinbase-wrapped-staked-ethCoinbase Wrapped Staked ETH (CBETH) $ 3,210.36
  • illuviumIlluvium (ILV) $ 87.45
  • fasttokenFasttoken (FTN) $ 1.79
  • theta-fuelTheta Fuel (TFUEL) $ 0.084258
  • mantra-daoMANTRA (OM) $ 0.674795
  • astarAstar (ASTR) $ 0.097614
  • sats-ordinalsSATS (Ordinals) (SATS) $ 0.00000026
  • radixRadix (XRD) $ 0.051609
  • based-brettBrett (BRETT) $ 0.063707
  • mx-tokenMX (MX) $ 5.34
  • woo-networkWOO (WOO) $ 0.282209
  • wemix-tokenWEMIX (WEMIX) $ 1.45
  • true-usdTrueUSD (TUSD) $ 1.00
  • xdce-crowd-saleXDC Network (XDC) $ 0.036819
  • curve-dao-tokenCurve DAO (CRV) $ 0.429853
  • ocean-protocolOcean Protocol (OCEAN) $ 0.835302
  • book-of-memeBOOK OF MEME (BOME) $ 0.009006
  • staked-frax-etherStaked Frax Ether (SFRXETH) $ 3,263.49
  • iotexIoTeX (IOTX) $ 0.051707
  • skaleSKALE (SKL) $ 0.090204
  • altlayerAltLayer (ALT) $ 0.366896
  • enjincoinEnjin Coin (ENJ) $ 0.318324
  • 1inch1inch (1INCH) $ 0.388713
  • apenftAPENFT (NFT) $ 0.00000045
  • stepnGMT (GMT) $ 0.229474
  • pax-goldPAX Gold (PAXG) $ 2,407.21
  • manta-networkManta Network (MANTA) $ 1.77
  • polymeshPolymesh (POLYX) $ 0.421793
  • trust-wallet-tokenTrust Wallet (TWT) $ 1.03
  • zilliqaZilliqa (ZIL) $ 0.023413
  • cat-in-a-dogs-worldcat in a dogs world (MEW) $ 0.004757
  • ankrAnkr Network (ANKR) $ 0.042464
  • superfarmSuperVerse (SUPER) $ 0.942029
  • ethereum-name-serviceEthereum Name Service (ENS) $ 13.45
  • memecoin-2Memecoin (MEME) $ 0.025105
  • celoCelo (CELO) $ 0.776081
  • terra-luna-2Terra (LUNA) $ 0.595833
  • 0x0x Protocol (ZRX) $ 0.484277
  • pups-ordinalsPUPS (Ordinals) (PUPS) $ 52.38
  • rocket-poolRocket Pool (RPL) $ 20.02
  • amp-tokenAmp (AMP) $ 0.007229
  • aelfaelf (ELF) $ 0.553664
  • jeo-bodenJeo Boden (BODEN) $ 0.577920
  • compound-wrapped-btccWBTC (CWBTC) $ 1,244.87
  • ether-fiEther.fi (ETHFI) $ 3.47
  • siacoinSiacoin (SC) $ 0.006933
  • ethereum-pow-iouEthereumPoW (ETHW) $ 3.66
  • ravencoinRavencoin (RVN) $ 0.028679
  • qtumQtum (QTUM) $ 3.74
  • holotokenHolo (HOT) $ 0.002157
  • frax-shareFrax Share (FXS) $ 4.84
  • raydiumRaydium (RAY) $ 1.45
  • biconomyBiconomy (BICO) $ 0.497100
  • stader-ethxStader ETHx (ETHX) $ 3,092.18
  • safepalSafePal (SFP) $ 0.791427
  • compound-governance-tokenCompound (COMP) $ 53.14
  • origintrailOriginTrail (TRAC) $ 0.894615
  • livepeerLivepeer (LPT) $ 11.41
  • casper-networkCasper Network (CSPR) $ 0.029982
  • project-galaxyGalxe (GAL) $ 3.40
  • basic-attention-tokenBasic Attention (BAT) $ 0.237698

Kraken CTO on How AI Can Help Crypto Companies and Their Employees

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Kraken’s Chief Technology Officer, Vishnu Patankar, recently discussed the significant impact of artificial intelligence (AI) on the cryptocurrency industry, emphasizing its potential to resolve scalability challenges inherent to the sector. As outlined by Patankar, the crypto industry’s volatility and the constant demand placed on core operational functions such as account sign-ups, client responses, and token listings make traditional hiring models inefficient.

Patankar notes that the rapid pace and startup nature of the crypto space often result in high turnover rates and elevated operational costs, exacerbated by the industry’s competitive hiring environment. According to the Kraken CTO, these dynamics underscore the limitations of traditional hiring in meeting immediate labor demands, particularly during peak periods of activity.

Highlighting AI’s benefits, Patankar argues that AI can automate repetitive tasks, enhancing efficiency while reducing human error. Kraken, as per Patankar’s report, has already witnessed a 30% increase in operational efficiency since integrating AI into client engagement operations, demonstrating AI’s capability to scale in response to market demands without the delays associated with conventional hiring processes.

Moreover, Patankar points out AI’s proficiency in compliance tasks, such as performing initial Know Your Customer (KYC) checks and monitoring platform activity for suspicious behavior. This, he suggests, is crucial for maintaining the integrity of the crypto ecosystem and ensuring its safety for participants.

In the realm of product development, Patankar emphasizes AI’s role in streamlining user experience research (UXR), facilitating quicker product iteration and better alignment with client needs. This application of AI not only accelerates the development lifecycle but also underscores the technology’s potential to significantly impact product innovation.

Addressing concerns over AI’s impact on employment, Patankar reassures that AI’s integration into the crypto industry is transforming rather than eliminating human roles. Employees are shifting towards positions that complement AI, such as AI-model training, highlighting the synergistic relationship between human expertise and AI capabilities.

Drawing parallels with historical and technological innovations, Patankar argues that AI should be viewed as an augmentation rather than a replacement for human intelligence. He asserts that AI’s role is to enhance efficiency and innovation within crypto companies, thereby creating new job opportunities and contributing to the industry’s growth.

Featured Image via Pixabay

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