Kraken, a well-known cryptocurrency exchange, has announced its acquisition of Israeli firm Capitalise.ai, which specializes in no-code trading automation. This strategic move aims to expand capabilities for both retail and institutional traders.
Goals of Acquisition
The acquisition of Capitalise.ai aims to democratize access to advanced trading tools. Kraken intends to integrate this new technology into Kraken Pro by 2025, enabling clients to effectively implement their trading ideas.
Key Figures and Technologies
Shannon Kurtas, Head of Exchange at Kraken, emphasized that this acquisition will provide clients with a powerful tool to quickly test and optimize trading strategies. Key staff from Capitalise.ai, including co-founders Amir Shiovich and Shahar Rabin, will join the Kraken team.
Market Context and Future
Currently, there have been no noticeable changes in liquidity metrics or the market overall following the acquisition announcement. However, the integration of no-code trading automation aligns with the growing interest in AI-driven algorithmic trading.
The acquisition of Capitalise.ai reflects Kraken's commitment to enhancing the accessibility of trading solutions for clients and points to potential shifts in algorithmic trading in the cryptocurrency industry.