Kraken, a cryptocurrency exchange, has announced its acquisition of Israeli startup Capitalise.ai, which specializes in no-code trading automation.
Deal Details
Kraken has acquired Capitalise.ai, a trading automation platform capable of turning natural language commands into executable strategies, under undisclosed terms. The platform is set to be integrated into Kraken Pro later this year.
About Capitalise.ai
Founded in 2015, Capitalise.ai developed a platform that translates everyday text into strategies and supports execution across equities, crypto, and options markets.
Market Trends
The acquisition of Capitalise.ai reflects a trend among major cryptocurrency exchanges to actively integrate artificial intelligence technologies into their platforms. Recent months have seen other cryptocurrency firms also making moves to acquire AI startups for enhanced analytics and tools.
The acquisition of Capitalise.ai underscores Kraken's strategy to incorporate technologies that simplify trading and make advanced trading strategies more accessible to users.