Crypto exchange Kraken has announced the acquisition of Capitalise.ai, a startup from Israel that specializes in no-code, natural-language trading automation. This acquisition aims to integrate text-based strategy design, testing, and automation into the Kraken Pro platform, enabling users to create automated trading strategies without needing programming skills.
The financial details of the acquisition were not disclosed. Under this new partnership, Kraken plans to offer the sophisticated tools developed by Capitalise.ai to streamline trading across various asset classes. Founded in 2015, Capitalise.ai provides a platform that transforms plain language into actionable trading strategies.
Key Highlights:
- Kraken acquires Capitalise.ai, enhancing Pro users’ trading experience.
- The firm offers automation across crypto, equities, and more.
- Users can design, backtest, and execute trading strategies easily.
“This acquisition provides Kraken Pro clients with a robust new method to execute their trading ideas in real time,” commented Shannon Kurtas, the head of the exchange at Kraken.
Amir Shiovich and Shahar Rabin, co-founders of Capitalise.ai, along with other key engineering personnel, will join Kraken’s Pro business unit as part of this deal.
Kraken Pro
Crypto exchange Kraken acquires Capitalise.ai to expand Pro platform. (PiggyBank/ Unsplash)
