Kraken acquires Capitalise.ai as crypto companies buy AI startups
Kraken’s acquisition will add natural-language trading automation to its Pro platform, as exchanges, miners and analytics companies move aggressively into AI.
Crypto exchange Kraken has acquired Israel-based startup Capitalise.ai, a no-code trading automation platform that turns natural-language commands into executable strategies, for an undisclosed amount. The technology will be integrated into Kraken Pro later this year, according to a blog post by Kraken on Aug. 20.
Founded in 2015, Capitalise.ai built a platform that converts everyday text into strategies and supports execution across equities, crypto, foreign exchange markets, futures and options. Once integrated, Kraken Pro users will be able to design, backtest, and automate trades across digital and traditional markets without writing code.
“This acquisition gives Kraken Pro clients a new way to act on ideas in real time,” said Shannon Kurtas, Kraken’s head of exchange. She said the system aims to make advanced strategies more accessible to a broader range of users.