Summary:
Kraken acquires Capitalise.ai, an Israeli no-code trading automation startup, to enhance its Pro division.
The platform uses natural language processing to turn text into executable trading strategies across multiple asset classes.
Founded in 2015, Capitalise.ai's technology processes real-time and historical data for equities, crypto, FX, and more.
A phased integration into Kraken Pro is planned for later this year, with co-founders and key staff joining Kraken.
This acquisition aims to democratize complex trading by lowering barriers with no-code solutions.
Kraken Acquires Capitalise.ai to Enhance Trading Automation
In a major move, Kraken, one of the world's largest cryptocurrency exchanges, has announced the acquisition of the assets and technology of Capitalise.ai, an Israeli startup specializing in natural-language, no-code trading automation. This strategic deal will integrate Capitalise.ai's co-founders and core engineering team into Kraken's Pro division, promising to lower barriers for complex market strategies.
Founded in 2015 and based in Tel Aviv, Capitalise.ai developed an innovative platform that allows traders to convert everyday text into executable trading strategies. Their proprietary language model and big data engine can process both real-time and historical data across various asset classes, including equities, cryptocurrencies, FX, futures, and options.
A phased rollout of Capitalise.ai's functionality within Kraken Pro is expected to begin later this year, marking a significant step forward in making advanced trading tools more accessible.
Capitalise.ai's co-founders, CEO Amir Shiovich and CPO Shahar Rabin, will join Kraken along with key product and engineering staff, ensuring a smooth integration and continued innovation.
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