Cryptocurrency broker and trading platform Kraken has acquired technology firm Capitalise.ai.
Israel-based Capitalise.ai primarily provides B2B services to brokers, letting them add a feature to their platforms to allow traders to perform automated trading.
Traders can use the platform to type in what type of strategy they’d like to undertake and Capitalise.ai then creates the strategy for them.
“This acquisition gives Kraken Pro clients a powerful new way to act on ideas in real time: testing, optimizing, and executing bespoke strategies with unprecedented speed and confidence,” said Shannon Kurtas, Kraken Head of Exchange.
“Capitalise.ai’s technology transforms how people interact with financial data, breaking down barriers that have long kept scalable, advanced strategies in the hands of a few. This is a major leap forward in democratizing access to pro-grade trading tools.”
Kraken said that Capitalise.ai’s co-founders – CEO Amir Shiovich and CPO Shahar Rabin – will join the crypto firm, working within the Kraken Pro business unit.
“I founded Capitalise.ai alongside my partner Shahar Rabin, with the goal of democratizing advanced capabilities that were once reserved for hedge funds—through a simple, intuitive text interface,” said Shiovich in a statement. “Over the years, we’ve partnered with world-leading brokers, served thousands of clients, and supported the trading of billions of dollars.
“By joining Kraken, we now have the opportunity to scale and drive meaningful impact across the trading industry.”
