Kraken, a leading cryptocurrency platform, has acquired Capitalise.ai, an innovative trading automation company, for an undisclosed amount. The acquisition marks a strategic move for Kraken to enhance its offerings in the evolving digital asset landscape.
Capitalise.ai specializes in providing a natural language-based user interface that enables investors to automate trading scenarios without needing to write code. Its platform integrates with various third-party exchanges and brokers, allowing users to manage their trades from a single interface and implement complex strategies through simple English commands. Features include code-free automation, backtesting, simulated trading, and smart notifications for real-time market monitoring.
This acquisition is set to strengthen Kraken’s commitment to empowering its users with more sophisticated and accessible trading tools. By integrating Capitalise.ai’s technology, Kraken aims to provide its clients with advanced capabilities to automate their trading strategies, conduct thorough backtesting, and refine their approaches, thereby optimizing their trading performance and enabling more disciplined execution.
The synergy between Kraken’s robust cryptocurrency exchange infrastructure and Capitalise.ai’s user-friendly automation technology is expected to democratize access to advanced trading strategies. The combined entity is positioned to offer a more comprehensive and intuitive trading experience, allowing both seasoned and new traders to navigate volatile markets with greater precision and efficiency through automated, intelligent decision-making.