Kraken has acquired Israel-based startup Capitalise.ai, a no-code trading automation company that allows users to turn natural-language commands into executable strategies. The deal amount was not disclosed. According to a blog post published on Aug. 20, the technology will be integrated into Kraken Pro later this year.
Founded in 2015, Capitalise.ai developed a platform that translates plain text into trading strategies, with support for equities, crypto, forex, futures, and options. Once integrated, Kraken Pro users will be able to design, backtest, and automate trades across both digital and traditional markets without needing to write code.
“This acquisition gives Kraken Pro clients a new way to act on ideas in real time. The goal is to make advanced trading strategies more accessible to a wider audience.”
Shannon Kurtas, Kraken’s head of exchange.Join our newsletterYour completely free resource hub designed to boost your knowledge of cryptocurrencies
The deal comes just months after Kraken’s $1.5 billion purchase of U.S. futures platform NinjaTrader in March, underscoring the exchange’s push to expand its product offerings.
Kraken is not the first exchange to bet on AI
Major crypto exchanges, analytics firms, and miners are stepping up acquisitions of AI startups, highlighting the growing role of artificial intelligence in trading, compliance, and market infrastructure.
Meanwhile, Trump family-backed Thumzup Media, a cryptocurrency treasury firm, announced plans to acquire Dogehash, a Dogecoin mining company, marking a push into the digital asset infrastructure space.
On Jan. 13, blockchain analytics company Chainalysis purchased Alterya, an AI-powered fraud detection startup, in a deal valued at around $150 million. Alterya’s technology provides real-time monitoring to flag suspicious transactions, bolstering compliance capabilities for banks and regulators.
Later in January, Web3 super-app xPortal acquired Alphalink, a German startup specializing in AI-driven mobile interfaces for crypto. The deal brought Alphalink’s team in-house to expand xPortal’s AI tools for decentralized finance (DeFi) and digital identity.
