Kraken, a prominent cryptocurrency exchange, has recently acquired Capitalise.ai, an Israel-based startup specializing in no-code trading automation. This acquisition underscores a growing trend within the crypto industry: the strategic acquisition of artificial intelligence (AI) companies.

Capitalise.ai, founded in 2015, developed a platform that translates natural language into executable trading strategies. Its technology allows users to design, test, and automate complex trading strategies across various asset classes, including equities, cryptocurrencies, foreign exchange, futures, and options, all without writing a single line of code. This is achieved through its proprietary language model and big data infrastructure, which can process real-time and historical market data.

Kraken intends to integrate Capitalise.ai's technology into its Kraken Pro platform. The phased rollout of this integration is expected to commence later this year. The goal is to democratize access to advanced trading tools, making them available to a broader audience, regardless of their technical skills or trading expertise. According to Shannon Kurtas, Head of Exchange at Kraken, this acquisition will empower Kraken Pro clients to act on their ideas in real-time, enabling them to test, optimize, and execute custom strategies with unprecedented speed and confidence.

Capitalise.ai's platform has already been deployed by several traditional financial brokers and exchanges, demonstrating its effectiveness in boosting user engagement in both the retail and institutional sectors. As part of the acquisition, Capitalise.ai's co-founders, Amir Shiovich and Shahar Rabin, along with their product and engineering teams, will join Kraken and continue to innovate within the Kraken Pro business unit.

This acquisition highlights Kraken's ambition to expand its Pro platform beyond cryptocurrency trading, venturing into traditional asset classes. By incorporating Capitalise.ai's no-code technology, Kraken Pro users will be able to automate strategies for digital assets, stocks, foreign exchange, and derivatives.

The acquisition of Capitalise.ai by Kraken is part of a broader trend of crypto companies acquiring AI startups. This trend reflects the increasing importance of AI in various aspects of the crypto industry, including trading, compliance, and infrastructure. For example, Chainalysis acquired Alterya, an AI-powered fraud detection startup, to enhance its compliance tools. xPortal acquired Alphalink, an AI-driven mobile interface company, to expand its AI tools for DeFi and digital identity. Furthermore, Tether and Rumble have jointly bid to acquire Northern Data, an AI and high-performance computing infrastructure provider.

Capitalise.ai offers a range of features, including smart notifications, backtesting, and simulated trading strategies. The platform monitors market data, technical indicators, and macroeconomics around the clock, sending real-time alerts to users' mobile devices when specific trading conditions are met. Its backtesting tool allows users to evaluate their strategies against historical data, providing insights into their potential performance. The platform also offers a library of live strategy examples to help users get started. Capitalise.ai empowers users to automate their trading with zero code, use TradingView alerts, and implement advanced trading automation features. It supports various trading conditions, including macroeconomic news events, specific timeframes, and technical indicators.

By merging AI-powered automation with a global trading platform, Kraken is positioning itself at the forefront of fintech innovation. This move could redefine how traders interact with financial data, enabling faster and more informed decision-making. As competition intensifies, Kraken's focus on accessibility and cross-asset functionality may set a new industry standard for user-friendly, professional-grade trading solutions.