Kraken acquires natural language trading automation firm in undisclosed deal, with technology set to integrate into Kraken Pro platform later this year
Kraken has acquired the assets and technology of Capitalise.ai, a company that developed natural language trading automation technology.
The acquisition will bring no-code trading capabilities to Kraken Pro users across multiple asset classes.
Founded in 2015, Capitalise.ai built a platform that converts text instructions into executable trading strategies.
The company’s proprietary language model processes real-time and historical data across equities, cryptocurrency, foreign exchange, futures and options markets. Financial terms of the transaction were not disclosed.
A phased rollout of Capitalise.ai’s functionality within Kraken Pro is expected to begin later this year.
The technology will enable users to design, test and automate trading strategies without coding requirements.
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