Kraken Acquires Capitalise.ai for No-Code Trading Integration

On August 20, Kraken acquired Capitalise.ai, an Israeli firm specializing in no-code trading automation, integrating its technology into Kraken Pro to enhance advanced trading features.

The acquisition widens Kraken’s automation capabilities, potentially boosting user engagement without affecting immediate asset flows, reflecting its strategic vision amid future IPO plans.

Kraken’s Strategic Move: Expanding No-Code Trading Capabilities

Kraken has acquired Capitalise.ai, an Israel-based company known for its no-code trading automation technology. Founded in 2015, Capitalise.ai offers innovative tools enabling users to design, backtest, and automate trading strategies across multiple asset classes using natural language instructions. Kraken’s announcement aligns with its strategic vision of extending advanced trading capabilities to all user levels.

Kraken’s integration of Capitalise.ai technology into its Pro platform represents a new chapter. By lowering entry barriers, Kraken aims to attract a wider range of traders, simplifying the process of crafting automated strategies.

David Ripley, CEO, Kraken – “Bringing Capitalise.ai onboard aligns perfectly with our mission to empower traders of all levels, making advanced automation accessible without the need for programming knowledge.” Business Wire

Market reactions have been positive, focusing on Kraken’s bold move to simplify advanced trading. Key figures applauded the potential ease this integration brings, streamlining algorithmic strategy creation without requiring programming knowledge.

Bitcoin Market & Kraken’s Expansion: Analyst Insights

Did you know? Kraken’s acquisition of Capitalise.ai follows its $1.5 billion purchase of NinjaTrader, underscoring the company’s focus on expanding through strategic partnerships across diverse trading platforms.

According to CoinMarketCap, Bitcoin’s price, as of last check, reached $113,330.01, with a market cap of $2.26 trillion, comprising 59.03% of the market. There’s a 24-hour trading volume of $73.02 billion, although prices fell 1.86% in the past day but rose 9.12% over two months. Bitcoin’s circulating supply stands at 19,908,971 against a maximum potential of 21,000,000.

The Coincu research team suggests this acquisition positions Kraken favorably for rapid expansion in non-traditional trading arenas. By enabling automation via Capitalise.ai’s user-friendly platform, Kraken is expected to enhance user engagement and attract new market participants, expanding its market reach in fintech innovation.