Crypto exchange Kraken has acquired Israel-based startup Capitalise.ai, a no-code trading automation platform. This strategic move aims to enhance Kraken Pro by integrating technology that translates natural-language commands into executable trading strategies. Founded in 2015, Capitalise.ai enables users to create, backtest, and automate trades across various markets, making sophisticated trading strategies more accessible. Shannon Kurtas, Kraken's head of exchange, emphasized that this acquisition offers clients a novel way to react to market ideas in real time. This acquisition reflects a broader trend within the crypto sector, where numerous firms are aggressively acquiring AI startups to bolster their trading, compliance, and infrastructure capabilities. Recent acquisitions by other firms also highlight this ongoing race to leverage AI technology for improved processes and services in the cryptocurrency space.

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