Crypto Exchange Kraken has acquired Israel-based Startup Capitalise.ai. According to a Kraken blog post on August 20th, the technology will be integrated into Kraken Pro later this year.
Founded in 2015, Capitalise.ai has built a platform that transforms everyday text into strategies and supports the execution of stocks, crypto, forex markets, futures and options at large. Once integrated, Kraken Pro users can design, backtest and automate transactions across digital and traditional markets without writing code.
“With this acquisition, Kraken Pro clients will provide new ways to act on their ideas in real time,” says Shannon Kurtas, Kraken's exchange chief. She said the system aims to make advanced strategies more accessible to a wider range of users.
The move follows Kraken's $1.5 billion purchase of US futures platform Ninjatrader in March.
Crypto Firms races to snap AI startups
Major crypto exchanges, analytics companies and miners are increasingly acquiring AI companies, highlighting the trends in which artificial intelligence is at the core of trading, compliance and infrastructure.
On January 13th, Blockchain Analytics Firm Chainalysis acquired Alterya, an AI-powered fraud detection startup, in a transaction worth approximately $150 million. Alterya's real-time surveillance system is designed to flag suspicious activities and enhance bank and regulatory compliance tools.
Later that month, Web3 Super-App Xportal purchased Alphalink, a German startup specializing in AI-driven mobile interfaces for Crypto. With this acquisition, the Alphalink team expanded its AI tools in-house, expanding its Defi and digital identity.
https://www.youtube.com/watch?v=fykm3ka_lzu
The acquisition momentum has been raised in recent weeks. On August 11, Tether and video platform Rumble announced a $1.17 billion bid to acquire a Germany-based Northern Data, AI and high-performance computing infrastructure provider. The deal will rumble Northern Data's GPU cloud and data center units, and Tether will work on multi-year GPU purchases.
On the same day, Bitcoin Miner Mara Holdings signed a $168 million contract to acquire a 64% stake in French AI company Exaion, a subsidiary of state-owned utility EDF. It includes high-performance computing business partners with Exaion's Nvidia and Deloitte, and the deal includes the option for Mara to raise its shares to 75% by 2027.
Not all companies buy their own paths. In July, Coinbase chose to partner with Prperxity AI to supply Coin50 index data to search engines.
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