Crypto exchange Kraken has acquired Israel-based startup Capitalise.ai, a no-code trading automation platform that converts text into strategies across various markets. The technology will be integrated into Kraken Pro later this year, offering users a new way to design, backtest, and automate trades without writing code. Kraken previously purchased US futures platform NinjaTrader in March.

The trend of crypto firms acquiring AI startups is growing, with major exchanges, analytics companies, and miners making strategic purchases. Examples include Chainalysis acquiring Alterya for $150 million, xPortal buying Alphalink for AI-driven mobile interfaces, and Tether and Rumble bidding to acquire Northern Data for $1.17 billion. MARA Holdings also acquired a majority stake in French AI firm Exaion.

Not all crypto companies are acquiring AI startups, with Coinbase opting for a partnership with Perplexity AI to incorporate COIN50 index data into real-time AI responses. The move highlights the importance of AI in trading, compliance, and infrastructure within the crypto industry. AI technology is becoming increasingly integrated into various aspects of the crypto market, driving innovation and efficiency.

Read more at Cointelegraph: Kraken Acquires Capitalise.ai as Crypto Firms Step Up AI Race