Crypto Exchange Kraken captured Capitaline’s properties and technology, an Israeli-based startup that set up a natural language, no-code platform for automating trading techniques in many properties, the company said in a press release Wednesday.
Keefe, Bruyette & Woods, a stifel company, acts as a financial financial counselor. The financial details of the acquisition are not disclosed.
Established in 2015, Capitaline.ai developed a system that gives users to be a day -to -day text in the implemented trading techniques.
Company technology supports real-time and historical data analysis covering equities, crypto, FX, futures and options. Its tools have been used by a set of traditional financial and exchange brokers.
Kraken said it will begin to launch the features of Capitaline.ai on the Kraken Pro platform next year. The move is designed to reduce technical barriers to advanced trading, giving users the ability to design, backtest and automate techniques without writing code.
“This acquisition gives Kraken Pro clients a strong new way to act on real -time ideas – testing, optimizing, and implementing bespoke techniques with unprecedented speed and confidence,” said Shannon Kurtas, head of exchange in Kraken, on the release.
Co-founders Amir Shiovich and Shahar Rabin, along with major engineering staff, will join the Kraken’s Pro Business unit as part of the deal.
Read more: Crypto Exchange revenue Kraken fell 6.8% year-on-year up to $ 79.7m in Q2
