Cryptocurrency trader and lender Genesis Trading has made its first-ever acquisition. It has bought out Qu Capital, a quantitative trading and research firm to improve its trading technology.

According to Genesis, the acquisition will bolster its trading technology and quantitative research capabilities. Also, the firm will be capable of increasing the quality of services that it provides due to the increase in intellectual firepower. Genesis has hired Lucas Schuermann, Edward Yu and one junior staff member at Qu Capital as a part of the acquisition. However, the company did not disclose the terms of the deal with Qu Capital.

Pat DeFrancesco, CTO of Genesis, said they will add Qu Capital’s advanced technology tools. The tools will incorporate machine learning and other advanced technologies into Genesis’ existing technology stack and new product offerings. He did not disclose any details regarding these products. However, he hinted about a programming interface that will help users get lending rates without contacting the firm directly.

Genesis Trading is a digital currency group company. And, Qu Capital is an investment startup that develops trading technology, including exchange connectivity, order routing, and execution tools. It is unclear whether after the acquisition Genesis will absorb in Qu Capital’s staff or not, the source says.