The cryptocurrency exchange Bybit has launched TradeGPT,
an AI-powered education tool that aims to enhance how traders engage with the
crypto market. The company has praised the offering as a response to the
limitations of conventional AI, saying it provides real-time market data.
According to Bybit’s
statement, TradeGPT has access to Bybit’s extensive market data, trading
analytics
Analytics
Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt
Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt
Read this Term, and technical analysis tools. This makes it ideal for traders
seeking to navigate the cryptocurrency landscape.
Vivien Fang, the Head of
Financial Products at Bybit, stated: “Our analysts and tech team created ToolsGPT
to provide the financial education and mentorship that is sorely needed in our
hyper-financial world. Essentially, we built the tool that we all wished we had
when we began our careers in financial engineering and trading.”
TradeGPT offers Bybit’s users a range of benefits, including real-time market analysis, multilingual
support, and personalized guidance. It acts as a mentor and guide, helping
users understand market trends, formulate strategies, and choose the right
products for investment goals, the company explained.
Rival Crypto.com
unveiled its AI-enabled platform that offers users real-time
information about specific tokens, projects, price listings, and historical
events in May. Dubbed Amy, the platform’s underlying technology is based on
OpenAI’s ChatGPT. According to the company, this technology aims to deliver
search results for Crypto.com’s users.
Kris Marszalek, the
Chief Executive Officer of Cypto.com, stated during the unveiling of the
technology that: “Amy is the latest example of our incredible momentum,
following a series of notable product launches, including CFTC
CFTC
The 1974 Commodity Exchange Act (CEA) in the United States created the Commodity Futures Trading Commission (CFTC). The Commission protects and regulates market activities against manipulation, fraud, and abuse trade practices and promotes fairness in futures contracts. The CEA also included the Sad-Johnson Agreement, which defined the authority and responsibilities for the monitoring of financial contracts between the Commodity Futures Trading Commission and the Securities and Exchange Commiss
The 1974 Commodity Exchange Act (CEA) in the United States created the Commodity Futures Trading Commission (CFTC). The Commission protects and regulates market activities against manipulation, fraud, and abuse trade practices and promotes fairness in futures contracts. The CEA also included the Sad-Johnson Agreement, which defined the authority and responsibilities for the monitoring of financial contracts between the Commodity Futures Trading Commission and the Securities and Exchange Commiss
Read this Term-regulated
options trading, on-chain staking solutions, and the GEN 3.0 Crypto.com
Exchange.”
Convergence
of AI and Crypto
Similarly, the world’s
leading crypto exchange by trading volume, Binance, introduced Binance Sensei.
Launched on April 24, 2023, the AI-powered learning tool is integrated into
Binance Academy. According to the exchange, Binance Sensei is designed to cater
to users of all levels through an interactive chat window.
As more cryptocurrency
companies continue to launch their AI-enabled platforms, the technology is complementing
the industry. According to a recent report by Finance
Magnates, AI and
cryptocurrencies could have
a symbiotic relationship.
For instance, AI’s data processing capabilities could help cryptocurrencies
address scalability and accelerate transaction processing.
Conversely,
cryptocurrencies could incentivize AI research and development. Tokenized
economies could reward contributors to AI projects, fostering collaboration and
innovation, the media publication indicated. Additionally, cryptocurrency-enabled
decentralized networks might provide secure, transparent platforms for
exchanging AI-generated insights without intermediaries.
The cryptocurrency exchange Bybit has launched TradeGPT,
an AI-powered education tool that aims to enhance how traders engage with the
crypto market. The company has praised the offering as a response to the
limitations of conventional AI, saying it provides real-time market data.
According to Bybit’s
statement, TradeGPT has access to Bybit’s extensive market data, trading
analytics
Analytics
Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt
Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt
Read this Term, and technical analysis tools. This makes it ideal for traders
seeking to navigate the cryptocurrency landscape.
Vivien Fang, the Head of
Financial Products at Bybit, stated: “Our analysts and tech team created ToolsGPT
to provide the financial education and mentorship that is sorely needed in our
hyper-financial world. Essentially, we built the tool that we all wished we had
when we began our careers in financial engineering and trading.”
TradeGPT offers Bybit’s users a range of benefits, including real-time market analysis, multilingual
support, and personalized guidance. It acts as a mentor and guide, helping
users understand market trends, formulate strategies, and choose the right
products for investment goals, the company explained.
Rival Crypto.com
unveiled its AI-enabled platform that offers users real-time
information about specific tokens, projects, price listings, and historical
events in May. Dubbed Amy, the platform’s underlying technology is based on
OpenAI’s ChatGPT. According to the company, this technology aims to deliver
search results for Crypto.com’s users.
Kris Marszalek, the
Chief Executive Officer of Cypto.com, stated during the unveiling of the
technology that: “Amy is the latest example of our incredible momentum,
following a series of notable product launches, including CFTC
CFTC
The 1974 Commodity Exchange Act (CEA) in the United States created the Commodity Futures Trading Commission (CFTC). The Commission protects and regulates market activities against manipulation, fraud, and abuse trade practices and promotes fairness in futures contracts. The CEA also included the Sad-Johnson Agreement, which defined the authority and responsibilities for the monitoring of financial contracts between the Commodity Futures Trading Commission and the Securities and Exchange Commiss
The 1974 Commodity Exchange Act (CEA) in the United States created the Commodity Futures Trading Commission (CFTC). The Commission protects and regulates market activities against manipulation, fraud, and abuse trade practices and promotes fairness in futures contracts. The CEA also included the Sad-Johnson Agreement, which defined the authority and responsibilities for the monitoring of financial contracts between the Commodity Futures Trading Commission and the Securities and Exchange Commiss
Read this Term-regulated
options trading, on-chain staking solutions, and the GEN 3.0 Crypto.com
Exchange.”
Convergence
of AI and Crypto
Similarly, the world’s
leading crypto exchange by trading volume, Binance, introduced Binance Sensei.
Launched on April 24, 2023, the AI-powered learning tool is integrated into
Binance Academy. According to the exchange, Binance Sensei is designed to cater
to users of all levels through an interactive chat window.
As more cryptocurrency
companies continue to launch their AI-enabled platforms, the technology is complementing
the industry. According to a recent report by Finance
Magnates, AI and
cryptocurrencies could have
a symbiotic relationship.
For instance, AI’s data processing capabilities could help cryptocurrencies
address scalability and accelerate transaction processing.
Conversely,
cryptocurrencies could incentivize AI research and development. Tokenized
economies could reward contributors to AI projects, fostering collaboration and
innovation, the media publication indicated. Additionally, cryptocurrency-enabled
decentralized networks might provide secure, transparent platforms for
exchanging AI-generated insights without intermediaries.