ByBit is not the only cryptocurrency exchange that is realizing the potential of AI in delivering improved user experiences. Other leading exchanges have also explored ChatGPT integration into their platforms.
Leading cryptocurrency exchange Bybit is set to enhance its trading services by incorporating an artificial intelligence (AI) tool into its trading platform to enhance market data analysis. In a Twitter post on June 15, Bybit unveiled the newest addition to its Discovery Tools family, dubbed “ToolsGPT”, leveraging the capabilities of popular generative AI technology, ChatGPT, developed by OpenAI.
Welcome to the newest addition to our Tools Discovery family, ToolsGPT 🎉
ToolsGPT integrates ChatGPT’s #machine learning And #ai capabilities with comprehensive market data from Bybit.
Learn more about it: https://t.co/8SAQvd9PEK#Bybit #TheCryptoArk pic.twitter.com/CtXKayN3Dq
– Bybit (@Bybit_Official) June 15, 2023
The newly introduced technology is designed to explore ChatGPT’s advanced machine learning combined with Bybit’s vast market data. This powerful combination enables traders to have comprehensive features, enabling them to make informed trading decisions.
The latest development comes after the European Union Parliament passed the world’s first AI law to regulate the use of generative AI technologies in the region.
ToolsGPT provides unique answers to user queries
One of the standout features of ToolsGPT is its ability to provide valuable insights and forecasts for different trading scenarios. Leveraging the massive pool of market data, this AI-powered tool can analyze price trends for several crypto assets, including Bitcoin (BTC) and Ether (ETH), while taking into account technical indicators and historical patterns to help investors make informed decisions. To achieve success business activities.
In addition to providing valuable market insights and predicting bitcoin’s path using historical data, traders can take advantage of other ToolsGPT functions, such as back-tested price data and other fundamental metrics.
Bybit said the new technology is designed to provide unique and actionable answers to users’ queries. The exchange also revealed that the tool will be accessible to all users, regardless of their experience, level, or experience for free.
Bybit aims to exploit cutting-edge technologies to provide innovative trading solutions to users. The company said the new technology shows its commitment to helping users become successful traders.
“By integrating ChatGPT into Bybit Tools, we are able to provide users with more comprehensive information when making their decisions. ToolsGPT is a testament to our commitment to empowering traders with advanced tools and insights,” He said Ben Zhou, CEO of the company.
Not the first
ByBit is not the only cryptocurrency exchange that is realizing the potential of AI in delivering improved user experiences. Other leading exchanges have also explored ChatGPT integration into their platforms.
Last month, CryptoCom unveiled its AI tool, Amy, which harnesses the power of ChatGPT. Amy provides a valuable resource for users with key insights into token prices, market movements, and updates on various projects.
Similarly, Binance, the world’s largest crypto exchange, has integrated OpenAI chatbots into its Binance Academy platform, giving users access to a vast database of articles and information related to the Web3 ecosystem.
The adoption of AI extends beyond exchanges to many blockchain projects. Notably, Solana Labs, the brains behind the development of the Solana blockchain, recently launched a ChatGPT-powered plugin in the protocol.
The plugin allows users to perform tasks such as checking wallet balances, transferring native Solana tokens, and trading non-fungible tokens (NFTs).
This diverse integration demonstrates ChatGPT’s versatility and ability to streamline user experiences across the blockchain landscape.
Aside from crypto companies, other companies outside the industry are exploring the potential of AI tools. In April, Amazon a statement Its innovative AI product called Bedrock. Targeted at Amazon service customers, Bedrock enables users to create custom constructional AI tools tailored to their unique requirements.
the next
Chimamanda is a cryptocurrency enthusiast and seasoned writer focusing on the dynamic world of cryptocurrency. She joined the industry in 2019 and has since developed an interest in the emerging economy. She combines her passion for blockchain technology with her love of travel and food, bringing a fresh and engaging perspective to her work.