Bybit, a Dubai-based cryptocurrency exchange, has launched a new AI-powered trading assistant that can provide market analysis and answer technical questions in various languages. The tool, called TradeGPT, uses ChatGPT’s large language model and Bybit’s own ToolsGPT to generate trading insights and education for its users.
Bybit is Riding the AI Train
In June 2023, Bybit launched ToolsGPT, a platform that integrates ChatGPT’s machine learning and AI capabilities with Bybit’s market data. This allows the platform to conduct technical analysis, funding analysis, and model predictions.
The integration of these advanced technologies provides users with valuable insights and information to help them make informed trading decisions.
TradeGPT can analyze Bybit’s market data and offer market strategies and products for different scenarios. It can also respond to user queries using natural language processing and machine learning. For example, users can ask TradeGPT about the best time to buy or sell a certain cryptocurrency, or how to use Bybit’s features and services.
Bybit is not the first cryptocurrency exchange to leverage ChatGPT’s AI capabilities. Crypto.com, Binance, and OKX have also integrated ChatGPT into their platforms to provide user assistance, market predictions, and technical analysis. Solana Labs has also used ChatGPT to create a plugin that allows users to interact with Solana’s blockchain and NFTs.
TradeGPT is part of Bybit’s efforts to offer more value-added services to its customers. Bybit recently launched a lending service that pays interest for deposited cryptocurrencies on the exchange. Bybit is also planning to expand its product offerings and global presence in the near future.
Bybit’s CEO Ben Zhou said that TradeGPT is a “game-changer” for the crypto industry and that it will help users make better trading decisions and learn more about the market. He added that Bybit is committed to using AI and other technologies to enhance its platform and user experience.
TradeGPT, a new AI-powered trading assistant, is currently undergoing beta testing and is scheduled for an official launch in October 2023. Interested Bybit users can sign up for early access to the tool on the Bybit website.
