Bybit will leverage ChatGPT to offer its users AI-powered trading tools.
By integrating with ChatGPT, Bybit will leverage artificial intelligence technology to provide users with a new set of trading tools and metrics. Many industries have used OpenAI’s critically acclaimed large language model chatbot to deliver innovative solutions and services. The last crypto company to take a step in this area was Bybit.
Bybit Is Not The Only Exchange Offering Artificial Intelligence Tools To Its Users
The tool, which Bybit calls ToolsGPT, will combine ChatGPT’s machine learning technology with stock market data to provide technical analysis, price data and metrics.
With the integration to be realized with ChatGPT, ToolsGPT will be able to produce tailored answers to investors’ questions. Besides, the new feature will be able to analyze price trends based on market data for various cryptocurrencies. According to Bybit, this development will also allow to provide price trends for crypto assets and to predict future market movements. ToolsGPT, which is set to appeal to traders of different experience levels, will be free to use by all exchange users.
Bybit CEO Ben Zhou, who made a statement on the subject, said that this integration will help investors make informed decisions based on recommendations generated by artificial intelligence.
Zhou continued in his speech: “By integrating ChatGPT into Bybit Tools, we can provide users with more comprehensive information when making their decisions. ToolsGPT is a testament to our commitment to empower investors with advanced tools and insights.”
Bybit is not the only cryptocurrency exchange that uses ChatGPT to inform users about prices, market movements and projects of crypto assets. Cryptocom, OKX and Solana Labs are also among the platforms that provide services to investors by offering ChatGPT supported plugins.
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