ByBit is not the only crypto trading platform that recognizes the potential of AI in providing enhanced user experience. Other major exchanges have also explored the integration of ChatGPT into their platforms.
Leading cryptocurrency exchange Bybit is gearing up to enhance its trading services by including an artificial intelligence (AI) tool in its trading platform to enhance market data analysis. In a Twitter post on June 15, Bybit unveiled the latest addition to its Tools Discovery family, dubbed “ToolsGPT,” leveraging the capabilities of its renowned generative AI technology. chatgpt, Developed by OpenAI.
Welcome to the newest addition to our Tools Discovery family, ToolsGPT 🎉
ToolsGPT integrates ChatGPT #machine learning And #AI Capabilities with Bybit’s comprehensive market data.
Learn more about: https://t.co/8SAQvd9PEK#bybit #TheCryptoArk pic.twitter.com/CtXKayN3Dq
— Bybit (@Bybit_Official) June 15, 2023
The newly introduced technology was designed to explore ChatGPT’s advanced machine learning in conjunction with Byte’s vast market data. This powerful combination empowers traders with a wide range of features, enabling them to make informed trading decisions.
The latest development comes after the EU Parliament pass World’s first AI bill to regulate the use of generative AI technologies in the field.
ToolsGPT provides unique responses to user queries
One of the standout features of ToolsGPT is its ability to provide valuable insights and predictions for various trading scenarios. By leveraging a vast pool of market data, this AI-powered tool can analyze price trends for a number of crypto assets, including bitcoin.B T c) and ether (ETH), taking into account technical indicators and historical patterns to help investors make informed decisions for successful trading activities.
In addition to providing valuable market insight and predicting bitcoin trajectory using past data, traders can benefit from ToolsGPT’s other functionalities, such as backtested price data and other essential metrics.
Bybit said the new technology was designed to provide unique and actionable answers to users’ inquiries. The exchange further revealed that the tool will be available for free to all users regardless of their experience, level or expertise.
Bybit aims to harness cutting edge technologies to provide innovative trading solutions to users. The company said that the new technology reflects its commitment to helping users become successful traders.
“By integrating ChatGPT into Bybit tools, we are able to give users more comprehensive information when making their decisions. ToolsGPT is a testament to our commitment to empowering traders with advanced tools and insights.” Said Company CEO Ben Zhou.
not the first
ByBit is not the only crypto trading platform that recognizes the potential of AI in providing enhanced user experience. Other major exchanges have also explored the integration of ChatGPT into their platforms.
Last month, Cryptocom unveiled its proprietary AI tool, Amy, which harnesses the power of ChatGPT. Amy provides a valuable resource for users with essential insights regarding token prices, market movements and updates on various projects.
Similarly, Binance, the world’s largest crypto exchange, integrated OpenAI’s chatbot 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 goes beyond the exchange of various blockchain projects. Solana Labs, in particular, is the brains behind the recent development of the Solana blockchain. launched ChatGPT-powered plugin to the protocol.
The plugin allows users to perform tasks such as checking wallet balances, transferring Solana-native tokens, and trading non-fungible tokens.nft,
These various integrations demonstrate ChatGPT’s versatility and ability to streamline user experiences across the blockchain landscape.
In addition to crypto companies, other companies outside the industry are exploring the potential of AI tools. Amazon in April Unveiled Its innovative AI product offering called Bedrock. Targeted at Amazon Services customers, Bedrock enables users to build personalized generative AI tools tailored to their unique needs.
Chimmanda is a crypto enthusiast and experienced writer focusing on the dynamic world of cryptocurrencies. 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 for travel and food, bringing a fresh and engaging approach to her work.
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