Bybit debuts AI-powered 'TradeGPT' for market analysis and data driven Q&A
Dubai-based cryptocurrency exchange Bybit has developed a language based trading tool that uses AI to generate trading insights and answer technical questions from its market data.
TradeGPT is being touted as an AI-powered education tool that taps into the generative ability of ChatGPT’s large language model and Bybit’s inhouse ToolsGPT to provide real-time market analysis and answers to user questions in a variety of languages.
An announcement shared with Cointelegraph highlighted TradeGPT’s ability to offer market strategies and products for strategies being discussed with a user.
Bybit had previously launched ToolsGPT in June 2023. The platform also integrates ChatGPT’s machine learning and AI capabilities with Bybit market data to conduct technical analysis, funding analysis and model predictions.
Related: Bybit’s MVP license in Dubai ‘very restricted,’ CEO says
Bybit is not the only cryptocurrency exchange to have explored using ChatGPT to give users unique insights into token prices, market movements and projects.
Crypto.com launched its own ChatGPT-powered user assistant in May 2023, dubbed Amy. Binance also integrated OpenAI’s chatbot into its Binance Academy platform to generate responses from its database of articles and information on the broader Web3 ecosystem.
OKX is another exchange exploring AI’s potential after integrating EndoTech’s AI tools to analyze market volatility and trading opportunities. Solana Labs also launched a ChatGPT-powered plugin allowing the large language model to check wallet balances, transfer Solana-native tokens and trade nonfungible tokens.
The launch of these AI tools come off the back of Bybit offering lending services to its users, offering interest payouts for deposited
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