Dubai-based cryptocurrency exchange Bybit has launched an innovative AI-driven trading assistant named 'TradeGPT'. This tool leverages artificial intelligence (AI) and language models to provide traders with valuable market insights and technical assistance.
TradeGPT is described as an educational tool powered by AI, utilizing the generative capabilities of ChatGPT's extensive language model in conjunction with Bybit's proprietary ToolsGPT. It aims to deliver real-time market analysis and answers to user queries in multiple languages. One notable feature is its ability to offer market strategies and product recommendations in response to user discussions.
Bybit had previously introduced ToolsGPT in June 2023. It combined ChatGPT's machine learning and AI capabilities with Bybit's market data for conducting technical and funding analysis, as well as making model predictions.
Bybit is not alone in exploring the potential of AI-driven chatbots for enhancing the user experience in the cryptocurrency space. Crypto.com introduced its own ChatGPT-powered user assistant called Amy in May 2023. Binance also integrated OpenAI's chatbot into its Binance Academy platform to provide responses based on a database of articles and information related to the Web3 ecosystem.
Other exchanges like OKX and Solana Labs have embraced AI to analyze market volatility, trading opportunities, and assist with various tasks, such as checking wallet balances and trading NFTs.
The adoption of AI tools in the cryptocurrency industry reflects a broader trend of innovation across various sectors. AI-driven solutions are being used for purposes ranging from education to data center operations. As AI continues to evolve, it plays a pivotal role in shaping the future of financial markets and other industries.