The Dubai-based Bybit cryptocurrency exchange has developed Tradegpt, a tool powered by artificial intelligence (AI). The new chatbot can analyze the exchange's current market data and provide an in-depth price analysis by using current metrics for bitcoin as an example. The Bybit chatbot can also suggest suitable trading strategies for that day's sessions and offer more insight into the cryptocurrency market based on real-time Bybit market data.
New AI Tool for Real-Time Crypto Market Insights is Unveiled by Bybit's
Numerous people and organizations are combining cryptocurrency and blockchain knowledge with these extended language models (LLMs) and cutting-edge learning algorithms as AI frameworks and ideas continue to develop. The cryptocurrency exchange Bybit announced the launch of Tradegpt on September 4, 2023. Tradegpt is a part of Toolsgpt, Bybit's AI suite.
Bybit stated on Monday that Openai's Chatgpt only has relevant data up to September 2021; however, Bybit users can get real-time market assessments and solutions to their questions in a variety of languages using Tradegpt.
A daily cap of 20 searches per user is stated on the platform, which is free for registered Bybit customers. The platform greets users with "Welcome to Tradegpt." "Ask me anything about the cryptocurrency markets, or click on one of the topics below to get started."
On the Tradegpt homepage, this sample query is frequently asked:
Tell me in three consecutive phrases if BTC will climb or fall today, whether it's a good time to buy or sell, and what the right entry price is.
In today's rapidly changing financial environment, Toolsgpt and Tradegpt are useful assets, according to Vivien Fang, head of financial products at Bybit. "Our analysts and tech team created Toolsgpt to provide the financial education and mentorship that is sorely needed in our hyper-financialized world," Fang said.
The arrival of Bybit's AI tools coincides with a shift in the market toward this technology. The largest cryptocurrency exchange by volume, Binance, has integrated AI into its Binance Academy suite and given it the name "Binance Sensei." Amy, a generative chatbot created by Crypto.com, specializes in blockchain and cryptocurrency knowledge.
A website called Chatbtc is dedicated to spreading knowledge about Bitcoin (BTC), and users can communicate with certain developer personas like Matt Corallo and Greg Maxwell while armed with knowledge gleaned from some of the authors' published publications.
What do you think of Tradegpt, a generative chatbot tool from Bybit? Post your ideas and viewpoints on this topic in the comments area below.