Bybit Introduces TradeGPT: New Way Of Market Analysis With AI

Bybit crypto exchange launches Tradegpt. (Photo; Doc. BMCNews)

JAKARTA - Crypto exchange platform Bybit has announced the launch of "TradGPT," a new trading tool powered by artificial intelligence (AI). The new assistant combines ChatGPT language model capabilities with real-time market data from the Bybit platform.

According to a statement from Bybit, TradeGPT will make it easier for users to access the latest market analysis and get clear answers to their questions in various languages.

For additional information, Bybit introduced ToolsGPT on June 15 via posting on Twitter, explaining that the new tool will use the ChatGPT language model combined with Bybit market data to generate technical analysis, price metrics, and answers adapted to user questions.

According to Bybit, ToolsGPT will be able to analyze trends in the prices of various cryptocurrencies such as Bitcoin and Ether, taking into account technical and historical indicators. Like any other exchange, this feature is available for free to all Bybit users.

Vivien Fang, Director of Financial Products Bybit, stated that ToolsGPT was created to provide much-needed financial education and guidance, especially for new users entering this ecosystem without financial knowledge.

"Basically, we built the tools we all expected when we started our careers in financial engineering and trade. We are proud to offer it for free as part of our mission to become the world's Crypto Ark," Fang said.

Meanwhile, Ben Zhou, CEO of Bybit, said that this integration demonstrates their commitment to providing traders with sophisticated tools to strengthen their trade decisions.

"By integrating ChatGPT into Bybit Tools, we can provide users with more comprehensive information when they make decisions. ToolsGPT is proof of our commitment to empowering traders with advanced devices and insights," explained the CEO.

Currently, other exchanges such as Crypto.com and Binance have started exploring the use of ChatGPT on their exchange platform in mid-2023. In addition, Solana Labs recently launched the total ChatGPT, allowing users to check balances, transfer tokens, and trade NFT through Solana.