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CDS Crypto News Bybit Integrates AI-Based Tool “ToolsGPT” for Market Data Analysis

Crypto News

Bybit Integrates AI-Based Tool “ToolsGPT” for Market Data Analysis

Cryptocurrency exchange Bybit is introducing an AI-powered tool called

Ecem ALKAN15/06/20231 Mins read737

Bybit Integrates AI-Based Tool “ToolsGPT” for Market Data Analysis

Cryptocurrency exchange Bybit is introducing an AI-powered tool called “ToolsGPT” on its trading platform to automate the analysis of market data.

In a press release on Thursday, the company announced that ToolsGPT, an AI chatbot, will allow users to obtain technical analysis, backtested price data, and other important metrics. Traders on Bybit will be able to utilize the tool to analyze historical data and technical indicators to predict future price trends.

ToolsGPT is based on ChatGPT, a chatbot developed by startup OpenAI that utilizes natural language processing. Since its release in November 2022, ChatGPT has garnered significant interest, sparking what some describe as an “AI arms race.”

Crypto companies, like others in the technology industry, are actively seeking ways to incorporate artificial intelligence into their operations, aiming to keep up with the AI trend.

“By integrating ChatGPT into Bybit Tools, we can provide users with more comprehensive information to support their decision-making process,” stated Ben Zhou, CEO of Bybit.