ByBit plugs into ChatGPT for AI-powered trading tools

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ByBit integrates ChatGPT for in-house tool providing technical analysis, price data and trading metrics.

Cryptocurrency exchange ByBit will look to leverage artificial intelligence to provide a host of new trading tools and metrics for users through an integration with ChatGPT.

ByBit’s ToolsGPT combines ChatGPT’s machine learning technology with the exchange’s market data to provide technical analysis, price data and metrics. The integration also allows ToolsGPT to generate bespoke answers to traders’ inquiries. According to ByBit, this includes providing price trends for a host of tokens and takes into account technical indicators to forecast future market movements. The service is set to cater to traders of varying experience levels and is freely accessible to all users of the exchange.

 

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The exchange touts the new offering to provide insights and predictions to various cryptocurrency trading scenarios. ToolsGPT will be able to analyze price trends based on market data for a number of cryptocurrencies.

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