Share this article
Crypto Exchange Bybit Integrates ChatGPT Into Trading Tools
Traders will be able to analyze market data with the new AI-based feature called "ToolsGPT."
Jun 15, 2023, 10:00 a.m. 1 min read
Crypto exchange Bybit is integrating a ChatGPT-based artificial intelligence (AI) tool in its trading platform to automate market data analysis.
The new feature, called ToolsGPT, is an AI chatbot that users can query for "technical analysis, backtested price data, and other essential metrics," the firm said in a press release on Thursday. For example, Bybit traders will be able to analyze future price trends based on past data and technical indicators using the tool.
ChatGPT is a chatbot developed by startup OpenAI that uses natural language processing and was released in November 2022. The chatbot saw staggering interest from users upon release and triggered what some have called an "AI arms race."
Crypto companies, along with everyone else in tech, are trying to catch up with the AI trend by finding ways to implement artificial intelligence within their workflow.
“By integrating ChatGPT into Bybit Tools, we are able to give users more comprehensive information when making their decisions," said Ben Zhou, CEO of Bybit in the statement.
Read more: What AI Governance Can Learn From Crypto’s Decentralization Ethos
More For You
Ronghui Gu shares tips on how to isolate AI agents while testing them so they do not have access to critical personal information or digital assets.
What to know:
- Security firm CertiK warns that the rapid deployment of autonomous AI agents, often unisolated and unvetted, is creating a massive and dangerous “security debt” across networks and applications.
- By granting AI agents access to local files, credentials and financial tools, users are effectively creating powerful insider threats that can be...
Top Stories
