BitDAO

<p>Dubai-headquartered cryptocurrency exchange Bybit has<a href="https://www.bybit.com/en-US/tools-discovery/chat/" rel="noopener noreferrer nofollow"> introduced</a> TradeGPT, an AI-powered educational tool aimed at changing the way in which traders interact with the cryptocurrency market.</p><h2 id="header-0">A ToolsGPT follow-up</h2><p>The move follows on from the firm’s<a href="https://medium.com/&#64;coinness.gl/bybit-powers-trading-tools-via-chatgpt-integration-35bef34261e9" rel="noopener noreferrer nofollow"> launch</a> of ToolsGPT in June, an AI-based tool that aids platform users to generate technical analysis and takes a ChatGPT-like approach in providing responses to user queries. Vivien Fang, Head of Financial Products at Bybit,<a href="https://blog.bybit.com/en-us/post/bybit-s-tradegpt-to-offer-ai-powered-trading-assistant-blteb6754fd7aa4fe6f/" rel="noopener noreferrer nofollow"> explained</a>: “Our analysts and tech team created ToolsGPT to provide the financial education and mentorship that is sorely needed in our hyper-financialized world. Essentially, we built the tool that we all wished we had when we began our careers in financial engineering and trading.”</p><h2 id="header-1">AI mentor and guide</h2><p>For Bybit users, TradeGPT offers a multitude of benefits, including real-time market analysis, multilingual support, and personalized guidance. It functions as a mentor and guide, empowering users to comprehend market trends, formulate strategies, and select the most suitable investment products to achieve their financial goals.</p><p>This offering addresses the limitations of traditional AI systems and provides real-time market data. TradeGPT leverages Bybit’s extensive market data, trading analytics, and technical analysis tools, making it a resource for traders navigating the complexities of the cryptocurrency landscape.</p><h2 id="header-2">Following industry trend</h2><p>Bybit’s TradeGPT follows in the footsteps of Singapore-based platform Crypto.com, which<a href="https://medium.com/&#64;coinness.gl/crypto-com-gets-ai-upgrade-bb978eacd5d2" rel="noopener noreferrer nofollow"> unveiled</a> its AI-enabled platform, Amy, in May. Amy leverages the technology of OpenAI’s ChatGPT to deliver real-time information about specific tokens, projects, price listings, and historical events to Crypto.com platform users.</p><p>At the time Kris Marszalek, CEO of Crypto.com, highlighted the platform’s significance,<a href="https://crypto.com/product-news/crypto-com-continues-ambitious-product-and-service-rollout-with-new-pioneering-innovation" rel="noopener noreferrer nofollow"> stating</a>: “Amy is the latest example of our incredible momentum.” The company added that it followed a series of notable product launches, including CFTC-regulated options trading, on-chain staking solutions, and the<a href="https://crypto.com/product-news/introducing-the-gen-3-0-crypto-com-exchange" rel="noopener noreferrer nofollow"> GEN 3.0 Crypto.com Exchange</a>.</p><p>Binance, the world’s largest cryptocurrency exchange by trading volume, introduced Binance Sensei in April. The company has integrated the AI-powered learning tool into Binance Academy and offers users of all skill levels an interactive chat window for guidance.</p><p>As an increasing number of cryptocurrency companies launch AI-enabled platforms, the synergy between AI and the industry becomes more apparent. AI’s data processing capabilities could address scalability issues and expedite transaction processing for cryptocurrencies.</p><p>Conversely, cryptocurrencies could incentivize research and development in the field of AI. Tokenized economies may reward contributors to AI projects, fostering collaboration and innovation. Furthermore, cryptocurrency-enabled decentralized networks could provide secure and transparent platforms for exchanging AI-generated insights without the need for intermediaries.</p><p>Digital assets are developing in real-time alongside other technologies. The introduction of Bybit’s TradeGPT, alongside Crypto.com’s Amy and Binance’s Sensei, offers a step forward in harnessing the power of AI to empower cryptocurrency traders. As these AI-driven tools continue to evolve and gain traction, they’re likely to reshape how individuals and institutions engage with the cryptocurrency market.</p>

Bybit Leans on Innovative Tech by Launching AI-Powered Trading Assistant

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