Monday, July 22, 2024

Bybit Launches AI Chatbot ‘TradeGPT’ for Trading Insights

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Alicia Garcia
Alicia Garciahttps://blog.cryptoapa.com/
Alicia is excited about all things tech. She devotedly follows blockchain and crypto updates, sharing her passion through writing about it. She is a regular contributor for cryptocurrency news and articles.

Cryptocurrency exchange Bybit has unveiled TradeGPT, a free AI chatbot that provides trading insights using the platform’s market data.

The Dubai-based exchange developed TradeGPT to leverage AI and generate real-time analytics and answers to user questions in multiple languages. It combines the natural language capabilities of ChatGPT with Bybit’s own ToolsGPT launched in June 2023.

TradeGPT can conduct technical and funding analysis, model predictions, and recommend strategies based on discussions with users. Bybit is not the only exchange exploring ChatGPT’s potential – Crypto.com and Binance have also integrated the technology for unique user insights.

The launch of TradeGPT builds on Bybit’s existing offerings like lending services with interest payouts. It highlights the growing role of AI as a catalyst across sectors like finance and technology. With other major players like Nvidia posting record results, interest in AI tools continues to explode.

As more platforms tap generative AI to augment human intelligence, Bybit is aiming to remain ahead of the curve. TradeGPT shows its commitment to leveraging innovative technology to empower users with data-driven trading guidance.

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