Cryptocurrency exchange Bybit has launched TradeGPT, a free artificial intelligence-based trading tool that enhances traders' interaction with the cryptocurrency market.
TradeGPT is presented as an AI-based educational tool that uses the generative principles of ChatGPT and Bybit's ToolsGPT language models to provide users with real-time market data in multiple languages.
With the introduction of TradeGPT, Bybit aims to provide assistance to novice traders and investors who require technical analysis in the crypto environment.
In addition, the tool can suggest market strategies in terms of percentage probability as well as recommend suitable products for the discussed strategies, Bybit said.
Bybit previously launched ToolsGPT in June 2023. The platform also integrates ChatGPT's machine learning and artificial intelligence capabilities with Bybit's market data for technical analysis, funding analysis, and forecasting models.
"Our analysts and tech team created ToolsGPT to provide the financial education and mentorship that is sorely needed in our hyper-financialized world," said Vivien Fang, Head of Financial Products at Bybit.
"Essentially, we built the tool that we all wished we had when we began our careers in financial engineering and trading. We're proud to offer this for free as part of our mission to become the world’s Crypto Ark," she added.
It is worth noting that Bybit is not the only crypto exchange that has used ChatGPT to provide users with information about the digital asset market. Earlier, exchanges Binance, Crypto.com, and OKX also introduced tools based on artificial intelligence.
Read also: It was revealed where Bitfinex stores its bitcoins.
