Dubai-based cryptocurrency exchange Bybit will integrate OpenAI’s ChatGPT artificial intelligence (AI) tools to enhance how investors interact with cryptocurrencies. 

Bybit will leverage the AI technology to help launch its ‘ToolsGPT’ programme which aims to help customers on the exchange with their enquiries through its range of advanced machine learning solutions. 

This becomes one of the first times a crypto exchange has utilised the AI chatbot’s capabilities into its own service, with ChatGPT exploding in popularity since the turn of the year.

Bybit will combine ChatGPT’s AI capabilities with its own exchange market data to provide investors with smarter analysis, as well as price metrics and updates.

Bybit CEO, Ben Zhou, stated: “By integrating ChatGPT into Bybit Tools, we are able to give users more comprehensive information when making their decisions. ToolsGPT is a testament to our commitment to empowering traders with advanced tools and insights.”

Enhanced analytical price trends will be provided to give investors an insight into market activity and enable accurate predictions for future trading scenarios for several cryptocurrencies. 

The price trend data will be taken from a range of cryptocurrencies to analyse future market trends, aimed to serve investors at varying levels of experience in the sector.