Bybit adds ToolGPT, its first AI tool, to its trading platform. The AI tool will allow Bybit users to seamlessly carry out activities, making them easier than before. According to Bybit, some of the activities that ToolGPT can perform include long-term price trend prediction, short-term price movement prediction, future ETH trend forecasts, a user-friendly interface, and free and seamless access to other tools.
Bybit is a popular cryptocurrency derivatives exchange platform that allows users to trade various cryptocurrency-based contracts. It offers futures contracts, perpetual contracts, and options contracts for cryptocurrencies such as Bitcoin, Ethereum, and others.
Bybit is known for its user-friendly interface, advanced trading features, and emphasis on security. It supports leveraged trading, which enables users to amplify potential profits or losses. Bybit provides a range of order types and trading tools, including customizable charts and technical indicators.
ToolsGPT is a platform that combines the advanced machine learning and artificial intelligence capabilities of ChatGPT. It is designed to provide traders with valuable insights and analysis to enhance their trading strategies. With ToolsGPT, traders can use various functionalities such as technical analysis, funding analysis, model prediction, insights, and recommendations.
AI is increasingly used in the crypto industry. From the creation of AI-based tokens such as Fetch.io, Oasis Network (Rose), Render (RNDR), and Injective Protocol (INJ), to AI trading bots like the one being integrated into Bybit.
Bybit has taken steps to expand its reach and adjust to the crackdowns on the crypto industry. While the crypto exchange launched its new headquarters in Dubai in April and started its first lending services in May, it exited the Canadian market at the end of May.
It exited Canada because it disagreed with the Canadian regulators on how the crypto market should be managed in the country. “It has always been Bybit’s primary objective to operate our business in compliance with all relevant rules and regulations in Canada,” Bybit says.