Bybit’s ChatGPT Tool Brings AI-Powered Insights for Traders

Crypto exchange Bybit integrates OpenAI’s ChatGPT into its trading, offering an AI-based ToolsGPT for traders.

Bybit robot with ChatGBT logo.
Created by Kornelija Poderskytė from DailyCoin
  • Bybit integrates OpenAI’s ChatGPT into its trading platform.
  • ToolsGPT allows traders to perform technical analysis, analyze price data, and access other essential metrics.
  • Bybit is just one of many crypto companies that recently integrated ChatGPT. 

With the AI hype running high, more and more crypto companies are jumping on the bandwagon. Most recently, crypto exchange Bybit integrated ChatGPT into its platform to help traders analyze market data.

On Thursday, June 15, Bybit announced an AI-based tool, ToolsGPT, that automates market data analysis.

Bybit Unveils AI-Powered Trading

The new feature, ToolsGPT, is an AI chatbot that users can query for technical analysis, backtested price data, and other essential metrics. This integration allows Bybit traders to analyze future price trends based on past data and technical indicators.


The integration of AI into cryptocurrency trading platforms like Bybit is a testament to the growing influence of AI in the financial sector. In particular, AI-powered trading systems can analyze vast amounts of real-time data, providing traders with valuable insights.

“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,” Bybit CEO Ben Zhou explained.

Bybit Just One Crypto Firm Racing to Integrate AI

The move is part of a broader trend in the tech industry, with companies racing to integrate AI, and ChatGPT in particular, into their offerings. 


For instance, in April 2023, Binance launched Binance Sensei, an AI assistant to guide users through the platform. Just a month later, launched its own ChatGPT-powered user assistant, dubbed Amy

In May 2023, Solana Labs launched a ChatGPT-powered plugin that lets users interact with its blockchain. The plugin lets users check wallet balances, transfer Solana-native tokens, and trade nonfungible tokens (NFTs).

On the Flipside

  • While integrating AI into crypto trading platforms presents numerous advantages, it also has limitations. No AI-trading model can accurately predict future market movements. 
  • Blockchain and AI tech have certain important synergies, according to the World Economic Forum. This means that the growth of AI favors the crypto space and vice versa. 

Why This Matters 

Bybit’s AI integration highlights the growing interest in AI in the crypto space and the opportunities for AI use cases in crypto. 

Read more about AI trends in crypto: 

AI in the Crypto Market: How to Stay Ahead of the Trends

Read more about the latest developments in the FTX fraud case: 

SBF Scores a Win: DOJ Will Focus on Just 8 Charges, for Now

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

David Marsanic

David Marsanic is a journalist for DailyCoin who covers the intersection of crypto, traditional finance, and government. He focuses on institutionalized crypto entities like major cryptocurrency exchanges and Solana, breaking down complex topics into easy-to-understand writing. David's prior experience as a business journalist at various crypto and traditional news sites has enabled him to maintain a critical approach to news while adhering to high journalistic integrity standards.