#TradingTools101 Cryptocurrency exchange ByBit has partnered with OpenAI’s language model chatbot, ChatGPT, to offer traders a range of advanced trading tools powered by artificial intelligence (AI). By integrating ChatGPT into its market data, ByBit’s ToolsGPT now provides technical analysis, price data, and bespoke answers to traders’ inquiries. The service is designed to cater to traders of varying experience levels and is freely accessible to all users of the exchange.

## Leveraging AI for Cryptocurrency Trading

ByBit’s ToolsGPT is able to analyze price trends based on market data for a variety of cryptocurrencies. The integration of ChatGPT’s machine learning technology enables the service to provide insights and predictions to various cryptocurrency trading scenarios. The service also takes into account technical indicators to forecast future market movements. ByBit CEO Ben Zhou highlighted the innovative move as a commitment to empowering traders with advanced tools and insights.