Cryptocurrency data aggregator CoinMarketCap, owned by cryptocurrency exchange Binance, has created a new plugin for its AI-based Large Language Model (LLM) Chatbot.
According to October 11 advertisement, users can access the feature by logging into their ChatGPT Plus account and simply enabling the plugin, allowing them to ask a variety of crypto-related questions to LLM. There are no additional fees to use the plugin, except for the $20 per month subscription fee for ChatGPT Plus. “Basic ChatGPT is of limited use for crypto enthusiasts, as data is mostly restricted until September 2021. ChatGPT’s recently expanded web browsing capabilities also have limitations in presenting real-time crypto data,” the developers wrote.
LLM is able To generate answers to simple questions like “How related are Bitcoin and Ethereum in 2023?” to “How do differences in token distribution models (ICO/IDO/launchpads, etc.) relate to observed price fluctuations?” Through the integration, the claims generated by ChatGPT are sourced directly from CoinMarketCap, with real-time information such as list, winners and losers, latest blockchain statistics, etc. The tool is compatible with both desktop and mobile devices.
Many exchanges are currently experimenting with artificial intelligence (AI) technologies amid the ChatGPT boom. In July, Cointelegraph reported that cryptocurrency exchange Bitgate launched an AI-powered feature for its grid trading strategies, leveraging the use of trading algorithms to automate transactions for users. In an interview, Gracie Chen, Managing Director at Bitget, revealed that the exchange uses AI tools to handle translation for its multilingual services as well as its customer service department.
Meanwhile, Nasdaq received approval from the US Securities and Exchange Commission last month for AI-based trade orders. Cryptocurrency exchange Binance has also launched an AI-powered non-fungible token generator for verified users.
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