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Crypto data aggregator CoinMarketCap, which is owned by the cryptocurrency exchange Binance, has developed a new plugin for the large-language model (LLM)-based AI chatbot ChatGPT.
As per the announcement made on Oct. 11, users can utilize this feature by logging into their ChatGPT Plus account and activating the plugin, enabling them to pose a range of crypto-related inquiries to the LLM. There is no extra charge for using the plugin, apart from the $20 monthly subscription fee for ChatGPT Plus. “The standard ChatGPT offers limited functionality for crypto enthusiasts, as its data is primarily confined to September 2021. Additionally, ChatGPT’s newly enhanced web browsing features also have constraints in providing real-time crypto data,” the developers noted.
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The LLM can produce responses for straightforward questions such as “What is the correlation between Bitcoin and Ethereum in 2023?” to “How do differences in token distribution models (ICO/IDO/launchpads, etc.) relate to observed price volatility?” With this integration, prompts generated by ChatGPT are directly sourced from CoinMarketCap, featuring real-time data such as listings, gainers and losers, and the latest blockchain statistics. The tool is designed to work on both desktop and mobile platforms.
Numerous exchanges are currently exploring artificial intelligence (AI) technologies in light of the ChatGPT surge. In July, Cointelegraph reported that the crypto exchange Bitget introduced an AI-driven feature for its grid trading strategies, utilizing trading algorithms to automate transactions for users. In an interview, Gracy Chen, managing director at Bitget, disclosed that the exchange employs AI tools for translation in its multi-language services as well as for its customer support operations.
At the same time, the Nasdaq exchange received authorization from the United States Securities and Exchange Commission last month for AI-based trade orders. The crypto exchange Binance has also rolled out an AI-powered non-fungible token generator for verified users.
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