Crypto data aggregator owned by Binance – CoinMarketCap – has recently introduced a new plugin for the large-language model (LLM)-based AI chatbot ChatGPT.
In an announcement on October 11, users can activate this feature by logging into their ChatGPT Plus account and enabling the plugin. They will then be able to pose various crypto-related queries to get informative answers, which were not fully addressed previously: “The base ChatGPT has limited use to crypto enthusiasts, as data is mostly restricted up to Sep 2021. ChatGPT’s recently-expanded web browsing capabilities likewise have limitations in serving real-time crypto data,” developers wrote. This novel plugin also requires no additional fee besides the existing $20-per-month subscription fee for ChatGPT Plus.
The LLM can generate responses to straightforward questions like “How correlated are Bitcoin and Ethereum in 2023?” and complex inquiries about the correlation between variations in token distribution models (ICO/IDO/launchpads, to name but a few) and observed price volatility. These prompts are directly sourced from CoinMarketCap, providing real-time information on listings, gainers and losers, latest blockchain statistics, and more. Apparently, the plugin is compatible with both desktop and mobile devices to meet a broader range of users.
Akin to CoinMarketCap, several exchanges are currently exploring artificial intelligence (AI) technologies in the wake of the ChatGPT phenomenon. A crypto exchange named Bitget launched an AI-powered feature for grid trading strategies in July, utilising trading algorithms to automate transactions. Gracy Chen, managing director at Bitget, disclosed in an interview that AI tools are employed for translation in multi-language services and customer support. Simultaneously, Nasdaq received approval from the U.S. Securities and Exchange Commission for AI-based trade orders last month. Binance has also introduced an AI-powered non-fungible token generator for verified users.