CoinMarketCap, a cryptocurrency data aggregator owned by Binance, has introduced a groundbreaking extension. This extension is tailored for the Large-Language Model (LLM)-powered AI chatbot, ChatGPT.
As per the proclamation on October 11, users can tap into this functionality by logging into their ChatGPT Plus account and activating the extension. This empowers users to inquire about an array of cryptocurrency-related queries.
Notably, there’s no supplementary charge for utilizing the extension, aside from the standard $20 monthly subscription fee for ChatGPT Plus.
The creators explained, “The basic ChatGPT has limited utility for crypto enthusiasts, as its data primarily encompasses information up to September 2021. Furthermore, ChatGPT’s recently expanded web browsing capabilities are similarly restricted in their ability to offer real-time crypto data.”
Advancements in AI Integration within Cryptocurrency Ecosystem
The LLM possesses the capability to provide responses to uncomplicated queries, ranging from inquiries like “What’s the correlation between Bitcoin and Ethereum in 2023?” to “How do alterations in token distribution methods (ICO/IDO/launchpads, etc.) correspond with observable price volatility?”
Thanks to the integration, ChatGPT can now draw queries directly from CoinMarketCap. These queries feature live data, including listings, top gainers and losers, as well as the most recent blockchain statistics, among other information. Moreover, it’s important to note that this tool is compatible with both desktop and mobile platforms.
Currently, numerous exchanges are actively exploring artificial intelligence (AI) technologies in the midst of the ChatGPT phenomenon.
In July, Cointelegraph reported that the Bitget crypto exchange made a significant move. They launched an AI-driven feature specifically designed for their grid trading strategies. This feature harnesses the potential of trading algorithms, enabling the automation of transactions for its users.
During an interview, Gracy Chen, the Managing Director at Bitget, discussed the exchange’s use of AI tools for translation purposes. These tools are employed across multiple languages, benefiting the customer service department.
Simultaneously, the Nasdaq exchange recently secured approval from the United States Securities and Exchange Commission for AI-guided trade orders. Furthermore, Binance, a cryptocurrency exchange heavyweight, has introduced an AI-driven nonfungible token generator exclusively for verified users.