CoinMarketCap, the cryptocurrency data aggregator under the umbrella of Binance, has introduced an innovative plugin that enhances the capabilities of the large-language model (LLM) based AI chatbot, ChatGPT.
As of the announcement made on October 11th, users can access this feature by logging into their ChatGPT Plus accounts and simply enabling the plugin. This addition allows users to pose a wide range of cryptocurrency-related queries to the LLM. Importantly, this plugin is available at no extra cost beyond the standard $20 per month subscription fee for ChatGPT Plus.
Developers underscored that the base version of ChatGPT is somewhat limited for crypto enthusiasts, as it primarily offers data up to September 2021. Moreover, ChatGPT’s extended web browsing features still have constraints in providing real-time crypto data.
The large-language model can respond to basic questions such as “What is the correlation between Bitcoin and Ethereum in 2023?” and more complex inquiries like “How do variations in token distribution models (ICO/IDO/launchpads, etc) affect observed price volatility?” Through this integration, prompts generated by ChatGPT are directly sourced from CoinMarketCap, ensuring that users receive real-time information regarding cryptocurrency listings, gainers, losers, the latest blockchain statistics, and more. This tool is designed to work seamlessly on both desktop and mobile devices.
Across the cryptocurrency landscape, various exchanges are exploring the potential of artificial intelligence (AI) technologies in light of the growing popularity of ChatGPT. In a notable instance, crypto exchange Bitget launched an AI-powered feature for its grid trading strategies back in July. This leveraged trading algorithms to automate transactions for users. Gracy Chen, Bitget’s managing director, shared that AI tools are also being employed for translations in multiple languages and customer support.
Concurrently, the Nasdaq exchange secured approval from the United States Securities and Exchange Commission the previous month for AI-driven trade orders. Binance, the parent company of CoinMarketCap, has ventured into AI-powered technology as well, unveiling an AI-based nonfungible token generator for verified users. This development underscores the broader trend of AI integration in the cryptocurrency and trading space.