The Rise of AI — Unveiling the Future of Crypto Trading

Dive deep with us as we explore the first community-driven research on the intersection of AI and crypto. Through this research, we hope to gain insights on how AI is changing the game for crypto traders. 

Our research covers 3 main questions:

- What's the current use of AI in the crypto market and how do traders feel about it?

- What are our affiliates’ opinions on AI's role in crypto trading?

- What's the future of AI in crypto, and what opportunities and challenges lie ahead?

Discover insider insights from Bybit affiliates about the game-changing potential of AI in the world of crypto trading and beyond. Dive deeper into the conversation as we reveal what our community truly thinks about investing with this groundbreaking technology.

Finding #1

It is no surprise that institutions think highly of AI’s power in transforming crypto trading, however it is interesting that the majority of them are hesitant about crypto’s AI projects.

Finding #2

Crypto-native chatbots are blossoming. However, in its current form, those chatbots are still less preferred by institutional investors than ChatGPT.

Finding #3

Due to demanding requirements on hardware and software, affiliates believe centralized players stand a higher chance of developing good crypto-native AI tools. This is likely due to superior resource planning by CEXes (Centralized Exchanges). Interviews with affiliates indicated that CEXes are particularly likely to launch revolutionary crypto’s AI products compared to other industry players.

Finding #4

A majority of our affiliates primarily use AI for assistance in generating investment ideas. Coupled with our findings that there are many concerns about the privacy and security of AI-empowered crypto trading tools, fully automated AI trading can not be said to be fully reliable at its current stage.

Finding #5

While AI trading tools are generally accessible to the broader public, it is interesting to note that affiliates think institutions are the main beneficiaries of the AI revolution. From our interviews with affiliates, they believe that AI trading tools could become very complex, leading to an advantage for institutions relative to retail traders.

Our Belief in AI’s Revolution on Crypto Trading

Bybit, as the leading crypto exchange, takes pride in revolutionizing your trading experiences. Our AI tools will continue to evolve. Check out our latest release, ToolsGPT, the latest addition to our Tools Discovery family!