Upbit Unveils AI Tools for Crypto Price Analysis

Upbit, Korea's largest cryptocurrency exchange, has enhanced its AI-powered market analytics platform with new tools that provide real-time explanations for crypto price movements. The new features, announced by Dunamu, the operator of Upbit, include the AI Market Report and the Uptrace service. The AI Market Report is a 90-second video that uses the Upbit composite index, major asset prices, top gainers and losers, and market sentiment indicators to explain broad market trends and pinpoint the reasons behind price movements for individual digital assets. The report is released at 10 a.m. on weekdays on Upbit Data Lab and Upbit's official YouTube channel.

The Uptrace service tracks price data and related news for individual assets, allowing users to click on diamond-shaped icons on an asset's chart to see the AI analysis and related news for that point in time. Dunamu also reorganized its existing AI News Briefing into two services: Real-time Issues and Topic NOW. Real-time Issues sorts crypto news by issue and ranks it by importance, while Topic NOW groups scattered reports into a single topic, summarizing each in three paragraphs or fewer and tracing how it has developed.

Dunamu's chief data officer stated that the digital asset market moves around the clock, making it difficult for users to check and interpret vast amounts of data and news on their own. The company will continue to upgrade related services, using AI to create an environment where complex market information can be understood more easily and quickly. The platform added a composite technical indicator in May, a tracker of fund flows into U.S. spot Bitcoin and Ether exchange-traded funds in June, and an asset screener in August.