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Dubai Becomes Home To Cryptocurrency Exchange Bybit
Bybit attracts cryptocurrency users with its intuitive trading platform and 99.9% availability track record.
Bybit has just joined the growing list of cryptocurrency exchanges that have settled in Dubai after the emirate embarked on a path to becoming a crypto-friendly destination with a robust regulatory regime.
Founded in 2018, Bybit currently has over two million registered users, who use the exchange to buy, sell, trade, and earn with cryptocurrencies.
According to the official announcement, Bybit wants to move its headquarters to Dubai and offer a full suite of products and services in the UAE from April 2022 onwards.
“We are pleased to announce that Bybit has received in-principle approval to conduct a full spectrum of virtual assets business in the UAE,” states the exchange in the official announcement.
Bybit attracts cryptocurrency users with its intuitive trading platform and 99.9 percent availability track record. In addition to spot trading, Bybit users can also speculate, hedge, and increase leverage with futures contracts.
Other cryptocurrency exchanges that have a virtual asset to operate in Dubai include Binance, the world’s largest cryptocurrency exchange, and Crypto.com, a Singapore-based cryptocurrency exchange powered by the CRO token.
“Virtual assets such as cryptocurrency and blockchain have changed finance forever,” said H.E. Dr Thani Al Zeyoudi, UAE Minister of State for Foreign Trade and Minister in Charge of Talent Attraction and Retention. “To stay ahead in this fast-changing industry, we are building a business-friendly ecosystem with robust regulations to attract, retain and enable high-growth companies.”
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So far, the effort is bearing fruit because the Middle East is one of the fastest-growing cryptocurrency markets in the world, accounting for 6.6 percent of global cryptocurrency activity.
In the UAE alone, the digital economy contributes around 4.3 percent to the gross domestic product, and the number is expected to increase as more and more exchanges like Bybit take advantage of the favorable regulatory environment.
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Deezer Says AI Tracks Now Make Up 44% Of Uploads
The streamer says nearly 75,000 AI-made songs now hit its platform each day, even as those tracks account for just 1% to 3% of plays.
AI-generated music is becoming a real headache for music platforms, according to Deezer. The streaming service says it now receives nearly 75,000 AI-made tracks a day, equal to about 44% of all daily uploads to the platform.
The figure is up sharply from 10,000 daily AI uploads when Deezer launched its detection tool back in January 2025. The jump shows how quickly products such as Suno and Udio have made song creation cheap, fast, and easy to scale.
Despite the volume, Deezer says AI tracks still only account for 1% to 3% of total streams. The music gets few human listeners, but upload pressure is rising. The company says it is also seeing more “fraudulent” submissions.
Its response so far has been practical. Deezer has removed AI-generated songs from recommendation systems, demonetized them, and stopped storing high-resolution versions of those files.
The company also says it’s the only streaming platform currently tagging AI-generated tracks at scale, using that claim to position its moderation tools as a wider industry model.
“AI-generated music is now far from a marginal phenomenon and as daily deliveries keep increasing, we hope the whole music ecosystem will join us in taking action to help safeguard artist’s rights and promote transparency for fans,” CEO Alexis Lanternier said in a blog post.
Deezer has started licensing the detection technology to other companies, turning an internal control system into a commercial product. It says the tool can already identify music created with Suno and Udio, and can be extended to other generators if training data is available.
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The company is also working on detection methods that would not require training datasets, a harder technical step that could widen coverage as new music models appear.
Rivals are taking mixed approaches. Spotify has rolled out policies aimed at curbing AI music. Apple Music is asking artists and labels to disclose AI-made tracks. Qobuz has begun automated labeling, while Bandcamp has banned AI music outright.
For now, Deezer’s numbers suggest the real issue is not listener demand. It’s supply.
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