VARA Grants In-Principle Greenlight to Flipster FZE for Regulated Crypto Access

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Top global trading platform Flipster has secured in-principle approval from Dubai’s Virtual Assets Regulatory Authority (VARA) under the name Flipster FZE. The approval marks a major milestone in the platform’s Middle East expansion and aligns with its focus on providing safe, regulated, and compliant access to crypto assets.

With this approval, Flipster can now offer regulated virtual asset services under VARA’s framework, with spot trading as the initial offering, with additional offerings to follow. The leading trading platform has always sought to operate within established regulatory frameworks in key global markets, and this license opens access to such environments in the Middle East.

Dubai is known as one of the jurisdictions most welcoming to digital assets, but also one of the strictest in regulating the industry. Only top crypto trading platforms have secured clearance to offer crypto asset services so far, and Flipster’s similar approval is noteworthy.

Commenting, Benjamin Grolimund, General Manager at Flipster FZE, said:

“This milestone is a meaningful vote of confidence in our long-term commitment to the region. The Middle East has become a blueprint for how digital assets should be regulated and adopted. VARA’s clear framework enables innovation while prioritizing trust and security — and we’re committed to building trading solutions that meet the highest standards globally.”

The approval, however, is not much of a surprise, given that Flipster has consistently enhanced its compliance infrastructure. Through its partnership with Chainalysis, the platform has enhanced its transaction monitoring and risk management capabilities, positioning it to meet VARA’s strict regulatory standards and operate with greater accountability and oversight.

Since the appointment of Benjamin Grolimund, a seasoned fintech executive with prior leadership roles at Rain and Bloomberg, Flipster has advanced in its entry into the Middle East, leveraging the UAE’s regulatory clarity and maturing digital asset ecosystem to position itself for global growth. Spot trading will be available across top digital assets, including Bitcoin and Ethereum, with plans to expand offerings.