Flipster crypto exchange receives in principle approval from VARA in Dubai
Flipster, a cryptocurrency trading platform, has received in-principle approval from Dubai’s Virtual Assets Regulatory Authority (VARA) under Flipster FZE.
As per the press release, this is a milestone in Flipster’s expansion into the Middle East. The in-principle approval allows Flipster FZE to progress toward offering regulated virtual asset services under VARA’s framework, with spot trading as the initial offering.
“This milestone is a meaningful vote of confidence in our long-term commitment to the region,” said Benjamin Grolimund, General Manager at Flipster FZE. “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 platform’s partnership with Chainalysis enhances its capabilities in transaction monitoring and risk management, supporting Flipster’s readiness to meet VARA’s regulatory standards and operate with greater accountability and oversight.
Flipster first announced its entry into the Middle East in May 2025, with the appointment of Benjamin Grolimund, a seasoned fintech executive with prior leadership roles at Rain and Bloomberg.
