Flipster FZE Receives Approval from VARA
On February 12, 2026, Flipster FZE received significant in-principle approval from the Virtual Assets Regulatory Authority (VARA) in Dubai, a crucial development that marks the company’s strategic move into the Middle Eastern market. This approval is a testament to Flipster’s commitment to providing secure and compliant access to digital assets in markets that adhere to regulatory norms.
Regulated Virtual Asset Services
The green light from VARA allows Flipster to begin laying the groundwork for regulated virtual asset services, starting with spot trading offerings. This aligns with Flipster’s overarching strategy to navigate and operate within established regulatory frameworks in important global territories.
Leadership Insights
Benjamin Grolimund, General Manager of Flipster FZE, expressed optimism regarding this significant step, stating, “This milestone is a meaningful vote of confidence in our long-term commitment to the region.”
Grolimund highlighted the Middle East as a leading example for the regulation and adoption of digital assets, noting that VARA’s structured guidelines foster innovation while emphasizing trust and safety. He reaffirmed Flipster’s dedication to developing trading solutions that align with the highest international standards.
Compliance Infrastructure Enhancement
In addition to securing regulatory approval, Flipster is actively bolstering its compliance infrastructure. In partnership with Chainalysis, the platform aims to enhance its transaction monitoring and risk management capabilities, ensuring it meets VARA’s regulatory benchmarks and strengthens its accountability.
Expansion Plans
Flipster first announced plans to expand into the Middle East in May 2025, appointing Grolimund, a seasoned fintech leader with previous tenures at Rain and Bloomberg, to spearhead this initiative. The United Arab Emirates (UAE) continues to serve as a pivotal hub for Flipster’s ambitions, thanks to its progressive regulatory landscape and evolving digital asset environment.
Commitment to Users
As a regulated digital asset exchange, Flipster FZE aims to offer a stable platform for spot trading across major cryptocurrencies, prioritizing reliable execution, transparent pricing, and an enjoyable user experience. Committed to high standards of compliance and security, Flipster ensures that its users have a trustworthy avenue to engage with the digital asset market.
To learn more about Flipster, visit their website at flipster.io or find them on X.
