Flipster FZE Secures In-Principle Approval from VARA, Advancing Regulated Crypto Access in Dubai

Flipster FZE, a global cryptocurrency trading platform, has secured in-principle approval from Dubai's Virtual Assets Regulatory Authority (VARA), marking a pivotal step in its expansion into the Middle East and reinforcing its commitment to regulated digital asset access. The approval allows Flipster FZE to progress toward offering regulated virtual asset services under VARA's framework, with spot trading as the initial offering.

This regulatory milestone reflects Flipster's long-term strategy to operate within established regulatory frameworks in key global markets. "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 in-principle approval is particularly significant given the UAE's emergence as a global hub for digital asset innovation. Dubai's regulatory clarity and maturing digital asset ecosystem continue to position it as a strategic base for Flipster's global growth plans. The approval demonstrates how clear regulatory frameworks can foster innovation while maintaining necessary safeguards for investors and the broader financial system.

Flipster's regulatory progress is matched by its continued enhancement of its compliance infrastructure. 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. This collaboration underscores the importance of robust compliance tools in meeting the demands of regulated markets.

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. Grolimund's experience in navigating complex regulatory environments brings valuable expertise to Flipster's expansion strategy. His background suggests a deliberate approach to building trust with regulators and users alike.

For users, the VARA approval signals that Flipster FZE is committed to operating as a regulated entity, which typically involves enhanced security measures, transparent operations, and adherence to strict compliance standards. This can provide greater peace of mind for traders who prioritize security and regulatory oversight when choosing a cryptocurrency exchange.

About Flipster FZE Flipster FZE is a regulated digital asset exchange planning to offer spot trading across leading cryptocurrencies. The platform is engineered for dependable execution, transparent pricing, and a streamlined user experience. With a strong emphasis on compliance and security, Flipster provides users with a trusted venue to access digital asset markets with confidence.

Users can learn more at flipster.io or follow X.

Contact Flipster [email protected]

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies are speculative, complex, and involve high risks. This can mean high price volatility and potential loss of your initial investment. You should consider your financial situation, investment purposes, and consult with a financial advisor before making any investment decisions. The HackerNoon editorial team has only verified the story for grammatical accuracy and does not endorse or guarantee the accuracy, reliability, or completeness of the information stated in this article.

This story was published as a press release by Chainwire under HackerNoon's Business Blogging Program.