Flipster FZE Secures In-Principle Approval from VARA, Reinforcing Commitment to Regulated Crypto Access

TheNewsCryptoPublished on 2026-02-12Last updated on 2026-02-12

Abstract

Flipster, a global cryptocurrency trading platform, has received in-principle approval from Dubai’s Virtual Assets Regulatory Authority (VARA) under Flipster FZE. This approval marks a key milestone in Flipster’s expansion into the Middle East and reinforces its focus on providing safe, compliant access to digital assets in regulated markets. The approval allows Flipster FZE to progress toward offering regulated virtual asset services, starting with spot trading, under VARA’s framework. Benjamin Grolimund, General Manager at Flipster FZE, stated that this step reflects confidence in the company’s commitment to the region and aligns with the UAE’s regulatory clarity and growing digital asset ecosystem. Flipster has also enhanced its compliance infrastructure through a partnership with Chainalysis, strengthening transaction monitoring and risk management capabilities. The platform aims to offer a trusted, user-friendly experience with an emphasis on security and regulatory adherence.

Dubai, UAE, February 12th, 2026, Chainwire

Flipster, a global cryptocurrency trading platform, has received in-principle approval from Dubai’s Virtual Assets Regulatory Authority (VARA) under Flipster FZE. The approval is a key milestone in Flipster’s expansion into the Middle East and reinforces its focus on building safe, compliant access to digital assets in regulated markets.

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. It 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.”

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.

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. The UAE’s regulatory clarity and maturing digital asset ecosystem continue to position it as a strategic base for Flipster’s global growth plans.

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]

Related Questions

QWhat is the significance of Flipster FZE receiving in-principle approval from VARA?

AThe in-principle approval from VARA is a key milestone for Flipster's expansion into the Middle East and reinforces its commitment to providing safe, compliant access to digital assets in regulated markets.

QWhat services will Flipster FZE initially offer under VARA's regulatory framework?

AFlipster FZE will initially offer spot trading services under VARA's regulatory framework.

QWho is Benjamin Grolimund and what role does he play at Flipster FZE?

ABenjamin Grolimund is the General Manager at Flipster FZE, a seasoned fintech executive with prior leadership roles at Rain and Bloomberg.

QHow does Flipster's partnership with Chainalysis enhance its operations?

AThe partnership with Chainalysis enhances Flipster's capabilities in transaction monitoring and risk management, supporting its readiness to meet VARA's regulatory standards.

QWhen did Flipster first announce its entry into the Middle East market?

AFlipster first announced its entry into the Middle East market in May 2025.

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