Flipster’s UAE Expansion and What It Signals About Competing in a Regulated Market
Flipster secured in-principle approval from Dubai's VARA, signaling a commitment to regulated growth in the UAE's clear crypto framework.Summary
Perpetuals-focused trading platform Flipster received in-principle approval from Dubai's Virtual Assets Regulatory Authority (VARA) through its local entity, Flipster FZE, marking its debut in a regulated market. Benjamin Grolimund, General Manager at Flipster FZE, cited the UAE's regulatory clarity and economic ambition as key drivers, viewing regulatory predictability as a competitive advantage for long-term expansion.
Achieving this required significant internal efforts, including formalizing governance, refining risk assessment, and embedding compliance into core processes rather than treating it as an external layer. Flipster established a physical presence in Dubai, emphasizing that licensing is the starting point for building something durable, not just an expansion milestone.
Initially, Flipster will move toward regulated spot trading. Grolimund noted that operating under supervision challenges the exchange to maintain its focus on deep liquidity and execution quality while adhering to stronger governance, suggesting that the future competitive landscape will favor platforms that can sustain performance under strict regulatory structures.
(Source：BeInCrypto)