Crypto Trading Platform Flipster Doubles Down on Middle East Expansion With UAE Leadership Hire
Dubai’s crypto gold rush gets another prospector as Flipster plants its flag in the region. The trading platform just onboarded a UAE general manager to spearhead its desert conquest—because what’s a bull market without some territorial posturing?
While regulators elsewhere play whack-a-mole with exchanges, the Middle East keeps rolling out the red carpet (between occasional rug pulls). Smart timing—oil money’s gotta park somewhere now that 90% of sovereign wealth funds are dabbling in digital assets.
One thing’s certain: When the next bull run hits, everyone will claim they saw it coming—especially the suits who spent 2023 calling crypto dead.
TLDR
- Flipster cryptocurrency trading platform announces expansion into Middle East region with new regional leadership appointment
- Benjamin Grolimund joins as General Manager of UAE, bringing nearly two decades of digital assets experience from Rain and Bloomberg
- UAE crypto transactions grew 42% year-on-year, making Middle East a strategic growth market for crypto platforms
- Flipster’s trading volume increased 856% in 2024 with user assets growing over 6,000% across existing markets
- Platform offers over 350 trading pairs with zero trading fees and up to 100x leverage for spot and perpetual futures trading
Flipster has announced its expansion into the Middle East cryptocurrency market with the appointment of Benjamin Grolimund as General Manager for the UAE. The move comes as the region shows strong growth in digital asset adoption.
Grolimund brings nearly two decades of experience in digital assets and business operations to his new role. He previously worked at Rain, the first fully regulated VIRTUAL Assets Brokerage and Custodian in the Middle East.
Before joining Rain, Grolimund founded and served as CEO of Finally Technologies. He also held the position of Regional Head of MEA at Bloomberg, giving him extensive knowledge of Middle Eastern markets.
The UAE has emerged as a key market for cryptocurrency trading and investment. Crypto transactions in the country grew 42% year-on-year according to the company’s announcement.
The Middle East region offers progressive regulations that support cryptocurrency businesses. A thriving fintech ecosystem and skilled talent pool make it attractive for global crypto platforms.
Strong Platform Performance Drives Expansion
Flipster’s decision to expand follows strong performance metrics from 2024. The platform saw trading volume increase by 856% across its existing markets during the past year.
User assets on the platform grew by more than 6,000% over the same period. These growth figures helped position Flipster as a leading derivatives trading platform.
The platform currently offers over 350 trading pairs across spot and perpetual futures markets. Users can access zero trading fees, tight spreads, and leverage up to 100x on trades.
Flipster allows users to earn APR rewards on USDT while actively trading. This feature aims to maximize capital efficiency for platform users.
Regional Leadership and Compliance Focus
Grolimund will oversee business and operational strategies for Flipster in the UAE region. His appointment comes during what the company describes as a pivotal growth phase.
The new General Manager emphasized the importance of regulatory compliance in his new role. He stated his focus will be on establishing a compliant and operationally sound presence in the region.
Platform Features and Market Position
Flipster positions itself as a fast, secure, and intuitive cryptocurrency trading platform. The company emphasizes security and user experience in its platform design.
The platform combines various trading features to serve both new and experienced traders. Speed, transparency, and reliability are key elements of the platform’s design philosophy.
Flipster’s expansion strategy targets regions with strong demand for digital assets. The Middle East fits this criteria with its engaged and informed investor base.
