Flipster Expands into Middle East Region, Appoints UAE General Manager

Panama City, Panama (May 27, 2025) – Flipster, a global cryptocurrency trading platform, has announced its expansion into the Middle East region. As part of this move, the company has appointed a regional head to drive innovation and growth in what it identifies as a high-potential market.

The expansion comes as the Middle East continues to emerge as a significant hub for cryptocurrency adoption. The United Arab Emirates (UAE), a key focus area for Flipster, saw substantial growth with 42% year-on-year increase in crypto transactions last year.

The region’s progressive regulations, thriving fintech ecosystem, and skilled talent pool are highlighted as factors solidifying its position as a financial powerhouse.

Benjamin Grolimund has been appointed as General Manager of the UAE for Flipster. Grolimund joins from Rain, a regulated Virtual Assets Brokerage and Custodian in the Middle East, and brings nearly two decades of experience in scaling business operations and driving compliant digital assets innovation in the region. His previous roles include founding and serving as CEO of Finally Technologies, and Regional Head of MEA at Bloomberg.

In his new role, Grolimund will oversee Flipster’s business and operational strategies in the Middle East.

His appointment comes during a significant growth phase for Flipster, reinforcing its commitment to providing traders of all experience levels with seamless global access to crypto trading.

“Joining Flipster at this pivotal moment is an exciting opportunity to contribute to a bold vision for the future of digital asset trading,” said Benjamin Grolimund on the announcement. “The Middle East’s progressive regulatory environment and commitment to financial innovation provide an ideal foundation for responsible growth. My focus will be on establishing a strong, compliant, and operationally sound presence in the region—ensuring we build with integrity, safety, and long-term scalability. I’m proud to be part of a team that is setting new standards in the industry and driving the next phase of global expansion.”

This expansion into the Middle East is described as a natural step in Flipster’s global strategy, driven by strong regional demand for digital assets and an engaged investor base. The move builds on Flipster’s notable performance in 2024, which saw an 856% increase in trading volume and total user assets grow by over 6,000% across existing markets. With Grolimund’s leadership, Flipster aims to support the region’s growing digital asset ecosystem and execute its strategic expansion plan confidently while maintaining high compliance standards.

Flipster is a global cryptocurrency trading platform offering fast, secure, and intuitive access to digital assets. It provides over 350 trading pairs across spot and perpetual futures markets, featuring zero trading fees, tight spreads, and up to 100x leverage. The platform allows users to trade and earn simultaneously, with USDT used for trading continuing to earn APR rewards. Focused on security and user experience, Flipster aims to provide the speed, transparency, and reliability traders need.

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