Panama City, Panama, May 27, 2025 – Flipster, a prominent global cryptocurrency trading platform, has officially announced its strategic expansion into the Middle East. This move includes the appointment of a new regional head to spearhead innovation and growth in this high-potential market. The expansion is timely, given the Middle East's emergence as a significant global hub for cryptocurrency adoption.

The United Arab Emirates (UAE), a key market in the region, experienced a remarkable 42% year-on-year growth in crypto transactions last year. This surge is supported by progressive regulatory frameworks, a thriving fintech ecosystem, and a highly skilled talent pool. These factors are solidifying the Middle East's position as a financial powerhouse, offering global entities like Flipster access to vital business networks and capital.

To lead its efforts in the region, Flipster has appointed Benjamin Grolimund as the General Manager of the UAE. Grolimund brings nearly two decades of experience in scaling business operations and driving compliant digital assets innovation. His previous roles include positions at Rain, the first fully regulated Virtual Assets Brokerage and Custodian in the Middle East. Before Rain, he was the founder and CEO of Finally Technologies and served as the Regional Head of MEA at Bloomberg. In his new role, Grolimund will oversee Flipster’s business and operational strategies in the UAE.

This appointment aligns with a pivotal growth phase for Flipster, underscoring its commitment to providing traders of all experience levels with seamless, global access to cryptocurrency trading. Expanding into the Middle East is a natural progression in Flipster’s global strategy, driven by the region’s robust demand for digital assets and a highly engaged, well-informed investor base. This initiative builds upon Flipster's strong performance in 2024, which saw an impressive 856% increase in trading volume across its existing markets.

“Joining Flipster at this pivotal moment is an exciting opportunity to contribute to a bold vision for the future of digital asset trading,” stated Benjamin Grolimund, General Manager of the UAE at Flipster. “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.”

With Grolimund’s leadership, Flipster is well-positioned to support the region’s expanding digital asset ecosystem and confidently execute its vision for strategic expansion. The company's expansion into the Middle East also signals its commitment to collaborating with regulators, industry partners, and the broader community. This collaborative approach aims to shape the future of digital assets while ensuring traders worldwide remain at the forefront of a rapidly evolving market, all while upholding the highest standards of compliance.

Flipster is recognized as a global cryptocurrency trading platform that delivers fast, secure, and intuitive access to a wide array of digital assets. The platform offers over 350 trading pairs across both spot and futures markets, featuring up to 100x leverage and zero trading fees. These offerings are designed to equip traders with the necessary tools to execute their strategies efficiently. Beyond trading functionalities, Flipster provides users with access to capital-efficient opportunities, including various earning programs and token airdrops.

Built on a robust foundation of security, transparency, and user-first innovation, Flipster endeavors to offer a seamless trading experience for individuals engaging with digital assets in dynamic market conditions. Over the past year, the platform has demonstrated rapid growth, with its trading volume surging by 856% and total user assets on the platform increasing by more than 6,000%. These achievements solidify Flipster's position as a leading derivatives trading platform in the global market.