Panama City, Panama – May 27, 2025 — Global cryptocurrency trading platform Flipster has unveiled its plans to expand into the Middle East, signaling a major step in its international growth strategy. As part of this move, the company has appointed seasoned fintech executive Benjamin Grolimund as General Manager of the UAE to spearhead operations in the region.
This expansion comes amid a surge in crypto activity across the Middle East, with the UAE alone recording a 42% year-on-year increase in crypto transactions in 2024. The region’s combination of supportive regulations, a burgeoning fintech sector, and a skilled workforce has positioned it as a global center for digital asset innovation.
Grolimund joins Flipster with nearly 20 years of experience in the financial and digital assets sectors. Most recently, he served at Rain, the first fully regulated virtual assets brokerage and custodian in the Middle East. His career also includes founding Finally Technologies and serving as the Regional Head of MEA at Bloomberg.
At Flipster, Grolimund will be responsible for executing business and operational strategies to establish a robust, compliant presence in the UAE. His appointment coincides with a phase of significant growth for the platform, which saw an 856% increase in trading volume across its markets in 2024.
“The Middle East’s progressive regulatory landscape and fintech-forward vision make it an ideal region for responsible crypto innovation,” said Grolimund. “I’m excited to join Flipster at such a transformative time and help shape a strong, scalable, and integrity-driven presence in this rapidly evolving market.”
Flipster’s entry into the Middle East underscores its broader mission to democratize access to cryptocurrency trading. By collaborating with regulators, partners, and the investor community, the company aims to foster a secure and inclusive digital asset ecosystem.
With Grolimund at the helm, Flipster is poised to become a key player in the region’s crypto landscape, reinforcing its commitment to global expansion while upholding the highest standards of compliance and operational excellence.
