Coinbase-backed Flowdesk secures full broker-dealer license in Dubai
Flowdesk’s VARA approval follows its MiCA authorization in France as crypto firms build regulated operations across major global markets.
Flowdesk, an institutional crypto market maker backed by Coinbase Ventures and BlackRock, has received a full broker-dealer license in Dubai, expanding its ability to serve institutional investors in the emirate.
On Tuesday, Flowdesk said Dubai’s Virtual Assets Regulatory Authority granted the license to its local entity, Flowdesk Omega FZE, allowing it to provide regulated broker-dealer services to qualified and institutional investors in and from Dubai.
The approval follows Flowdesk’s broader regulatory expansion, with the company receiving authorization in France as a Crypto-Asset Service Provider under the European Union’s Markets in Crypto-Assets framework.