Dubai Grants Full Broker-Dealer License to Coinbase-Backed Flowdesk

Flowdesk, an institutional crypto market maker backed by Coinbase Ventures and BlackRock, has received a full broker-dealer license in Dubai. This move enables Flowdesk to provide regulated services to qualified and institutional investors in the emirate.

The company's local entity, Flowdesk Omega FZE, was granted the license by Dubai's Virtual Assets Regulatory Authority (VARA). This allows Flowdesk to bridge traditional finance and digital assets while providing liquidity, custody services, and regulatory compliance to its clients.

Flowdesk's expansion into Dubai follows its broader regulatory growth, including receiving authorization in France as a Crypto-Asset Service Provider under the European Union's Markets in Crypto-Assets framework. This approval indicates Flowdesk's increasing presence in the global crypto market.