Coinbase-backed Flowdesk Secures Broker-Dealer License in Dubai

Key Facts

1Crypto market maker Flowdesk has secured a full broker-dealer license from Dubai's Virtual Assets Regulatory Authority (VARA).

2The Dubai approval follows the firm's MiCA authorization in France, strengthening its regulated global expansion.

In a move reflecting Dubai's growing appeal as a global hub for digital asset regulation, crypto market maker Flowdesk has secured a full broker-dealer license from the Virtual Assets Regulatory Authority (VARA). This approval allows the Coinbase-backed firm to offer regulated services within the UAE. According to reports, the move is part of Flowdesk's broader strategy to establish regulated operations in major global financial centers.

The Dubai authorization strengthens the firm's global regulatory footprint, following its previous MiCA authorization in France. This development is viewed as a positive signal for Dubai's crypto ecosystem and Coinbase-backed ventures, demonstrating continued institutional maturation and regulatory progress in the region.

Regarding market performance, COIN shares stood at $148.68 at close on August 10, 2026, after reaching a day high of $153.61. Investors will be watching how these regulatory milestones impact sentiment in the digital asset sector, as the firm continues its expansion into regulated international markets.

Sources:

cointelegraph.com