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Crypto ExchangesExchange profile

Flowdesk OTC: execution, custody and French and Dubai permissions

Entity-specific review of Flowdesk OTC pricing, custody technology, derivatives workflows, MiCA and VARA permissions and complaints.

By FXBrokers Research DeskOperating status: ActivePublished Updated Sources checked
  • French CASP A2026-022 and Dubai broker-dealer VL/26/08/001 have separate scope.
  • Flowdesk discloses principal/agency models and external routing, including an affiliate.
  • Custody disclosures describe MPC, segregation and temporary exchange holdings, with material contractual limits.
  • Pricing and derivatives collateral are bespoke; the ACPR authorisation claim remains issuer-attributed here.

Flowdesk provides institutional digital-asset liquidity, OTC execution and related services. Its French MiCA company and Dubai broker-dealer are separate counterparties with different permissions and asset-handling disclosures. A principal or agency role, bespoke pricing and use of external venues should be established for the actual transaction.[3][7][2][6]

Markets & services

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Reference table01

Service lines

Service lines
ItemPublished terms
OTC spotBilateral and routed execution for approved counterpartiesSource 1Source 5Source 2
OTC derivativesOptions, forwards and structured transactions advertised by the groupSource 1Source 5Source 2
Liquidity provisionMarket-making and liquidity services for issuers and venuesSource 1Source 5Source 2
Custody/transferEntity-specific services; expressly within the French CASP scopeSource 1Source 5Source 2
Reference table02

Legal role depends on the transaction

Legal role depends on the transaction
ItemPublished terms
Dubai disclosurePrincipal and/or agent according to the agreementSource 7Source 2Source 5
Execution destinationExternal exchanges and market makers may be usedSource 7Source 2Source 5
French serviceExecution, exchange and custody are separately listed permissionsSource 7Source 2Source 5
Derivative boundaryMiCA crypto-service permissions do not by themselves authorise financial-instrument derivativesSource 7Source 2Source 5
Reference table03

Derivative workflow advertised by Flowdesk

Derivative workflow advertised by Flowdesk
ItemPublished terms
PreparationOnboarding, legal documentation and RFQSource 5
Execution channelsVoice/chat, API or platform, as arrangedSource 5
FundingCollateral or premium according to the productSource 5
LifecycleValuation, monitoring, roll, exercise or expirySource 5
Reference table04

Derivative tools and structures

Derivative tools and structures
ItemPublished terms
ExamplesOptions, forwards, covered-call and hedging structuresSource 5
CollateralPortfolio margin and collateral terms are negotiatedSource 5
MonitoringFlowbot quotations, statements and valuationsSource 5
CoverageCompany advertises 24/7/365 support for this serviceSource 5

Fees & commercial terms

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Reference table05

Published price formation

Published price formation
ItemPublished terms
InputsExternal prices, market depth, volatility, risk and client settingsSource 3Source 7Source 5
Dealer/agent remunerationDetermined by the service agreementSource 3Source 7Source 5
Public standard tariffNo universal executable spread or commission tableSource 3Source 7Source 5
Size and productA spot quote and an option premium are not comparable fee measuresSource 3Source 7Source 5
Reference table06

Derivative economics to separate

Derivative economics to separate
ItemPublished terms
PremiumPurchase price of an option where applicableSource 5
MarginCollateral supporting obligations; not automatically a trading feeSource 5
Financing and close-outDepend on the structure and agreementSource 5
ValuationA displayed mark is not necessarily the price available to unwind a bespoke tradeSource 5

Deposits, withdrawals & settlement

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Reference table07

Funding and settlement scope

Funding and settlement scope
ItemPublished terms
SpotCurrency, network, settlement date and credit terms agreed with the counterpartySource 5Source 3
DerivativesPremium/collateral and later exercise or expiry flows depend on the contractSource 5Source 3
Collateral top-upsMay be required under negotiated portfolio-margin termsSource 5Source 3
Public withdrawal tariffNo uniform retail deposit/withdrawal timetable or fee grid establishedSource 5Source 3
Reference table08

External execution relationships

External execution relationships
ItemPublished terms
VenuesExchanges and market makers named as categoriesSource 7
Affiliate routeUAE disclosure identifies Limitless Frontier, Corp as a material routing affiliateSource 7
ClearingUAE company says it does not clear for other VASPsSource 7
ImplicationExecution destination and legal counterparty should not be assumed to be the same entitySource 7

Custody & asset handling

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Reference table09

French safeguarding statement

French safeguarding statement
ItemPublished terms
SegregationClient holdings separated from company assets and identified in recordsSource 3
Access technologyInstitutional wallet infrastructure and MPCSource 3
Custody policyAvailable on requestSource 3
Third partiesCustodians, exchanges, banks and other service providers may be usedSource 3
Reference table10

French asset-use and insolvency provisions

French asset-use and insolvency provisions
ItemPublished terms
Use of assetsNo lending, pledging or use without prior consent and permitted contractual/legal basisSource 3
OwnershipDisclosure says crypto-assets remain the client’s propertySource 3
InsolvencyFirm describes a right to recover segregated assets under standard agreementsSource 3
Residual riskThird-party failure, operational issues or loss can still affect access and recoverySource 3
Reference table11

Dubai asset handling

Dubai asset handling
ItemPublished terms
Incidental holdingCompany may hold virtual assets while providing broker-dealer servicesSource 7
Wallet arrangementFireblocks MPC workspace with warm storageSource 7
Segregation claimCompany says client assets are separate and not used proprietarilySource 7
External venuesTemporary exchange holdings support trading or client directionsSource 7
Reference table12

What MPC does and does not establish

What MPC does and does not establish
ItemPublished terms
Technical functionDistributes key-control processes across multiple componentsSource 3Source 7
Legal custodianDetermined by the entity and asset agreement, not the technology brand aloneSource 3Source 7
Other exposuresVenue default, token risk, compromised instructions and network failure remain possibleSource 3Source 7

Client eligibility & restrictions

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Reference table13

Dubai access categories

Dubai access categories
ItemPublished terms
Institutional investorsIncluded in the VARA entrySource 6
Qualified investorsIncluded in the VARA entrySource 6
Retail investorsNot listed as an eligible categorySource 6
Service boundaryThe entry covers broker-dealer services, not a universal exchange accountSource 6
Reference table14

French and group onboarding

French and group onboarding
ItemPublished terms
IdentityKYC/KYB and beneficial-ownership reviewSource 3
GeographySanctions and prohibited/restricted-jurisdiction screeningSource 3
Product approvalLegal entity and service agreement determine accessSource 3
Complete country matrixNot published in the reviewed disclosureSource 3

Support & contacts

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Reference table15

French contacts and complaints

French contacts and complaints
ItemPublished terms
Legal contact[email protected]Source 3
Published address231 Rue Saint-Honoré, 75001 Paris, FranceSource 3
Complaint submissionFree complaint form on the EU disclosure pageSource 3
ResponseFair investigation and a reasonable-period response under the cited MiCA policy; no fixed public number of daysSource 3
Reference table16

Dubai complaints

Dubai complaints
ItemPublished terms
Email[email protected]Source 7
AcknowledgementWithin one week under the disclosed procedureSource 7
Resolution targetFour weeksSource 7
Complex casesUp to eight weeks; complaint handling is freeSource 7
Reference table17

Operational incident versus formal complaint

Operational incident versus formal complaint
ItemPublished terms
Trading operationAssigned trading relationship and agreed electronic channelsSource 5Source 3Source 7
Custody incidentIdentify contracting entity, affected asset and transactionSource 5Source 3Source 7
Formal grievanceUse the EU or UAE complaint route appropriate to the accountSource 5Source 3Source 7
Record retentionUAE disclosure says complaint records are retained for eight yearsSource 5Source 3Source 7

Authorisations & registrations

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Reference table18

French MiCA entry

French MiCA entry
ItemPublished terms
HolderFlowdesk Europe SASSource 2
LicenceA2026-022Source 2
Authorisation date25 June 2026Source 2
Publication date26 June 2026Source 2
IdentifiersRCS 998 951 883; LEI 984500AB011S3AEF6706Source 2
Reference table19

Five French authorised services

Five French authorised services
ItemPublished terms
CustodySafekeeping and administration on behalf of clientsSource 2
ExchangeCrypto for funds and crypto for other cryptoSource 2
ExecutionOrders on behalf of clientsSource 2
TransferTransfers on behalf of clientsSource 2
Reference table20

Dubai register

Dubai register
ItemPublished terms
HolderFlowdesk Omega FZESource 6
LicenceVL/26/08/001Source 6
Issue date7 August 2026Source 6
Status/activityActive; broker-dealer servicesSource 6
Client classesInstitutional and qualified investorsSource 6
Reference table21

Separate payment-authorisation announcement

Separate payment-authorisation announcement
ItemPublished terms
Announcement date13 October 2026Source 4
Company statementACPR payment-institution authorisation under PSD2Source 4
Identifier statedCIB 18098Source 4
Described purposePayment-services treatment of electronic-money-token custody and transfersSource 4
Verification limitThe issuer announcement was reviewed; a matching current ACPR/REGAFI entry was not independently retrievedSource 4

Operator & entity scope

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Reference table22

Which Flowdesk entity is responsible

Which Flowdesk entity is responsible
ItemPublished terms
French crypto relationshipFlowdesk Europe SASSource 2Source 6Source 7
Dubai crypto relationshipFlowdesk Omega FZESource 2Source 6Source 7
Routing affiliateLimitless Frontier, Corp appears in UAE execution disclosureSource 2Source 6Source 7
Other group servicesProduct branding alone does not determine contracting entity or permissionSource 2Source 6Source 7
Operator
Flowdesk Europe SAS and Flowdesk Omega FZE, according to contract
Exchange model
Centralised
Service scope
Institutional OTC crypto liquidity and exchange services; Europe uses Flowdesk Europe SAS under French MiCA authorisation, while Dubai broker/dealer business is run by Flowdesk Omega FZE.
Client types
Professional clients; Institutional clients
Pricing publication
Quote only
Other names
Flowdesk; Flowdesk Europe
Headquarters
Paris, France (European entity); group international
Covered jurisdictions
France; United Arab Emirates
Pricing scope
Proprietary execution prices and negotiated service fees; no universal public spread, commission or derivatives margin tariff.
Funding scope
Settlement, collateral, premiums and delivery are agreed by entity and instrument. Derivative lifecycle tools do not establish a universal retail withdrawal schedule.
Custody and asset handling
French disclosures provide segregation and MPC safeguards, with use of assets possible only under the stated consent and legal/contractual conditions. Dubai disclosures identify Fireblocks warm-wallet infrastructure and temporary external-exchange holdings.
Client eligibility
Institutional issuers, treasuries, liquidity takers and eligible counterparties; geography and legal role set by onboarding and final agreement.
Support
Institutional trading desks and dedicated service contacts; formal escalation to correct contracting entity.
Authorisation and registration scope
AMF CASP A2026-022 covers five crypto services for Flowdesk Europe SAS. VARA VL/26/08/001 covers broker-dealer services for Flowdesk Omega FZE. Flowdesk announced a separate ACPR payment-institution authorisation on 13 October 2026; that announcement was not independently matched to a live ACPR entry.

Exchange metadata checked 27 Oct 2026Source 1Source 2Source 3Source 4Source 5Source 6Source 7

Covered contracting entities

Flowdesk Europe SAS

Jurisdiction
France
Covered services
AMF MiCA CASP A2026-022; five listed crypto services
Client and location scope
Onboarding, AML/KYB, jurisdiction and contract restrictions.
Source 2Source 3

Flowdesk Omega FZE

Jurisdiction
Dubai, United Arab Emirates
Covered services
VARA broker-dealer licence VL/26/08/001
Client and location scope
Institutional and qualified investors only.
Source 6Source 7

Additional Information

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Flowdesk publishes more detail about safeguarding and routing than a simple institutional-liquidity description suggests. The practical questions are which company owes the obligation, whether it is principal or agent, and where assets are held while the trade is executed. Those answers are more informative than a group-wide venue count or a generic claim of regulated custody.[3][7]

Follow the evidence

Sources & further reading

  1. Flowdesk OTC and liquidity solutions Flowdesk · Accessed 27 Oct 2026
  2. FLOWDESK EUROPE SAS French CASP licence A2026-022 Autorité des Marchés Financiers · Accessed 27 Oct 2026
  3. Flowdesk bespoke OTC derivatives proposition Flowdesk · Accessed 27 Oct 2026

This profile reports dated public information, including exchange-published services and terms. It does not independently test or guarantee trading, custody, pricing or withdrawals. Inclusion is not an endorsement. Permissions and protections apply only to the named legal entity, service and client category; check the current official records and your contract.

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