Phoenix Group, the UAE’s first crypto-listed company, plans a dual listing in the U.S. next year

PANews reported on December 23 that Phoenix Group, the first local cryptocurrency company in the UAE to be listed on the Abu Dhabi Securities Exchange (ADX), recently announced the appointment of a new CEO and plans to be listed on Nasdaq in 2025. Dual listing to further expand the international market and enhance global influence.

Phoenix Group was established in 2017 and is headquartered in Abu Dhabi, United Arab Emirates. It was successfully listed on the Abu Dhabi Securities Exchange in October 2023, becoming the first private cryptocurrency and blockchain entity to be listed on the Middle East stock market.

It is reported that Phoenix Group is the largest cryptocurrency mining business operator in the Middle East and North Africa. It is deployed in the fields of mining, custody, trading and investment, and operates a total of 765 megawatts of mining facilities around the world.