Phoenix Group to Dual-List on Nasdaq in 2025: What You Need to Know ‼️🇦🇪
Phoenix Group, the UAE’s first crypto company to list on the Abu Dhabi Stock Exchange (ADX), is preparing for a dual-listing on Nasdaq in 2025. This strategic move aims to expand the company’s global presence and further solidify the UAE as a leading crypto hub.
### A Strong Start in the UAE
Founded in 2017 in Abu Dhabi, Phoenix Group has quickly become the largest cryptocurrency mining operator in the MENA region. It operates over 765 MW of mining facilities across the UAE, US, and Canada. In October 2023, the company made waves by listing on the ADX.
### Why Nasdaq Matters
The dual-listing on Nasdaq will help Phoenix Group grow internationally and attract more investors. As one of the world’s premier stock exchanges, Nasdaq offers significant exposure, opening doors to new global opportunities. CEO Munaf Ali emphasizes the importance of integrating traditional and digital assets, underlining Phoenix’s commitment to financial innovation.
### Leading the Crypto Mining Space
Phoenix Group isn't just a mining giant; it’s also the exclusive distributor of Bitcoin mining devices in the GCC, Egypt, Kenya, and Turkey. This broad network enhances its influence across key markets.
### UAE’s Digital Push
The UAE government’s strong support for digital innovation and financial technology has played a crucial role in Phoenix Group’s success. As the country builds its crypto and blockchain ecosystem, Phoenix’s growth further cements the UAE’s position as a crypto powerhouse.
### Looking Ahead
Phoenix Group’s Nasdaq listing in 2025 marks an exciting new chapter in its global expansion. It will boost the company’s international profile and reinforce the UAE's role as a leader in cryptocurrency innovation. #PhoenixGlobal #UAECrypto #UAE #abudhabi #g315c $BNB $BTC $XRP

According to BlockBeats, on September 27, blockchain and AI climate technology company Coral announced the completion of a $3 million pre-seed funding round. The company has chosen not to disclose the investors and valuation details at this time.The newly acquired funds will enable Coral to open a new office in Abu Dhabi, hire additional experts, and enhance its AI platform. Additionally, the company plans to expand its operations and improve its blockchain-based carbon emission management platform. This platform leverages blockchain technology to ensure the full lifecycle traceability of carbon credits.
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Charles Hoskinson has criticized the lack of consistency in the application of classification standards by the US Securities and Exchange Commission (SEC).The US approach to crypto could do more harm than good, and they risk losing major players by the time they “get their act together,” Cardano founder Charles Hoskinson said. said.“In particular, when you look at some of the US regulators, they have done a very good job of alienating most of the industry. They are not clear at all,” Hoskinson told Cointelegraph on the sidelines of the recent Abu Dhabi Financial Week.#abudhabi #finiancialweek #adacardano $ADA #TienMaHoa Charles Hoskinson