According to BlockBeats news on December 23, as reported by Caixin, Phoenix Group, the first local cryptocurrency company listed on the Abu Dhabi Securities Exchange (ADX), recently announced the appointment of a new CEO and plans to achieve a dual listing on NASDAQ in 2025 to further expand its international market and enhance its global influence.
Phoenix Group was established in 2017, headquartered in Abu Dhabi, UAE. In October 2023, it successfully listed on the Abu Dhabi Securities Exchange, becoming the first private cryptocurrency and blockchain entity to go public in the Middle Eastern stock market.
As the largest cryptocurrency mining operator in the Middle East and North Africa region, Phoenix Group has rapidly risen in recent years, evolving into a technology group with a market value of several billion dollars.