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 dual listing on NASDAQ in 2025 to further expand its international market. Founded in 2017 and headquartered in Abu Dhabi, UAE, Phoenix Group went public on the Abu Dhabi Securities Exchange in October 2023, becoming the first private cryptocurrency and blockchain entity listed on the Middle Eastern stock market. The new CEO, Munaf Ali, previously served as the Managing Director of Phoenix Group and is a co-founder of the company. He has over 20 years of capital markets experience, having held executive positions at Citibank in London and the UAE. Phoenix Group operates a total of 765 megawatts of mining facilities in the USA, Canada, CIS countries, and the UAE, and is also the exclusive distributor of Bitcoin mining machine manufacturer MicroBT in the Gulf Cooperation Council (GCC), Egypt, Turkey, and Kenya. The company has diversified its operations across four key verticals: mining, custody, trading, and investment. (Arabian Business)