According to Wu Shuo, as reported by the Financial Associated Press, Phoenix Group, the first local cryptocurrency company in the UAE 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 into international markets. Previously, Phoenix Group successfully listed on the Abu Dhabi Securities Exchange in October 2023, becoming the first private cryptocurrency and blockchain entity to be listed on a stock market in the Middle East.