Odaily Planet Daily News: The first local cryptocurrency company listed on the Abu Dhabi Securities Exchange (ADX), Phoenix Group, recently announced the appointment of a new CEO and plans to achieve dual listing on NASDAQ in 2025 to further expand into international markets. Phoenix Group was established in 2017 and is headquartered in Abu Dhabi, UAE. It went public 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. 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 experience in capital markets, having held executive positions at Citibank in London and the UAE. Phoenix Group operates a total of 765 megawatts of mining facilities in the U.S., Canada, CIS countries, and the UAE, and is also the exclusive distributor of Bitcoin mining machine manufacturer MicroBT in the GCC, Egypt, Turkey, and Kenya. It has currently diversified into four main verticals: mining, custody, trading, and investment. (Arabian Business)