Phoenix Group, the first local cryptocurrency company listed on the Abu Dhabi Securities Exchange (ADX) in the UAE, recently announced the appointment of a new CEO and plans to achieve dual listing on Nasdaq in 2025 to further expand its international market and enhance its global influence. Established in 2017, Phoenix Group is 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 be listed on the Middle East stock market. It is reported that Phoenix Group is the largest cryptocurrency mining business operator in the Middle East and North Africa region, involved in mining, custody, trading, and investment, operating a total of 765 megawatts of mining facilities globally. (Financial News)