Phoenix Group, the first cryptocurrency listed company in the United Arab Emirates, plans to double its listing in the United States next year

According to Caixin News Agency, Phoenix Group, the first local cryptocurrency company in the United Arab Emirates to be listed on the Abu Dhabi Stock Exchange (ADX), recently announced the appointment of a new CEO and plans to achieve dual listing on NASDAQ by 2025 to further expand its international market and enhance its global influence. Phoenix Group was founded in 2017 and is headquartered in Abu Dhabi, United Arab Emirates. Successfully listed on the Abu Dhabi Stock Exchange in October 2023, 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 operator in the Middle East and North Africa region, with a layout in the mining, custody, trading, and investment fields, operating a total of 765 megawatts of mining facilities worldwide.