UAE's first publicly traded cryptocurrency company plans dual listing in the US next year

Phoenix Group, the first local cryptocurrency company listed on the Abu Dhabi Securities Exchange (ADX) in the United Arab Emirates, 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 global influence.

Phoenix Group was established in 2017 and 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.

As the largest cryptocurrency mining business operator in the Middle East and North Africa, Phoenix Group has rapidly risen in recent years and has developed into a technology group worth billions of dollars in market value.