The UAE's first listed cryptocurrency mining company, Phoenix Group, plans to dual-list in the US next year

ChainCatcher news, according to Caixin, the UAE's 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 its international market and enhance its 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 Eastern stock market.

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