Phoenix Group, the first local cryptocurrency company in the UAE to list on the Abu Dhabi Stock Exchange (ADX), recently announced the appointment of a new CEO and plans to achieve a dual listing on Nasdaq in 2025 to further expand its international market and enhance its global influence. Phoenix Group was founded in 2017 and is headquartered in Abu Dhabi, UAE. It successfully listed on the Abu Dhabi Stock Exchange in October 2023, becoming the first private cryptocurrency and blockchain entity to list on the Middle East stock market. As the largest cryptocurrency mining operator in the Middle East and North Africa, Phoenix Group has risen rapidly in recent years and has developed into a multi-billion dollar technology conglomerate.