United Arab Emirates's first cryptocurrency listed company plans to dual list in the United States next year
According to online reports, 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 a dual listing on Nasdaq in 2025 to further expand the international market and enhance global influence. Phoenix Group was established in 2017 and is headquartered in Abu Dhabi, United Arab Emirates. It was 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 group.
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