Phoenix Group Rises 50% After $371M Abu Dhabi IPO

Phoenix Group Rises 50% After $371M Abu Dhabi IPO

On December 5, Abu Dhabi’s financial market witnessed a momentous occasion as Phoenix Group, a cryptocurrency mining company, began trading on the Abu Dhabi Securities Exchange (ADX). This marks one of the first instances of a company from this sector going public in the Middle East, and Phoenix Group’s entry into the stock market has…

Crypto Custody Firm Copper To Begin offering Securities Brokerage in Abu Dhabi

Crypto Custody Firm Copper To Begin offering Securities Brokerage in Abu Dhabi

Copper, a cryptocurrency custody and trading firm, is set to offer a brokerage service for digital securities in Abu Dhabi early next year. The new entity, Copper Securities, will provide execution and custody services and is currently working with the Financial Services Regulatory Authority (FSRA) in Abu Dhabi to secure the necessary approvals by early…