Why Abu Dhabi is becoming a popular destination for crypto companies

Abu Dhabi attracts crypto companies as it becomes a popular destination for global expansion. Companies like Copper Technologies, Paxos Trust, and eToro Group have secured licenses or established parts of their businesses in the emirate’s economic zone. Phoenix Group’s shares have surged since their debut on public markets in Abu Dhabi. Abu Dhabi offers advantages such as a growing network of partners, developing government policy, and deep-pocketed investors. To be sure, the UAE’s grip on the crypto industry remains small in comparison to traditional hot spots.