Blockchain.com is expanding its presence in Africa with a launch in Ghana as the crypto broker looks to build digital asset infrastructure in some of the region’s fastest growing markets.
Conclusion
- Blockchain.com has launched operations in Ghana as part of a broader African strategy.
- The move follows a more than 700% increase in transactions in Nigeria, one of the company’s fastest growing markets.
- The company says the growth in crypto adoption in Africa is driven by remittances, currency volatility and mobile-first users.
The company announced the expansion on March 9, saying the move is part of a broader strategy to scale operations across Africa and provide local users with a secure and convenient platform to access digital assets.
The Ghana launch follows strong growth in Nigeria, which has emerged as one of Blockchain.com’s fastest growing global markets. According to the announcement, since the official launch of retail operations in the country last year, the company has recorded an increase of more than 700% in the volume of brokerage transactions.
Blockchain.com has set up operations in Lagos and hired local staff to support the expansion, with USDT, BTC and TRX emerging as the most active assets among Nigerian users on the platform.
The company said demand for digital assets is growing across Africa, driven by factors such as currency volatility, remittance needs and rapid growth in the mobile-first population. According to industry data, Nigeria has consistently ranked among the top countries in the world for crypto adoption.
Blockchain.com has also reported that Ghana is experiencing a booming growth even before its official launch. Over the past year, the company has seen a 140% increase in active users in the country and an 80% increase in transaction volume, indicating strong local demand for regulated access to cryptographic services.
“Africa represents our mission to make financial services accessible to everyone around the world,” said Owen Odia, the company’s general manager for Africa, adding that the company is investing in local talent and developing products tailored to regional needs.
The company said stablecoins and digital assets can help improve cross-border settlements, reduce money transfer costs and support digital commerce across West Africa.
Founded in 2011, Blockchain.com operates in more than 70 jurisdictions and has processed more than $1.2 trillion in crypto transactions, creating more than 90 million wallets worldwide.
