Blockchain.com Expands in Africa, Targets Nigeria for Physical Office
Blockchain.com, a leading digital currency platform, is expanding its presence in Africa. It plans to open a physical office in Nigeria, its fastest-growing market, and secure local licenses in several countries. The company is also awaiting regulatory clarity in Nigeria, where crypto trading is currently restricted.
Blockchain.com has seen significant growth in Nigeria, with over 3 million wallets created due to high crypto literacy and demand for alternatives to traditional finance. The company is prioritizing securing a license in Nigeria, where regulations are advancing, and plans to do so within the next 12 to 18 months. This move aligns with the company's strategy to view regulatory signals as critical to its expansion decisions in Africa.
In addition to Nigeria, Blockchain.com is exploring expansion into other markets like Ghana, Kenya, and South Africa. Ghana's central bank has plans to regulate crypto platforms by September 2025, while Kenya is still in the exploratory phase regarding crypto regulation. Meanwhile, Nigeria and Ghana are defining legal frameworks for digital assets and exchanges.
Blockchain.com's expansion in Africa is driven by the continent's growing interest in digital currencies. By securing local licenses and strengthening relationships with regulators and users, the company aims to solidify its presence in the region's fastest-growing markets.
