Blockchain.com is rising its existence in Africa, which targets markets where governments begin to implement formal crypto regulation.
The United Kingdom-based exchange plans to open a physical office in Nigeria in the second quarter of 2025-the “fastest growing market” in West Africa-in the midst of greater expansion efforts in Ghana, Kenya and South Africa, According to In a May 27 report by Bloomberg.
“Nigeria has taken significant steps towards creating a clear framework for the crypto,” Owenize Odia, general manager of Blockchain.com for Africa, said it has been said.
Moving will come as a global transfer of emotion, including political tails from the United States, where the president Donald Trump’s Pro-Crypto Standing Encouraging the expansion of the industry.
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Nigeria and Ghana led to crypto regulation
While cryptocurrency trading remains restricted to many African countries, some, including Nigeria and Ghana, take steps towards the creation of legal frameworks for exchanges.
Odia said the company is prioritizing a Nigerian license application, which has recently conducted a new security law that covers digital assets.
Ghana’s Central Bank released draft guidelines that indicate plans to start regulating crypto platforms in September 2025, while Kenya is still in the research stage.
Odia added that regulatory signals are key to expanding blockchain.com expansion decisions throughout the continent. Replacing the youth population and the lack of money as factors that release crypto adoption.
Cointelegraph reached out to blockchain.com to comment but did not receive a response by publication.
Blockchain.com claims 37 million to verify users, 92 million wallets and over $ 1 trillion in transaction volume, According to on its website.
In 2022, blockchain.com Closed a funding of funding that saw its appreciation Spike from $ 5.2 billion to $ 14 billion less than two months before the Falling Terra Ecosystem of Do Kwon.
However, a $ 110 million series E Financing Round to 2023 more than dividing Its 2022 appreciation
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South Africa is leading the crypto breed
South Africa is emerging as a frontrunner in the African crypto breed, along with the position of the country itself as a regional hub for digital properties.
According to Ben Cast Make it a fine launch for crypto companies Looking to expand throughout the continent.
In an interview in September 2024 with Cointelegraph, Caselin emphasized that regulatory clarity is a major factor to draw both local and international players in South Africa.
Momentum continues to build, with the Financial Sector Conduct Authority (FSCA) Approval of 59 Crypto platform licenses By March 2024, due to more than 260 applications remain evaluated.
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