Blockchain.com Accelerates African Expansion Amid Growing Crypto Regulation
Blockchain.com, a leading cryptocurrency exchange and wallet provider, is stepping up its expansion efforts across Africa as regulatory frameworks for digital assets begin to take shape.
The company is targeting key markets such as Ghana, Kenya, and South Africa, while planning to establish a physical office in Nigeria this quarter. Nigeria has emerged as Blockchain.com’s fastest-growing market in West Africa, according to Bloomberg.
Recent legislative developments in Nigeria, including a new investment and securities law that introduces licensing and regulatory measures for crypto exchanges, have paved the way for this move.
“Nigeria is making significant progress toward a clearer crypto regulatory framework,” said Owenize Odia, Blockchain.com’s general manager for Africa. “Securing a crypto-exchange license there is a top priority for us.”
Elsewhere on the continent, Ghana’s central bank issued draft guidelines for crypto last year, and Kenya continues to study and evaluate the sector before formalizing its policies.
This expansion follows Blockchain.com’s recent strategic moves towards a potential initial public offering (IPO), marked by new executive appointments earlier this year.
The push aligns with a broader trend, as other crypto firms, including Circle Internet Group—the issuer of the USDC stablecoin—have filed for IPOs, signaling growing institutional interest in taking crypto companies public.
